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Invasion of Privacy - Donna Grady/NC
2/9/2006 9:57:49 PM (2286 views)
Re: Invasion of Privacy - Slade Smith/OH
2/10/2006 7:38:49 PM (3326 views)

Nationwide App. Outsourcing? - NA/FL
2/9/2006 6:10:41 PM (2665 views)
Re: Nationwide App. Outsourcing? - Scott Perry/PA
2/9/2006 7:18:47 PM (3665 views)
Re: Nationwide App. Outsourcing? - NA/FL
2/10/2006 10:17:28 AM (3765 views)
Re: Nationwide App. Outsourcing? - Lisa Ramsey/TX
2/10/2006 10:21:33 AM (3595 views)
Re: Nationwide App. Outsourcing? - L ROLAND/CA
2/10/2006 12:53:21 PM (3458 views)
Re: Nationwide App. Outsourcing? - Kevin Ahern/CT
2/10/2006 1:04:52 PM (3372 views)
Re: Nationwide App. Outsourcing? - Lisa Ramsey/TX
2/12/2006 3:17:43 PM (3450 views)
Re: Nationwide App. Outsourcing? - Doug Hollowell/TX
2/14/2006 3:54:53 PM (3435 views)
Re: Nationwide App. Outsourcing? - Lisa Ramsey/TX
2/14/2006 9:07:51 PM (3333 views)
Re: Nationwide App. Outsourcing? - Kevin Ahern/CT
2/15/2006 10:08:11 AM (3437 views)
Re: Nationwide App. Outsourcing? - Robert Franco/OH
2/15/2006 10:21:22 AM (3575 views)
Re: Nationwide App. Outsourcing? - Lisa Ramsey/TX
2/15/2006 10:53:11 AM (4878 views)
Re: Nationwide App. Outsourcing? - Kevin Ahern/CT
2/15/2006 6:17:01 PM (3633 views)
Re: Nationwide App. Outsourcing? - J Nisonger/CA
2/16/2006 4:43:16 AM (3627 views)
Re: Nationwide App. Outsourcing? - Kevin Ahern/CT
2/16/2006 5:45:35 AM (3506 views)

Stewart Title of India - Ricky Farrow/FL
2/8/2006 6:54:38 PM (4081 views)
Re: Stewart Title of India - Kevin Ahern/CT
2/9/2006 5:37:27 AM (3438 views)
Re: Stewart Title of India - Lisa Ramsey/TX
2/9/2006 9:40:43 AM (3434 views)
Re: Stewart Title of India - Ellen Malloy/MO
2/9/2006 10:11:46 AM (3597 views)
Re: Stewart Title of India - David Bloys/TX
2/9/2006 10:41:53 AM (3545 views)
Re: Stewart Title of India - Kevin Ahern/CT
2/9/2006 10:47:10 AM (3426 views)
Re: Stewart Title of India - Lisa Ramsey/TX
2/9/2006 11:35:58 AM (3441 views)
Re: Stewart Title of India - Robert Franco/OH
2/9/2006 11:22:04 AM (3330 views)
Re: Stewart Title of India - Jan Forster/NC
2/9/2006 3:18:08 PM (3562 views)
Re: Stewart Title of India - David Bloys/TX
2/9/2006 6:29:01 PM (3313 views)
Re: Stewart Title of India - Lisa Ramsey/TX
2/14/2006 10:56:42 AM (3404 views)
Re: Stewart Title of India - Robert Franco/OH
2/9/2006 11:24:32 AM (3403 views)
Re: Stewart Title of India - Norean/GA
2/9/2006 4:26:21 PM (3694 views)
Re: Stewart Title of India - Kevin Ahern/CT
2/9/2006 4:46:34 PM (3302 views)
Re: Stewart Title of India - Jarrod Clabaugh/OH
2/9/2006 5:11:45 PM (3322 views)
Re: Stewart Title of India - Jan Forster/NC
2/9/2006 5:37:03 PM (3356 views)
Re: Stewart Title of India - David Bloys/TX
2/9/2006 7:01:17 PM (4857 views)
Re: Stewart Title of India - NA/FL
2/10/2006 12:17:17 PM (3417 views)
Re: Stewart Title of India - David Bloys/TX
2/10/2006 7:54:39 PM (3389 views)
Re: Stewart Title of India - Helene/GA
2/23/2006 12:24:41 AM (3218 views)
Re: Stewart Title of India - Kevin Ahern/CT
2/23/2006 8:30:44 AM (3243 views)

Error Rates - Lynn Hammett/SC
2/8/2006 3:16:43 PM (2415 views)
Re: Error Rates - George Booth/OH
2/8/2006 5:50:08 PM (4849 views)

Here is a little information in regards to your question. It is a rather broad interpretation that does not isolate the causes of errors, but which resulted in a payout.

