http://online.wsj.com/public/article/SB116207548234207082-j2AsX0Jdc2GBlN_XoWjHoaMtmtI_20061108.html?mod=blogs
Title-insurance rates have come under attack this year from legislators and consumer groups, who complain that premiums are inflated. Rates are usually figured based on the loan's value, and critics say premiums have ballooned along with real-estate prices, even though the companies' costs haven't increased dramatically. Industry-wide, less than 5% of operating revenue is paid out as losses, according to A.M. Best, which rates insurers. Industry insiders contend that title insurers may have smaller losses than other types of insurers, but their other expenses can be higher.
Wow, only 5% of premium paid out in claims! You guys must be getting a big slice of that 95% that's left over, eh? ;-)
to post a reply:
login - or -
register