Title premiums show annual growth

Smaller underwriters, regional companies pick up market share

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Title insurance premiums increased 1.4 percent from a year ago during the third quarter, the first year-over-year growth in more than three years, the American Land Title Association reported.

ALTA’s preliminary Third-Quarter Market Share Report showed the title insurance industry generating $2.51 billion in premiums during the quarter ending Sept. 30, with revenue increasing in 32 of 50 states compared to a year ago. It was the first year-over-year increase for the industry as a whole following 13 consecutive quarters of declines, the group said.