On September 9, 2025 the California Insurance Commissioner was appointed statutory Conservator (the "Conservator") of Real Advantage Title Insurance Company ("RATIC") by order of the Orange County Superior Court (the "Court"). This action was initiated in order to protect policyholders, claimants, creditors and the public from further harm which might be caused by RATIC's continued operation. The Commissioner is responsible to determine whether the company can be rehabilitated and continue to operate as a financially stable insurance company.
RATIC: Frequently Asked Questions
Q. Why did I receive this notice?
A. You have been identified as a policyholder, claimant, or creditor of RATIC and therefore, in accordance with the entry of the Court's conservation order, you have received this notice to inform you of the formal conservation of RATIC.
Other possible stakeholders or parties in interest: Reinsurers, Agents, Brokers, Vendors to RATIC, or Attorneys.
Q. What is happening to RATIC and my RATIC Policy?
A. RATIC was conserved by the California Insurance Commissioner because the company was found to be financially impaired and operating in a hazardous financial condition. The Commissioner was appointed statutory conservator of RATIC to preserve and protect the assets of the company for the benefit of policyholders, claimants, creditors and shareholders.
During the conservation, RATIC will continue to honor your policy coverage and benefits.
Q. Will my insurance claim payments continue to be paid?
A. Yes, claims will continue to be adjusted and paid as long as the policy was in force at the time of loss.
Q. Do I need to do anything with my policy?
A. No. Your policy coverage will remain in-force during the conservation.
Q. Who do I call if I have additional questions?
A. If you have a Real Advantage claim or for general inquiries regarding the conservation proceeding, please contact RATIC at Claims@ratic.com. Additional information may be found on the CLO website at: www.caclo.org/RealAdvantage.
Q. I am not a policyholder. I am a creditor. What does this conservation mean for me?
A. If you are a creditor and or vendor to RATIC, the Conservator will work to marshal and preserve company assets for the benefit of all constituents to the impaired insurance company. Over the next number of weeks, the Conservator will be determining the essential services necessary to properly address the requirements of the conservation.
Q: What happened to make RATIC impaired?
A: The main driver for the financial impairment is worse than anticipated losses. These continuing losses to capital and surplus caused the company to be operating in a hazardous financial condition which formed the grounds for conservation pursuant to CIC 1011. The reported policyholders' surplus on their June 30, 2025 financial statement was a negative $1.1 million. The minimum required surplus is $1.6 million.
