Industry News
July 19, 2011
Disapproval Recommendation on Abstractor's Liability
A resolution to create abstractor’s liability for title companies received a “Disapprove” recommendation from the Conference of California Bar Associations (CCBA). The CLTA actively opposed the resolution. In its reasons for disapproval the Conference states that it “would undermine necessary protocol in the insurance industry, the legislative scheme clarifying it, and explanatory case law enabling title insurers to underwrite the risk and quote a premium for the title policy.” The CCBA recognized that the resolution exposes the title industry to undefined liability before the terms of the policy can be determined and issued.
The CCBA is the successor to the State Bar Conference of Delegates and meets in conjunction with the State Bar annual meeting. Resolutions passed by the conference are prioritized by the CCBA board and either placed with their lobbyist or returned to the sponsoring bar organization for lobbying with the coordination and assistance of the CCBA.
