Title insurance operating results are sensitive to economic conditions, particularly when the real estate market has been stressed for several years, and agent defalcations occur on a frequent basis. Carriers issuing Title insurance policies must contend with risks that are correlated with the general economy, an imploding subprime mortgage marketplace, illiquidity in the lending community and rising delinquency rates on mortgages.
The speakers will summarize the coverage provisions associated with Title insurance, identify unique reserving issues that do not exist with traditional P&C product lines as well as present a review of the historical operating results of the Title insurance industry over the past several years.