title insurance

• New York Force-Placed Insurance Inquiry to Expand to Other Coverages

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 17, 2012

  New York State regulators intend to expand their review of insurance coverages beyond force-placed insurance programs, according to Benjamin M. Lawsky, superintendent of Financial Services.

• Insurance Broker-Bank Fee Income Up 9% in 2011

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 2, 2012

  Bank holding company insurance-brokerage-fee income rose more than 9 percent last year compared to 2010, reaching record levels of close to $8 billion, according to a recent report measuring bank-insurance activity.

• Fidelity National to Sell Majority Stake in Personal-Lines Business

  By Reuters  |  December 29, 2011

  Fidelity National Financial Inc , the No. 1 U.S. property title insurer, said it will sell an 85 percent interest in its personal lines business to WT Holdings for about $119 million.

• Fitch Revises Title Insurance Outlook to Stable

  By Staff Writer  |  November 30, 2011

  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.

• Title Insurers’ Struggles Expected to Continue as NAIC Steps Up Oversight

  By Arthur D. Postal, PropertyCasualty360.com  |  November 9, 2011

  The National Association of Insurance Commissioners has decided to ramp up its oversight of title insurers.

• ARIS Pairs With Property Insurers to Provide Art Title Coverage

  By Staff Writer  |  September 8, 2011

  ARIS Title Insurance Corp., which says it is the only underwriter of title insurance for fine art and other collectibles, has partnered with several of the top insurers in the art industry, including AXA Art Insurance Corp. and Aspen Insurance Co.

• IQ: New York Costliest State for Mortgage Closing Costs

  By Staff Writer  |  August 1, 2011

  For the second year in a row, New York is the most expensive state for mortgage closing costs, according to a survey from Bankrate.com.

• WRM America Buying Flood Unit From Fidelity National For $210M

  By Staff Writer  |  July 15, 2011

  WRM America Holdings LLC, a specialty-lines property and casualty insurance and risk-management holding company, has reached a definitive agreement to acquire Fidelity National Financial’s flood and excess flood business—Fidelity National Indemnity Insurance Co. (FNII)—for $210 million.

• N.J. Advances Captive, Reinsurance Legislation

  By Caroline McDonald, PropertyCasualty360.com  |  May 10, 2010

  To promote business in the state, the New Jersey Department of Banking and Insurance said it is moving legislation for captive insurers in the state and is introducing legislation to promote growth in the reinsurance market.

• Banks Fatten On $3 Billion In Insurance Brokerage Fees In 3Q '09

  By Staff Writer  |  March 1, 2010

  Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, the highest level in the last 5 quarters, according to the data compiled by Michael White Associates LLC.