Miami, Fla. (PRWEB) April 03, 2014
Michael T. Bates, Esq., has joined North American Title Insurance Co. (NATIC) as its new Southeast Region underwriting counsel. He will handle the states of Tennessee, Alabama, Mississippi, North Carolina and South Carolina.
NATIC is currently licensed in 34 states and the District of Columbia, and is pending approval in six additional states.
Bates spent 18 years as an underwriting counsel, most recently for the Southern region of a regional title insurer. He previously worked for another title insurance company for 10 years, holding several positions, including general counsel. In 1984, Bates founded a full-service, multi-underwriter title agency and settlement operation in Nashville, Tenn., and served as its president and chief operating officer until 2002.
“Mike brings a great deal of underwriting experience to NATIC,” said John Fries, NATIC executive vice president and chief underwriting counsel. “He has the commitment to service upon which NATIC prides itself and he understands the business and needs of the agents.”
Bates is a graduate of Virginia Polytechnic Institute and State University (Virginia Tech) and has his Juris Doctorate from the University of Tennessee College of Law. He is a member of the Real Property Section of the Tennessee Bar Association, and the Real Property, Probate and Trust Section of the American Bar Association. Bates has also served in leadership positions for the Brentwood, Tenn., Board of Zoning Appeals and the Brentwood Rotary Club.
Bates is located in Maryville, Tenn., and may be reached at (865) 724-9829.
About North American Title Insurance Co. (NATIC)
North American Title Insurance Co. (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve the goal of true business success for over 50 years. NATIC conducts real estate settlement services in 35 states. NATIC earned the reputation as the “underwriter next door,” because their decision makers and associates are easy to reach and their processes are quick and straight forward. The NATIC agency application process is fast and transparent for qualified agents. NATIC has a one-hour underwriting response guarantee that is unparalleled in the industry.
NATIC is the largest capitalized company in Peer Group 2, which groups companies with capitalization between $25 million and $100 million as determined by Kroll Bond Rating Agency, Inc. NATIC is ranked 7th by The Performance of the Title Insurance Underwriters© in terms of cash or cash equivalents. North American Title Insurance Co. maintains over $82 million* in cash or invested assets. This represents over 96 percent of the company’s assets and is characteristic of the most important attribute to title protection, namely, financial responsibility.
Demotech, Inc. awarded NATIC a rating of: A' (A Prime) Unsurpassed. A.M Best rated B++ (Good). NATIC is headquartered in Miami, Fla. To learn more, visit http://www.natic.com.
*As of 12/31/2013