The title industry generated $4.3 billion in title premiums during Q3 2024, a 5.3% annual increase, despite challenges from high interest rates and housing supply constraints.
Even with a rise in premiums, claims paid were up to $502.9 million, revealing a growing strain on the title industry as high claims outpace premium gains.
Overall, the title industry's net operating gain fell by 17.6% to $199.2 million, indicating increasing expenses even as operating income rose 4.7%.
The five states with the highest premium volumes consistently held their positions, with Texas leading at $622 million and California showing the largest volume increase.
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