Bulletin: NY000720

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Bulletin: NY000720

Bulletin Document
Date: May 13, 2025
To: All New York State Agents, Office Counsel, and Managers
RE: STIC Merger With STGC and Requests for Policy Approval

On May 1, 2025, Stewart Title Insurance Company merged with our parent company, Stewart Title Guaranty Company (STGC).  Each of our offices and policy-issuing agents can expect to receive the same exceptional underwriting services from our team.  All policy forms, endorsements, amendments, updates, agents and authorization letters will be issued by, or in the name of, STGC.  Please be sure that all affidavits and escrow agreements all make reference to STGC.

As a part of our merger, we are updating our requests for policy approval and shifting to using an internal underwriting function within Stewart Connect, our proprietary underwriting platform, to process all requests for policy approval.  All requests for policy approval must still be accompanied by the Policy Approval Request form (which forms remain the same) and sent to HighLiPolicy@Stewart.com.  You can also send requests for policy approval to PolicyApprovalRequest@Stewart.com.  Reinsurance requests are no longer needed.  You will no longer receive an automated e-mail when the file is assigned, but you should receive an acknowledgment from the underwriting counsel assigned to the file within 48 hours.  Once approved, you will receive an e-mail reflecting your approval and any conditions from our Stewart Underwriting Team at StewartConnectAdminUnderwitingTeam@Stewart.com.  Please be sure that this e-mail address has been added to your approved contacts.

Please also be sure to review our Bulletin NY000718 2025 Reminder Bulletin for an overview on matters that constitute extra-hazardous risks and require requests for policy approval.  In addition, please be sure to include pro forma policies with your requests for policy approval.  Since the updated TIRSA Rate Manual went into effect on October 1, 2024, we cannot provide affirmative coverage in the Schedule B of title policies or outside of an approved endorsement.

If you have any questions, please contact the Stewart Title Legal Department at (212) 922-0050 and speak with any Underwriting Counsel or your Agency Services Representative.

Forms: Policy Approval Form STG NY PDF; Policy Approval Form STG NY WORD

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:
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None
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