Doma Title Insurance, Inc., (Doma) is a property and casualty insurance company that specializes in title and escrow services for the real estate industry.
Doma is part of Doma Holdings, Inc., a technology-driven company that aims to transform the home closing experience.
In this article, we will review the history, products, ratings, and benefits of Doma, as well as some information about its owner, address, phone number, careers, locations, and relation to Doma from Demon Slayer.
History of Doma Title Insurance, Inc.
Doma was founded in 1935 as Mahoning Insurance Company, one of the first captive insurance companies in the US.
The company changed its name to Doma Title Insurance, Inc. in 1986 and expanded its business to include title and escrow services for vehicles and consumer goods.
iA Financial Group, a leading Canadian financial services provider acquired Doma in 2017.
In 2020, Doma joined forces with States Title, a technology company that uses machine intelligence to streamline the title and escrow process.
In 2021, States Title rebranded as Doma Holdings, Inc., and Doma became one of its family of brands.
Doma Title Insurance, Inc. Products
Doma offers both first dollar and aggregate excess-of-loss contractual liability policies for administrator obligors that sell service, and pay claims for extended service contracts sold on vehicles or consumer goods.
Doma Title Insurance, Inc.’s products cover a wide range of risks, such as:
- mechanical breakdown
- accidental damage
- power surge
It also provides reinsurance solutions, compliance expertise, and support services to its clients.
Additionally, Doma offers commercial title and escrow services for multisite, multistate transactions through its regional commercial operations or together with its commercial title experts.
Ratings of Doma
Doma is rated “A” (Excellent) with a stable outlook by AM Best, a global credit rating agency for the insurance industry.
This rating reflects Doma’s strong balance sheet, operating performance, business profile, and enterprise risk management.
Doma has been an AM Best Financial Size Category VII company since April 2014, with over $94 million in policyholder surplus.
Doma is also SOC1® compliant, which means it adheres to the highest standards of internal controls and data security.
Benefits of Doma
It provides many benefits to its clients, such as:
- A-rated paper: Doma’s high rating by AM Best gives confidence and credibility to its clients and their customers.
- Industry knowledge: Doma has over 85 years of experience in the insurance and service contract industry, and understands the needs and challenges of its clients.
- Helpful resources: Doma provides everything required to get the products to market faster, including first-class support staff, reinsurance solutions, compliance expertise, and more.
- Lean and nimble: Doma is flexible and responsive to its client’s needs and can adapt to changing market conditions and customer demands.
Doma Title Insurance Inc Reviews
Doma has received positive reviews from its customers and partners on various platforms.
|Number of Reviews
|4.3 out of 5 stars
|professionalism, efficiency, communication, customer service
|3.8 out of 5 stars
|culture, management, work-life balance, benefits, opportunities
|3.9 out of 5 stars
|innovation, vision, teamwork, diversity, growth
Doma Title Insurance Inc. Owner
Doma is owned by iA Financial Group Industrial Alliance Insurance and Financial Services Inc., one of Canada’s largest life and health insurance companies and F&I providers.
iA Financial Group has over C$196.2 billion in assets under management and administration as of December 31, 2020.
iA Financial Group operates in Canada and the US through various subsidiaries and divisions.
Doma Title Insurance Inc Address
Doma’s headquarters are located at:
760 NW 107th Ave Suite 401 Miami, FL 33172 USA
Doma Title Insurance Inc Phone Number
Doma’s phone number is:
Doma Title Insurance Inc. Careers
Doma is always looking for talented and passionate people to join its team.
Doma offers a variety of career opportunities in different fields, such as:
- Sales and Marketing
- Underwriting and Claims
- Operations and Customer Service
- Technology and Engineering
- Finance and Accounting
- Human Resources and Legal
It provides a competitive compensation and benefits package, as well as a supportive and inclusive work environment.
Doma also encourages learning and development, innovation and creativity, and social responsibility.
To explore open positions at Doma, visit their careers page.
Doma Title Locations
Doma has more than 100 offices nationwide, as well as a virtual presence.
Doma’s locations include:
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina
To find a local office or a title agent near you, visit their contact page.
What kind of company is DOMA?
DOMA is a real estate technology company that aims to disrupt the traditional home closing process by using proprietary technology and machine intelligence.
DOMA provides title insurance, escrow, and other services related to the closing portion of a real estate transaction.
Who is the CEO of DOMA title?
The CEO of DOMA title is Max Simkoff.
He founded the company in 2016 after personally experiencing the friction and frustration of the home-buying process.
What does DOMA mean in real estate?
DOMA is an acronym for Doma Holdings, Inc., which is the name of the combined company that resulted from the merger of Doma (formerly known as States Title) and Capitol Investment Corp. V, a publicly traded special purpose acquisition company, in July 2021.
The name Doma also means “home” in several languages, reflecting the company’s vision to make home-buying experiences more simple, efficient, and affordable.
Did Doma buy the North American title?
Yes, doma bought North American Title Company (NATC), one of the largest real estate settlement organizations in the United States, in January 2019.
The acquisition expanded Doma’s network of offices and agents across 19 states and added over 1,200 industry professionals to its team.
However, in July 2021, doma sold its Midwest operations to Near North Title Group, a leading provider of title insurance and settlement services.
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