Title Insurance Premiums Written Rise Slightly in 2010

March 24, 2011

Title insurance premiums increased slightly in 2010 compared to the previous year, according to the American Land Title Association’s preliminary 2010 Year-end and Fourth-Quarter Market Share Analysis.

According to the report, the title insurance industry generated $9.61 billion in title insurance premiums in 2010, up 0.2 percent from 2009. During the fourth quarter of 2010, the industry reported $2.7 billion in title insurance premiums, up 7.6 percent from the same period in 2009.

The states generating the most title insurance premiums during 2010 were California ($1.41 billion, down 6.3 percent compared to 2009), Texas ($1.06 billion, up 4.6 percent), Florida ($705.6 million, up 0.8 percent), New York ($664.4 million, up 13.5 percent) and Pennsylvania ($429.2 million, down 3.8 percent). Overall, 22 states and the District of Columbia reported increases in title insurance premiums written during 2010 when compared to 2009. D.C. experienced a 34.7 percent jump in title insurance premiums written during 2010 versus the same period a year ago, while Colorado reported a 19.6 percent spike.

During the fourth quarter of 2010, 31 states reported increases in title insurance premium written compared to the fourth quarter of 2009. Among the 10 states with the largest volume of title insurance premium written, only two (Arizona and Virginia) reported a decrease.

In terms of market share, the Fidelity Family of title insurance underwriters captured 37.8 percent of the market in 2010, the First American Family garnered 26.7 percent, the Stewart Family had 13.7 percent and the Old Republic Family recorded 11 percent. Meanwhile, regional underwriters picked up 2.6 percent of the market during 2010, led by National Title Insurance of New York, which now has a 3.1 percent market share.

ALTA expects to release its first-quarter 2011 Market Share Analysis around June 1.


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

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.