Title insurers back in black

Fitch issues ratings downgrades for big three

The refinancing boom and rising home sales during the second quarter helped slow shrinkage of title insurance premiums, which nonetheless registered their 13th consecutive quarter of year-over-year declines.

The title insurance industry generated $2.55 billion in premiums during the second quarter, down 8.1 percent from the $2.77 billion in policies written during same period a year ago, the American Land Title Association reported.