Southern Title Insurance Corporation, based in Hendersonville, TN, was ordered into liquidation by the State Corporation Commission of Virginia on July 28, 2014, due to insolvency. The company set a claims filing deadline of January 28, 2015, for all claimants to submit their proofs of claim, which are currently being adjudicated by Southern Title.
On October 4, 2016, the Deputy Receiver filed an application for the approval of an assumption agreement between Southern Title, First National Title Insurance Company (FNTI), and the Texas Title Insurance Guaranty Association (TTIGA). The agreement, approved by the Commission on February 1, 2017, allows FNTI to assume certain liabilities of Southern Title for policies insuring Texas properties only.
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