Title Insurance: What Lies Ahead in 2017 and Beyond
Over the years, the growth rate of title insurance market has been remarkably high. This growth demonstrates that the title products and services provided in the market are able to meet the demand of the customers. However, as the title insurance sector continues to proliferate, fraud and other business risks that may lead to potential financial losses and unwanted costs, also increase.
To address such challenges, property owners, banks, title agents, claims counsel and underwriters should be aware of the latest title insurance trends and developments.
This LIVE Webcast will provide the audience with an in-depth analysis of the fundamentals as well as recent developments in Title Insurance. Speakers will present key issues and legal trends surrounding this significant topic and will present to the audience the best practices and practical tips to avoid common risks and pitfalls.
Key topics include:
- Title Insurance: Fundamentals
- Coverage and Limitation
- Common Risks and Pitfalls
- Opportunities and Legal Challenges
- Trends and Developments
Riker Danzig Scherer Hyland & Perretti LLP
- The basics of the sections of the policy (Covered Risks, Schedule A, B and Conditions and Stipulations).
- Details on what is insured and what is not; exclusions 3a to 3e;
- When a loss occurs in a foreclosure under a title policy and the measurement of loss in a foreclosure.
Morris James LLP
- Parties in Possession exception – what is it and how is it applicable?
- Recent trends in Mechanic’s Lien coverage.
- Survey exception – what does it cover and how to remove it?
Steeg Law Firm, LLC
- The measure of loss under both an owner’s and a lender’s policy, including issues such as the timing of valuation
- The types of economic loss that are not typically covered under an owner’s policy, such as delay damages and other types of consequential losses.
- Causes of action that policy holders sometimes assert in an effort to circumvent the loss provisions—e.g., negligent abstracting and other tort theories, bad faith, breach of contract for conduct such as failure to act promptly to resolve or cure title issues—as well as the defenses to those causes of action.
Who Should Attend:
- Title Agent Professionals
- Title Insurers
- Insurance Companies
- Real Estate Lawyers
- Settlement Agents
- General Counsel and Attorneys
- Insurance Lawyers
- Insurance Brokers
- Investment Bankers
- Mortgage Business Line Personnel
- Other Interested Professionals
MICHAEL R. O’DONNELL is a partner with Riker Danzig Scherer Hyland & Perretti LLP. He provides a range of commercial litigation services to clients, particularly financial institutions, title insurance companies and reinsurers. His work includes real estate and title disputes and related legal malpractice claims, lender liability and the work-out of problem loans, commercial lending, sophisticated judgment collections, fraud and fraudulent transfer claims, title disputes, reinsurance collections, oppressed shareholder claims, RICO claims and D&O and fidelity bond issues. Mike has defended title underwriters and agents and financial institutions in class actions ranging from claims of overcharges on settlement services to violations of the Expedited Funds Availability Act. He is the Past Chair of the District XB Ethics Committee of the Supreme Court of New Jersey, and a member of the Association of the Federal Bar of New Jersey.
MICHAEL R. O’DONNELL is a partner with Riker Danzig Scherer Hyland & Perretti LLP. He provides a range of commercial …
James A. Landon has nearly 15 years of real estate and land use experience representing individuals and companies in the purchase, sale, leasing, financing, and development of real property. With a background in constructions and finance, Jim has an inherent understanding of the business aspects of a deal. As one of the most accomplished real estate lawyers in Delaware, you can be assured Jim has the sophisticated legal skills necessary to help you achieve your goals.
James A. Landon has nearly 15 years of real estate and land use experience representing individuals and companies in the …
Charles L. Stern, Jr. is a partner at Steeg Law Firm, LLC in New Orleans, LA and the head of the litigation section. He has more than 30 years of experience handling commercial litigation for clients in a variety of industries, including title insurance, commercial real estate, and banking. He is well known for his vast experience in title disputes and title insurance coverage. His other areas of practice include construction and development disputes; bankruptcy and workouts (creditor representation) with a concentration on disputes affecting or involving commercial real estate; litigation involving disputes among shareholders of closely-held corporations; and bet-the-company litigation. He was named Best Lawyers® 2015 New Orleans Litigation – Real Estate “Lawyer of the Year” and has been consistently included in Best Lawyers in America and Super Lawyers. As appellate counsel, he has argued before the United States Supreme Court, as well as the U. S. Fifth Circuit Court of Appeals and Louisiana state appellate courts.
Charles L. Stern, Jr. is a partner at Steeg Law Firm, LLC in New Orleans, LA and the head of …
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Method of Presentation:
Basic Knowledge in Title Insurance Law
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Riker Danzig Scherer Hyland & Perretti LLP
Riker Danzig Scherer Hyland & Perretti LLP has served the New Jersey business community for over 130 years. Distinguished for its unparalleled representation of financial institutions since the founding of the firm, Riker Danzig has become a preeminent, full-service law firm. In addition to its two New Jersey offices in Morristown and Trenton, the firm has an office in Midtown Manhattan, serving clients in corporate law, tax and trusts and estates, and litigation. Riker Danzig serves as regional trial counsel and national defense counsel for some of the country's largest corporations in a wide variety of matters, while also representing many family-owned businesses and middle-market companies. The firm provides corporate counseling to numerous financial, commercial, manufacturing and service organizations and has highly-respected practices in trial and appellate litigation, insurance, corporate law, bankruptcy, governmental affairs, labor and employment, environmental law, real estate, tax, and trusts and estates.
About Morris James LLP
Morris James has more than 70 lawyers in eight offices throughout Delaware offering full-service representation. Our Real Estate, Bankruptcy, Chancery, Intellectual Property, Land Use, and Labor & Employment groups are recognized as leading practices in Delaware. In our real estate practice, we serve the needs of a wide range of clients, including individual investors, real estate developers and builders, publicly traded corporations, banks and lending institutions, and owner-operators of commercial, office, and industrial real estate, among others. Our attorneys apply a business mindset and the benefit of litigation experience to real estate legal issues. We remain mindful of the client’s overall objectives, anticipate risk, and help ensure full realization of investment value. In addition to real estate transactional and litigation matters, Morris James provides legal counsel and representation on related issues, including mergers and acquisitions, bankruptcy, taxation, and estate planning. With a team of 14 real estate attorneys, we can match clients with a real estate lawyer who is experienced with their specific needs. Having the resources of a large team allows us to collaborate more effectively, finding solutions to complex legal challenges. This broad depth of experience — as well as a proven track record of success in court — makes Morris James one of the premier firms for Delaware's most prominent property developers.
About Steeg Law Firm, LLC
Steeg Law Firm, LLC is a real estate law firm with decades of experience in commercial and residential real estate, real estate financing, commercial and residential title insurance, and commercial and business litigation throughout Greater New Orleans and the Gulf South. The firm has been consistently included in the independent peer review directory Chambers USA as one of the top real estate law firms in Louisiana and ranked as a first-tier “New Orleans Real Estate Law Firm” in the 2010-2017 editions of U.S. News-Best Lawyers “Best Law Firms” rankings.