Two title insurers have filed suit against real estate closing firm Dickason Law Group and its affiliated title company, alleging at least $1.6 million in shortfalls to the firm’s IOLTA account caused by “financial impropriety.”

Dickason Law closed on May 15, after the title insurers, Investors Title Insurance Co. and North American Title Insurance Co., pulled their title agency agreements with the firm and its title company, Prattus Title. Without title insurance, the firm could not issue titles and so was unable to perform real estate closings.

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