In 2006, all title insurance underwriters doing business in New Jersey entered into an Inter-Underwriting Indemnification Agreement. The agreement's purpose was to streamline the indemnity process between underwriters for specific issues and eliminated the need for a formal letter.

Prior to title insurance, purchasing real estate was a riskier venture. Buyers assumed the land was free of any title rights, interests, or liens that would interfere with their claim once the transaction was complete. The risk of losing property due to unresolved issues was significant.