Title insurance premiums increased in all 50 states during the second quarter of 2012 compared with the same period of 2011, according to the “2012 Second-Quarter Market Share Analysis,” from American Land Title Association (ALTA). Title insurance premiums reached $2.76 billion in the second quarter, an almost 20 percent increase compared to the same quarter a year ago.
“Since the third quarter of 2009, the title insurance premiums fluctuate up and sown without a regular form,” said ARCLand Title escrow officers. “This is the second consecutive quarter that the premiums continue to increase versus the same quarter in 2011. It really shows a great improvement for the title insurance industry.”
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