2007 title insurance premiums near 5-year low

Last year may have been the worst since 2002 for title insurers, who will need to reduce costs and contain losses to firm up their bottom lines as premium volumes fall.

That's according to a new report from Demotech Inc. analyzing the title industry's third-quarter results. The quarterly update showed net income for the year down 25 percent at the end of the third quarter, and Demotech projects direct premiums written will total $14.5 billion for the year, the lowest level in five years.

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