2013 Title Premium Volume Increases 11.5 Percent
|March 25, 2014|
Title insurance premium volume written in 2013 increased 11.5 percent compared to 2012, according to ALTA’s preliminary 2013 Year-end and Fourth-Quarter Market Share Analysis.
The title insurance industry generated $12.7 billion in title insurance premiums in 2013. During the fourth quarter of 2013, the industry reported $3 billion in title insurance premiums, down slightly when compared the same quarter the previous year.
“The title insurance industry continued to strengthen over the past year as the housing market maintained its recovery in 2013,” said Michelle Korsmo, ALTA’s chief executive officer. “Overall, 47 states and the District of Columbia reported increases in title insurance premiums written during 2013 when compared to 2012.”
Market Share Stats
States Generating Most Title Insurance Premium in 2013