October Research CEO and Publisher Erica Meyer and Chief Knowledge Officer Mary Schuster were invited to speak to the National Association of Insurance Commissioners (NAIC) Title Insurance Task Force on March 17 about the challenges facing the title industry.
Meyer and Schuster used the opportunity to give the regulators a detailed look at what title insurers must contend with every day, including cyclical market forces, ever-evolving cybercrime and fraud, unregulated title insurance alternatives and most recently, the president’s affordable housing plan calling out title insurance specifically.
The presentation aimed to give the state regulators necessary context to help them know how to best spot potential threats to title shops and to the health of the entire market.
Schuster shared her experience speaking to the NAIC in her latest “Tuesdays with Mary” blog post, which can be found here.