Written Title Insurance Premiums Rose in 2011 First Quarter

Although the current conditions of the housing market may seem dismal, the title insurance industry continues to thrive. American Land Title Association (ALTA) reports an 8.7% increase in new premiums written in the first quarter of 2011 over the first quarter of 2010. ALTA CEO, Kurt Pfotenhauer, “believes the title industry remains in a strong financial position, with operating losses narrowing to $11 million in the first quarter from a loss of $124 million during the same three months of 2010. The industry has $8.3 billion in assets and more than $4.75 billion in statutory reserves”. http://bit.ly/k2UY5N

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