The title insurance industry experienced a significant uptick in premium volume, reporting $4.09 billion in Q2 2024, marking a recovery from the slow start to the year.
Diane Tomb, CEO of ALTA, emphasized the industry's resilience, noting that title insurance professionals are essential in safeguarding property rights and ensuring secure real estate transactions.
Despite the increase in premium volume, claims paid rose slightly in the first half of 2024 compared to 2023, highlighting the industry's active role in risk management.
The five leading states for title insurance premiums—Texas, Florida, California, New York, and Pennsylvania—all reported increases, underscoring strong market activity across these key regions.
#title-insurance #housing-market #premium-volume #real-estate-transactions #insurance-industry-trends
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