Fitch Ratings Reports Title Insurance's Risk Adjusted Capital Increases Modestly in '06

July 26, 2007

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has completed its study on the U.S. title insurance industry's risk-adjusted capital (RAC) position at year-end 2006, which showed a modest increase in the RAC ratio for Fitch's aggregate title insurer universe.

The increase in the RAC ratio reflects a greater in increase in capital than aggregate risk components of Fitch's model, particularly related to expense leverage, potential adverse claims development and large policy loss exposures. While the industry remains relatively flat, Fitch notes that significant disparities among individual title insurance companies persists and will likely deepen.

For a copy of the report 'Title Insurers' Risk-Adjusted Capital Adequacy at Year-End 2006', dated July 25, 2007, please see the Fitch Ratings web site under the tab 'Financial Institutions, 'Insurance' and 'Special Reports'.

Copyright Fitch Ratings

Contact ALTA at 202-296-3671 or

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.