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Form L CHG Arizona Department of Insurance Azinsurance

Form L CHG Arizona Department of Insurance Azinsurance

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hi in this session we're going to be talking about title insurance and as a prelude to title insurance let's talk about the Chicago Fire of 1871 because back in Chicago there was a company known as reason rucker before the fire they did a lot of real estate transactions and had a lot of records relating to these real estate transactions but in the Chicago Fire their land agency burned down and all their records with it so what were they going to do how are they going to stay in business well they were so familiar with the land business in and around the Chicago area that they decided to kind of invent title insurance so they went ahead and promised people in future transactions that if a problem arose if a claim came up against the title that they would insure them against loss and that was the birth of title insurance and you know what they called the company they called it Chicago title and Chicago title today is still one of the biggest title insurance companies in the United State

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