Title premiums down 25% in Q1

Decline less severe than last year

Title insurance premiums slipped for the 12th consecutive quarter in the first three months of 2009, but the rate of decline has slowed, the American Land Title Association said in releasing industry statistics.

Title insurers wrote $1.98 billion in premiums during the first quarter of 2009, compared to $2.64 billion in premiums during the same period a year ago, ALTA said. The 25 percent year-over-year decline was less drastic than the 34 percent drop in the final three months of 2008 and all other quarters last year.