Title insurers fight downturn's headwinds

Only two of five top companies eked out Q1 profit

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.