Texas Judges Recommend 2.66 Percent Rate Increase

December 30, 2009

The State Office of Administrative Hearings (SOAH) judges, who heard the 2008 Biennial Rate Case in September, have issued their proposal for decision to the Commissioner of Insurance, according to the Texas Land Title Association (TLTA).

The judges recommended a 2.66 percent increase in the basic premium rates for title insurance in Texas. Their proposal includes the judges’ underlying rationale including their analysis of all the parties’ recommendations. The Texas Department of Insurance had recommended no change to the rates, the Office of Public Insurance recommended a 9.6 percent rate decrease and TLTA recommended a 13.3 percent rate increase.

The recommendation has been sent to Texas Department of Insurance Commissioner Mike Geeslin, who will consider it and render a final decision.

Contact ALTA at 202-296-3671 or communications@alta.org.

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.