|Copyright:||(c) 2010 A.M. Best Company, Inc.|
|Source:||A.M. Best Company, Inc.|
The title industry’s operating results partially recovered in 2009, after reporting weak premium volumes and profitability in 2008. Although 2009 total industry written premiums declined from 2008 levels, premiums written trended upward in the third and fourth quarters from the same period of the prior year. During the first half of 2010, title insurance revenues stayed relatively unchanged from the first half in 2009—aided by federal policy and tax incentives—which helped most major underwriters post positive operating margins for the first six months of 2010.
— Still, the title industry faces a tough road ahead as the weak housing market continues to be hampered by economic and employment conditions. Sustaining the recent improvement in operating and capitalization trends will depend largely on the length and depth of those conditions.
— Results partially recovered in 2009 as reflected by the following:
— The industry posted a far smaller pretax operating loss of
— Although total operating revenue was down somewhat in 2009 (
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