Conveyancing Liability Solutions Limited (CLS) is pleased to announce the launch of TitleChecker®, an innovative new title interrogation report that examines Land Registry records and the relevant sections of the CML Handbook Part 1 and Part 2. TitleChecker® automates the task of reviewing a title and produces a report to identify elements that require attention or further investigation, in a clear and digestible format.
Well done to First Title Insurance for taking the plunge and entering the professional indemnity insurance (PII) market for solicitors. I say this not because the company is a Legal Futures Associate, but because there has been considerable doom and gloom about the prospect of new entrants to the market in the wake of the Solicitors Regulation Authority’s decision to hold off abolishing the assigned risks pool until 2013. First Title is an interesting insurer because of its role in offering title insurance, which has always struck me as rather appealing for solicitors.
The Council of Mortgage Lenders is investigating the case for making title insurance compulsory for all conveyancing transactions, it has emerged, as a Law Society committee said it should be looked at as a way to reduce solicitors’ professional indemnity insurance premiums.