Industry News

Audit discovers $4.5 million missing from title insurer’s accounts

Underwriter sues Guaranty Title after bank freezes assets
Published on Jul 2, 2007

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by CareyBot

The underwriter of a Missouri-based title insurer claims $4.5 million is missing from the company’s accounts, after a scheme to conceal shortages by transferring money between at least 49 bank accounts went awry. The allegations against Nixa, Mo.-based Guaranty Title ...