Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 12/20/17
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Regulation Without Representation for the Title Insurance Industry in New York
Insurance Journal - Financial Services Superintendent Maria T. Vullo has announced the 10 appointees who will serve on the newly formed Department of Financial Services (DFS) State Insurance Advisory Board

NY Lawmakers Push to Delay Title Insurance Regs
New York Law Journal - A trio of New York lawmakers has asked the Department of Financial Services for a six-month delay on title insurance regulations slated to go into effect Monday.

Tax Reform Impacts Housing and Consumer Sentiment
MReport - The University of Michigan will release its monthly Consumer Sentiment data for December on Friday, December 22, 2017—reporting that the largest decline in long-term economic consumer sentiment was recorded among those who reflected their concerns about the proposed tax reform.

Pending tax reform, prepaying 2018 real estate taxes could benefit Illinois individual taxpayers
JD Supra - In light of the tax reform bill pending in Congress, individuals throughout Illinois should give strong consideration to prepaying 2018 real estate taxes now to receive the largest possible benefit on their 2017 tax returns.

The Winners of Connect Media's 2017 annual Women in Real Estate Awards
Connect Media - We chose 40 inspirational women who have played important roles in our industry — because of their talent, drive and fresh ideas. We picked these winners from more than 450 nominations sent in by our readers from all parts of the country and from all sectors of the commercial real estate industry.

City cashing in by selling streets, sidewalks to private owners
New York Post- The city is literally selling itself. Public streets and sidewalks are routinely sold to institutions and deep-pocketed real estate interests in a little-known practice that takes them off the official City Map and transforms them into private property. 

Real Property, Financial Services, & Title Insurance Update: Weeks Ending December 1 & 8, 2017
Carlton Fields -
Real Property Update:
Foreclosure/Errors in Legal Description
Foreclosure/Certification of Possession of Original Note
Financial Services Update:
Title Insurance Update:
Marketability of Title/Encumbrances
Good Faith and Fair Dealing
Date of Loss/Calculation of Loss
Title Agent’s Tort Liability
Legal News
Texas Landowners Take the Wind Out of Their Sales
KUT 90.5 Austin's NPR Station - Trey Murphy is a grad student in North Carolina, but he has dreams of owning land in West Texas. A few months ago, he was looking at real estate online and came across something strange.

Group Continues Fight for McGregor Lake Access
Daily Inter Lake - The dispute’s seeds were sown in 1926, when the Northern Pacific Railway deeded the easement to Flathead County for a road. It served as part of U.S. 2 until that highway shifted to its current alignment in the 1960s.
Maryland Insurance Administration issues bulletin on the Prohibition of Rebates, Discounts, and Inducements
Maryland Insurance Administration - It has come to the attention of the Maryland Insurance Administration ("MIA") that title insurance producers are offering consumers free home warranties or other things of value as an inducement for the purchase of a title insurance policy.

Tech / Social Media
Why 2018 Will Belong to Cloud, AI, Blockchain - Digital disruption is leaving no industry untouched, irrespective of geography. Digital disruptors and cloud natives are radically transforming business models. 

Prominent Law Firm Aird & Berlis LLP Picks Diligen to Modernize the Practice of Law Through AI
Markets Insider - Diligen is a contract assistant powered by AI that provides high quality contract review to help lawyers stay one step ahead in a time-sensitive, highly competitive legal marketplace. Using machine learning, Diligen cuts contract review time in half by streamlining the end-to-end process of sorting documents, summarizing contracts, and spotting critical provisions.

Propy, A Blockchain Real Estate Startup, Could Change How You Buy Property
Bezinga - Here’s the scenario: You're a newly minted bitcoinaire after the cryptocurrency's dramatic run-up, and now you want to diversify your cryptoassets .

In Other News
The creep of The Nutcracker
The Week - Now that the holidays are upon us and the productions of The Nutcracker ballet are coming hard and fast, it's time to ask that age old question: What the hell is going on with Godfather Drosselmeyer?

Amtrak’s new app makes it easier to navigate through Penn Station
Curbed New York - Even for the most veteran traveler, New York City’s Penn Station can be a confusing place to navigate. Finding your way through the maze of tunnels to the various transit ways isn’t the most intuitive and its less-than-pretty decor only adds to the stress of it all. But help is here.

Since 1700, Wine Glasses Have Gotten 7 Times Bigger
Atlas Obscura - We tend to think of our ancestors as hard drinkers. It’s fair, considering that for centuries booze was safer to drink than water. But according to a British study published Wednesday, drinking, especially wine, is actually on the rise—and the way a wine glass’s size has grown over time might have something to do with it.

The Small Appalachian City That’s Thriving
CityLab - Roanoke, Virginia, has become what many cities of its size, geography, and history want to be. It started by bringing housing to a deserted downtown.

How 2 Math Grads are Disrupting the Auto Insurance Industry
EverQuote - For a long time, there was no easy way to compare quotes from all of these huge car insurance companies. You had to check one site, then jump to another and enter all of your information all over again. Drivers were stuck doing all the work to save money. Now, all that is changing.

Title Agents Go Nationwide
For agents interested in growing their businesses by expanding into multiple states, we’re here to make the process simple and profitable. We offer you one point of contact to streamline your options and solutions.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group