Industry News

Title insurers fight downturn’s headwinds

Only two of five top companies eked out Q1 profit
Published on May 2, 2008

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by CareyBot

The five companies that control more than 90 percent of the title insurance business all saw double-digit decreases in revenue during the first quarter, and only the two biggest companies -- First American Corp. and Fidelity National Financial Inc. -- remained profitable.

Members of the big five posting losses for the quarter were LandAmerica Financial Group Inc., Stewart Information Services Corp., and Old Republic International Corp.

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