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 www.fitchratings.com under the tab 'Financial Institutions, 'Insurance' and 'Special Reports'.

Copyright Fitch Ratings


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