NU Online News Service, June 11, 1:18 p.m. EDT
ALPS Corporation announced today that its risk retention group, Attorneys Liability Protection Society, Inc., will acquire Southern Title Insurance Corp. Financial terms were not disclosed.
ALPS, based in Missoula, Mont. said Southern Title is a Richmond, Va.-based title insurance underwriter primarily serving the southeastern United States, that generated $43 million in gross revenues and had net admitted assets of over $25 million in 2008. It said Southern Title provides services to nearly 500 independent title insurance agents.
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