Inside look at Southern Title's defalcation

Southern Title Insurance Corp. voluntarily stopped issuing new business on Sept. 16, citing a substantial agency defalcation as the reason. Then the Virginia Bureau of Insurance officially suspended STIC’s license, citing a defalcation that occurred in Texas. Now, in an exclusive interview with The Title Report, Southern Title confirms the actual agent in question and some of the details leading up to its eventual decision. Read on for more from this interview as well as more background on the fraudulent agent.