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 report.

And the Oldwick, N.J.-based insurance rating firm said the deterioration in the title industry's revenues and profitability in 2007 and the first half of 2008 is likely to be accelerating in the second half of 2008.

Best said title insurers are struggling with the significant slowdown in the housing market and increased claims activity from higher home foreclosures.

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