CATIC Launches Title Insurance Operations in New Market

Author: Lucas Young Updated: 09-10-2024 04:54 PM

CATIC Launches Title Insurance Operations in New Market

CATIC is thrilled to share its recent licensing and operational launch in Texas, marking a significant milestone for the company. As a prominent title insurance underwriter, CATIC is dedicated to offering essential services to property owners and lenders throughout this new market.

Exciting Leadership Team

In this new endeavor, CATIC welcomes two distinguished professionals to its team: Patrick Opela, the Vice President and State Manager for Texas, and Fred Schraub, Vice President and State Counsel for the region. Their extensive industry knowledge and established relationships with agents position them as ideal leaders to navigate and enhance CATIC's presence in Texas. CATIC's SVP and National Agency Manager, Kyle Rank, expressed his enthusiasm for having such seasoned experts spearheading their expansion.

Commitment to Agents

CATIC operates on a principle of exclusivity in servicing independent agents, ensuring that the company does not compete with those it serves. This commitment allows agents to thrive while enhancing the overall real estate ecosystem.

CATIC's Status in the Industry

With over five decades of experience, CATIC has become a cornerstone in the title insurance industry. They provide exceptional service to a network of independent agents across 25 states. CATIC’s sister company, CATIC Title Insurance Company, extends its reach by issuing policies in areas such as New York, New Jersey, and Pennsylvania, solidifying CATIC’s role as a leader in the market.

Strategic Goals in Texas

The establishment of operations in Texas is aligned with CATIC’s strategic objectives aimed at supporting independent agents to bolster their businesses. As CEO James M. Czapiga noted, operationalizing Texas has been a pivotal goal, enhancing CATIC's dedicated focus on fostering agent success.

Reliability and Partnerships in Title Insurance

CATIC stands as the ninth largest title insurance underwriter in the United States, recognized for its exclusive partnerships with independent agents. The company provides standard American Land Title Association (ALTA) policies along with expanded protection policies tailored for both residential and commercial properties. Currently licensed in 44 states, CATIC proudly collaborates with more than 2,400 independent agents nationwide.

Company Ratings and Market Stability

Due to its enduring reliability in the market, CATIC has achieved notable ratings from recognized agencies, including an A' from Demotech and an A- from Kroll Bond Ratings. These accolades underscore the company's stability and commitment to the title insurance sector.

Getting Involved with CATIC

Those interested in learning more about becoming an independent agent are encouraged to reach out directly to CATIC. The company continues to seek out professionals committed to excellence in the title insurance field and aims to foster beneficial partnerships across the industry.

Frequently Asked Questions

What is CATIC?

CATIC is a leading title insurance underwriter providing quality services to independent agents and the real estate community.

Who leads CATIC's new operations in Texas?

The Texas operations are led by Patrick Opela and Fred Schraub, experienced professionals in the title insurance industry.

How long has CATIC been in business?

CATIC has over 50 years of experience in the title insurance industry, building a strong reputation.

What areas does CATIC operate in?

CATIC is currently licensed in 44 states and actively operates through independent agents in 25 states.

Why does CATIC focus on independent agents?

CATIC prioritizes the success of independent agents, ensuring they can thrive without direct competition from CATIC itself.

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CATIC Launches Title Insurance Operations in New Market