Title Insurers Don’t Let Crisis Go to Waste

NEW YORK CITY-Post-Lehman, the title insurance industry has moved away from market-driven risk-taking while streamlining its systems and processes.

By S.H. Spencer Compton | Updated on September 15, 2010

This story, in slightly different form, originally appeared in the New York Law Journal.

NEW YORK CITY-From the advent of real estate finance securitization in the early 1980s, through its rise and subsequent crash in 2007, the title insurance industry has grown from an approximately $1.4-billion per year industry in 1980 to an approximately $17.8-billion per year industry at its peak in 2005. The single company model selling only the pre-1980s real estate title guarantee/insurance product has grown to a parent company owning a bundle of subsidiary companies selling specialized financial services and information as well as a variety of personal property insurance products for such things as watercraft, aircraft and registered securities. Some title insurance companies even own their own banks.

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