Fitch Ratings has changed its outlook on the title-insurance industry from negative to stable, saying the current ratings of these companies reflect the weakened state of the companies.
While a Moody’s report indicates a negative medium-term outlook for title insurers, a Keefe, Bruyette & Woods analysis suggests 2011 first-quarter results for title insurers may not be as challenging as initially thought.
While a Moody’s report indicates a negative medium-term outlook for title insurers, a Keefe, Bruyette & Woods analysis suggests 2011 first-quarter results for title insurers may not be as challenging as initially thought.
Title insurers remain affected by the economy and housing struggles, and there is no clear catalyst for change in the near term, according to a Fitch Ratings outlook on the title insurance industry.
The president of a defunct New York title insurance company was arrested today on charges he misappropriated up to $5 million in client and escrow monies, federal and state authorities announced.
New York-based Keefe, Bruyette & Woods said its estimate involves a cautious approach as to whether mortgage application levels actually translate into higher closed volumes given current
The title industry's 2007 combined ratio, at 100.6, became unprofitable for the first time in 17 years, with the industry experiencing an $84.5 million underwriting loss, A.M. Best Co. said in a repor
Best said the surplus decline was due to a significant increase in nonadmitted intercompany receivable and goodwill resulting from the carrier's intended plan to spin off its financial services compan
Fitch Ratings, in its report on the sector yesterday, said title insurers' operating results were continuing to deteriorate at the close of the third quarter, showing no near-term relief from the curr