Industry profitability

The title insurance industry is a profitable one. In 2003, according to ALTA, the industry paid out about $662 million in claims, about 4.3% percent of the $15.7 billion taken in as premiums. By comparison, the boiler insurance industry, which like title insurance requires an emphasis on inspections and risk analysis, pays 25% of its premiums in claims.

Comparing claims with premiums tells only part of the story, since, for example, title insurance companies have marketing expenses not incurred by the boiler insurance industry. But the industry's profitability is also hinted at by the repeated instances of state regulators uncovering cases where title insurers have engaged in illegal marketing tactics. Although owners are free to shop around for title insurance, many owners defer such decisions to lenders or real estate agents, and title insurance companies have sometimes used illegal tactics in marketing to those decision-makers. Illegal tactics noted in a CNN/Money article include kickbacks, free vacations, and the free use of office space and equipment. The article noted that in 2005 alone over a dozen title insurers settled with regulators for tens of millions of dollars over these practices.

Further evidence of the industry's profitability can be found by comparing the title insurance costs in the 49 states where such insurance is issued with the costs associated with the state-run Title Guaranty Program in Iowa, where title insurance is illegal. The program is run by the Iowa Finance Authority. It costs $110 for up to $500,000 in coverage in the state; after adding costs for the services of an abstractor (who does the research on the property) and the legal fees, such a title guaranty costs about $400.00, versus the $1,100.00 paid for that same home in other states (based on figures cited by the Iowa Bar Association).

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Re: Error Rates - Lynn Hammett/SC
2/8/2006 6:38:55 PM (3344 views)
Re: Error Rates - Robert Franco/OH
2/9/2006 11:42:41 AM (3358 views)
Re: Error Rates - Lynn Hammett/SC
2/9/2006 2:43:00 PM (3331 views)
Re: Error Rates - Robert Franco/OH
2/9/2006 5:01:16 PM (3266 views)

Policy Writing - George Booth/OH
2/8/2006 11:54:01 AM (2358 views)
Re: Policy Writing - Ellen Malloy/MO
2/8/2006 12:42:32 PM (3377 views)
Re: Policy Writing - George Booth/OH
2/8/2006 1:18:30 PM (3259 views)
Re: Policy Writing - George Booth/OH
2/8/2006 1:43:43 PM (3323 views)
Re: Policy Writing - Ellen Malloy/MO
2/9/2006 9:56:18 AM (3238 views)
Re: Policy Writing - Robert Franco/OH
2/9/2006 11:17:38 AM (3287 views)
Re: Policy Writing - George Booth/OH
2/9/2006 2:39:45 PM (3299 views)
Re: Policy Writing - Doug Hollowell/TX
2/14/2006 4:28:47 PM (3277 views)




Another judgement question - Lynn Hammett/SC
2/8/2006 10:53:11 AM (2446 views)
Re: Another judgement question - Lisa Ramsey/TX
2/8/2006 11:05:21 AM (3504 views)
Re: Another judgement question - Lynn Hammett/SC
2/8/2006 3:11:43 PM (3252 views)
Re: Another judgement question - Smitty Strickland/SC
2/14/2006 6:59:11 PM (3359 views)
Re: Another judgement question - Kelli Gorman/TX
2/15/2006 2:23:21 PM (3254 views)
Re: Another judgement question - Lynn Hammett/SC
2/15/2006 9:33:35 PM (3585 views)
Re: Another judgement question - Scott Perry/PA
2/16/2006 12:16:29 AM (3272 views)
Re: Another judgement question - Kevin Ahern/CT
2/16/2006 8:29:49 AM (3284 views)

Just checking - Tammy Knight/MO
2/7/2006 10:30:25 PM (2033 views)

Outrageous Copy Costs - Danielle Nelson/WI
2/7/2006 1:06:16 PM (2492 views)
Re: Outrageous Copy Costs - Matthew DeLand/NY
2/7/2006 1:31:37 PM (3604 views)
Re: Outrageous Copy Costs - Danielle Nelson/WI
2/7/2006 1:49:42 PM (3687 views)
Re: Outrageous Copy Costs - FOR ON-LINE SEARCHES ONLY - Jay Duncan/MO
2/7/2006 2:25:22 PM (5191 views)
Re: Outrageous Copy Costs - FOR ON-LINE SEARCHES ONLY - David Bloys/TX
2/7/2006 2:56:37 PM (3497 views)
Re: Outrageous Copy Costs - Patrick Scott/IL
2/7/2006 1:53:08 PM (3707 views)
Re: Outrageous Copy Costs - Danielle Nelson/WI
2/7/2006 2:53:43 PM (3469 views)
Re: Outrageous Copy Costs - Lisa Ramsey/TX
2/8/2006 10:55:57 AM (3398 views)
Re: Outrageous Copy Costs - Danielle Nelson/WI
2/8/2006 2:22:36 PM (3481 views)
Re: Outrageous Copy Costs - Lisa Ramsey/TX
2/8/2006 2:59:47 PM (3397 views)
Re: Outrageous Copy Costs - Kevin Ahern/CT
2/8/2006 5:38:56 AM (3410 views)
Re: Outrageous Copy Costs - Robert Franco/OH
2/8/2006 10:29:48 AM (3472 views)

