Title insurers back in black

Fitch issues ratings downgrades for big three

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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.