New Jersey Title Insurance Company (NJTIC) announced that it had instructed its agents that no new title commitments were to be issued after the close of business on Wednesday, July 27, 2011. This action was taken after consultation with the New Jersey Department of Banking and Insurance. The Department ordered the halt in new commitments in order to allow the Company to focus on the resolution of claims it had received in recent months.

NJTIC President, Carl Samson, expressed disappointment that the cessation in new business was mandated. However, he expressed optimism that the Company would be able to manage a successful rehabilitation.

The Parsippany, New Jersey based title insurance underwriter has agents in New Jersey, New York and Pennsylvania.

CATIC Financial, Inc.

CATIC Financial, Inc. is the holding company for CATIC^®, New England's largest domestic and only Bar-Related^® title insurance underwriter. CATIC has seven offices throughout New England and issues its policies through a network of more than 3,000 attorney agents. Through an affiliate, the Company also provides services in connection with tax-deferred exchanges of like-kind property.

Return to Top