In this latest issue of the Title Insurance Update for Autumn 2023, we cover an array of pressing topics related to the title insurance industry which are of particular interest for legal professionals within top law firms and corporations.
Beginning with an in-depth focus on a critical issue that has been catching the attention of New York State prosecutors and the New York State legislature, “Deed Theft: Recent New York Developments” explains the escalating problem of deed thefts in New York. This nefarious practice is increasingly becoming a significant worry and this exposé provides an overview of the steps being taken to curb this growing menace.
In addition, the Title Insurance Update reports on a recent judgment emerging from the New York trial courts, which saw a title insurer successfully granted summary judgment in a disputed coverage claim. An exploration of this case confirms that the title insurance policy’s “persons in possession” exception was appropriately applied to the insured party’s claims for damages, setting an important precedent for future cases of similar nature.
The Title Insurance Update is always committed to providing you with the most recent and insightful information that affects your work within the legal landscape of title insurance. Your understanding of these updates and changes is vital in navigating your professional work and providing the best legal advice and support to your clients.
This article was produced by Rivkin Radler LLP. Please make sure to keep abreast of these developments which have significant implications for legal professionals in the title insurance industry.