Bulletin: NY000520

Date:
January 29, 2013
To:
All New York State Agents, Office Counsel and Managers
RE:
Bogus Email Requesting Wire Instructions

We have been advised of emails that appear to be sent from underwriters directly to their agents, asking the agent to "CONFIRM YOUR WIRE INSTRUCTIONS WITH US." The email asks for the agent's wiring instructions to be sent to an email address purportedly from the underwriter. 

We have been advised that this is a fraudulent email and may contain computer viruses in the link and/or the attachment. 

Stewart has not sent the email described above. 

If you receive this email or one like it from Stewart, please do not click on any links or open any attachments, and please delete the email.

In the event you have any questions, kindly contact Stewart Title Legal Services for guidance at 212-922-0050.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
SA2013003 SPECIAL ALERT - Bogus Email Requesting Wire Instructions
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None