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Stewart Title in Everett on fire
I just received a call from Mark Perez who works at Stewart Title in King County telling me that Northwest Cable News is showing film footage of a fire in progress at Stewart Title’s Snohomish County main office in Everett.
If you recall it was less than a year ago that Stewart Title Everett received a two million dollar fine by the state Insurance Commissioner for violating provisions of state law governing title insurance companies.
Update: Here are some links to follow up stories on the fire:
Seattle Times says ATF is investigating
KIRO TV reports that ATF says the fire does not look suspicious. video
Posted: June 25th, 2008 under Title and Escrow, Washington State Law.
Tags: Stewart Title Everett
About the Author: Jillayne Schlicke
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Comments
2.
Comment
from biliruben
Time June 26, 2008 at 10:38 am
Is this a repository for important docs?
Are you suggesting this is a two-fer fire? Collect on the fire insurance and also go bankrupt to avoid paying the fine?
The obviously had the ethics to do it.
3.
Comment
from Rhonda Porter
Time June 26, 2008 at 12:59 pm
I believe that they just merged offices to this site? What a mess! The news said last night that flames were shooting 30 feet high in the air.
4.
Comment
from Toby Barnett
Time June 26, 2008 at 1:35 pm
That sucks! When things could not get any worse for Stewart Title they did 
5.
Comment
from Greg Perry
Time June 26, 2008 at 1:50 pm
biliruben,
If you’ve never toured a title plant, you have no idea. You’ll never see so much paper.
I would think there were few important docs that don’t exist elsewhere (like another title plant for a different company.)
6.
Comment
from Rhonda Porter
Time June 26, 2008 at 3:08 pm
Greg, there’s also a lot of micro-film, reel to reels…and since I’m sure they did escrow and (I assuming) prepared recordings, think about the transaction/documents (original deeds, deeds of trusts) that are now MIA.
7.
Comment
from Tim
Time June 26, 2008 at 3:52 pm
Rhonda,
Bingo with the originals laying around. That is exactly what we were thinking this morning. On the way out the door this morning Lynn and I were discussing back up protocols for data and everything else–storage off site.
I just came back from dropping by the building after doing some errands and the Fire Marshall and ATF were milling around.
9.
Comment
from Rhonda Porter
Time June 26, 2008 at 4:58 pm
It’s going to impact many transactions. Hopefully everyone cooperates with getting re-signed.
10.
Comment
from Jillayne Schlicke
Time June 26, 2008 at 5:02 pm
If anyone needs to reach Stewart due to a transaction in process, I have heard that Stewart Everett staff is working out of their Bothell and SeaTac offices.
Bothell: 425-205-4500
SeaTac: 206-770-8700
1. Comment from Kary L. Krismer
Time June 26, 2008 at 9:03 am
Are you suggesting that the Insurance Commissioner torched the place?