Closing Protection Letters for Title Insurance: Risk of Loss Issues; Due Diligence; Scope of Liability; Enforcement
Key Provisions, Pitfalls to Avoid, Latest Developments
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide real estate counsel with practical guidance for structuring closing protection letters (CPLs) for title insurance. The panel will address the latest developments and trends in CPLs. The panel will also identify key provisions to be included in CPLs and drafting pitfalls to avoid.
Outline
- Overview
- Risk of loss issues
- ALTA form
- Insurance issues
- Enforcement issues
- Scope of liability and measure of damages
- Best practices and practical strategies
- Conclusion
Benefits
The panel will review these and other high priority issues:
- What are the latest trends and developments in CPLs?
- What are the most important provisions to include?
- What due diligence is necessary?
- What do recent cases and opinions say about best practices for drafting CPLs?
- What are the critical loss issues?
Faculty
Michael R. O'Donnell
Partner
Riker Danzig
Mr. O’Donnell has represented every major title insurer including Chicago Title Insurance Co., First American... | Read More
Mr. O’Donnell has represented every major title insurer including Chicago Title Insurance Co., First American Title Insurance Co., Fidelity National Title Insurance Co., Old Republic National Title Insurance Co., Stewart Title Guaranty Company, Westcor Land Title Insurance Co., and New Jersey Title Insurance Co., as well as their insureds. He has served as coverage counsel for title underwriters on numerous wide-ranging real estate frauds, some of which losses exceeded $45 million.
Close
Steve Zablocki
Underwriting Counsel
First American Title Insurance Company
Mr. Zablocki provides underwriting support, counsel, and authorization to company personnel, agents, and customer(s),... | Read More
Mr. Zablocki provides underwriting support, counsel, and authorization to company personnel, agents, and customer(s), related to the issuance of real estate title insurance commitments and policies. He utilizes underwriting standards and guidelines within delegated authority limits to underwrite the issuance of title insurance. Mr. Zablocki also provides guidance to company personnel in the performance of real estate settlement services. In addition, he prepares and presents training and educational manuals and programs to further agents training and education.
Close