Jay - J Nisonger/CA
2/7/2006 3:34:54 AM (3509 views)
Re: Jay - Jay Duncan/MO
2/7/2006 9:04:39 AM (3549 views)
Re: Jay - Lisa Ramsey/TX
2/7/2006 9:15:40 AM (3674 views)
Re: Jay - Lisa Ramsey/TX
2/7/2006 9:16:49 AM (3477 views)
Re: Jay - J Nisonger/CA
2/7/2006 11:09:07 AM (3456 views)
Re: Jay - Lisa Ramsey/TX
2/7/2006 11:24:44 AM (3493 views)
Re: Jay - Jay Duncan/MO
2/7/2006 2:02:55 PM (3513 views)
Re: Jay - Lisa Ramsey/TX
2/7/2006 5:27:09 PM (3557 views)
Re: Jay - Jay Duncan/MO
2/7/2006 6:15:07 PM (3588 views)

Best Company of the Month! - J Nisonger/CA
2/6/2006 12:18:40 PM (1938 views)

CONGRATULATIONS, STEELERS!!! - Scott Perry/PA
2/5/2006 10:11:45 PM (2441 views)
Re: CONGRATULATIONS, STEELERS!!! - Lisa Ramsey/TX
2/5/2006 11:38:23 PM (3367 views)
Re: CONGRATULATIONS, STEELERS!!! - Scott Perry/PA
2/6/2006 7:26:22 AM (3421 views)
Re: CONGRATULATIONS, STEELERS!!! - JENNIFER HOLZMAN/PA
2/7/2006 1:46:07 PM (3536 views)
IN HOPES OF SPRING - Deborah Manion/VA
2/7/2006 2:22:30 PM (3393 views)
Re: IN HOPES OF SPRING - Jason Sheppard/PA
2/24/2006 6:38:16 PM (3188 views)
Re: IN HOPES OF SPRING - J Nisonger/CA
2/25/2006 10:47:21 PM (3384 views)
Re: IN HOPES OF SPRING - Jason Sheppard/PA
2/27/2006 10:55:57 PM (3344 views)

Thank You Amerisearch (f/k/a) - Lisa Ramsey/TX
2/4/2006 12:16:34 PM (1999 views)

hand held scanners - Robert Breakell/CT
2/3/2006 7:05:56 PM (2353 views)
Re: hand held scanners - David Bloys/TX
2/4/2006 9:39:33 AM (3487 views)
Re: hand held scanners - Robert Breakell/CT
2/4/2006 10:11:37 AM (3377 views)
Re: hand held scanners - David Bloys/TX
2/4/2006 11:16:40 AM (3336 views)
Re: hand held scanners - Robert Franco/OH
2/4/2006 3:25:32 PM (3191 views)
Re: hand held scanners - Robert Breakell/CT
2/4/2006 7:17:16 PM (3525 views)
Re: hand held scanners - Robert Franco/OH
2/4/2006 8:16:40 PM (3437 views)
Re: hand held scanners - Lisa Ramsey/TX
2/5/2006 2:22:04 PM (3401 views)
Re: hand held scanners - Robert Franco/OH
2/5/2006 5:27:22 PM (3450 views)
Re: hand held scanners - J Nisonger/CA
2/6/2006 12:14:51 PM (3330 views)

Feedback/Company Reviews - Robert Franco/OH
2/3/2006 11:12:38 AM (1896 views)

USA Map - Smitty Strickland/SC
2/2/2006 6:41:35 PM (2455 views)
Re: USA Map - Robert Franco/OH
2/2/2006 7:57:42 PM (3476 views)
Re: USA Map - Jay Duncan/MO
2/3/2006 8:20:31 AM (3254 views)
Re: USA Map - Lisa Ramsey/TX
2/3/2006 10:29:51 AM (3299 views)
Re: USA Map - Robert Franco/OH
2/3/2006 10:55:08 AM (3218 views)
Re: USA Map - Jay Duncan/MO
2/3/2006 11:01:31 AM (3118 views)
Re: USA Map - Smitty Strickland/SC
2/4/2006 5:31:36 PM (3258 views)


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