Abstracters and title agents nationwide have long been troubled by recurring errors and omissions insurance problems due to abrupt market changes. Dramatic swings in prices and availability led the American Land Title Association (ALTA) to look for a better alternative that would bring long-term stability for title professionals seeking E&O coverage. After considering several different approaches, ALTA leaders decided that the most effective solution would be to create TIAC, an independent risk retention group wholly owned by members of the Association. TIAC issued its first policy in June of 1988 and has been continuing to insure more and more title professionals since that time.