Southern Title Insurance Corp. is suspending issuing new policies as of September 15, 2011.  In a press release, it cited a higher than usual number of claims arising from policies issued from 2005 to 2008.  The agents which issued those policies are no longer associated with Southern Title.  The company also cited "a substantial recent agent defalcation". 
 
Southern Title is an underwriter of title insurance policies.  The press release stresses that Southern Title remains solvent and that there are sufficient funds to pay claims of current policyholders.  However, if you have a transaction where Southern Title is acting as the title company or has been included in the purchase agreement as the escrow agent and/or title company, the parties should agree to use an alternative agent and underwriter. 
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Jodi Rich

With nearly 20 years of experience in real estate law, Jodi assists clients with matters involving all types of commercial properties with a particular focus on addressing the legal needs of clients in the retail, restaurant, and hospitality industries. She represents a wide…

With nearly 20 years of experience in real estate law, Jodi assists clients with matters involving all types of commercial properties with a particular focus on addressing the legal needs of clients in the retail, restaurant, and hospitality industries. She represents a wide variety of clients in commercial real estate transactions, including buyers, sellers, landlords, tenants, borrowers, and lenders in the acquisition, sale, development, leasing, and financing of commercial properties. Taking the time to understand the intricacies of her clients’ businesses, Jodi has particular skill representing restaurant clients in complex real estate matters. She represents a newly developed restaurant concept that is expanding into several markets.

Jodi has experience representing clients with a diverse range of commercial properties, including shopping centers, apartment complexes, and skilled nursing and assisted living facilities. She has extensive experience with 1031 exchanges, has negotiated transactions involving distressed and contaminated properties, and has navigated deals with creditor rights issues. Recognized for her talent, Jodi has been named to The Best Lawyers in America© for Real Estate Law every year since 2012.