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An Analysis of the Title Insurance Industry


  • Nyce, C.
  • Boyer, M.M.


There are numerous links, both direct and indirect, betwwen real estate markets and insurance products. One of the diract links that has been the focus of much attention recently in the US is homeowners insurance, especially in hazard prone areas. Another direct link not receiving as much attention is title insurance. This is surprising given that Fannie Mae now requires that lenders must independently verify the ratings for the title insurance firms they use with the applicable rating agency once every six months. It is the intent of this paper to provide an overview of the title insurance industry and shed new light on a product very few people truly understand. This paper present an analysis of the structure, performance and problems of the suppliers of title insurance. It also focuses on recent developments with regrads to solvency, mergers and acquisitions, entry and exit barriers, regulation, rating bureaus and competition.

Suggested Citation

  • Nyce, C. & Boyer, M.M., 1998. "An Analysis of the Title Insurance Industry," Ecole des Hautes Etudes Commerciales de Montreal- 98-14, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
  • Handle: RePEc:fth:etcori:98-14

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    References listed on IDEAS

    1. Boyer, Marcel & Dionne, Georges, 1987. "The economics of road safety," Transportation Research Part B: Methodological, Elsevier, vol. 21(5), pages 413-431, October.
    2. Dionne, G. & Desjardins, D. & Laberge-Nadeau, C. & Maag, U., 1993. "Medical Conditions, Risk Exposure and Truck Drivers's Accidents: An Analysis with Count Data Regression Models," Cahiers de recherche 9321, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    3. Dionne, G & Vanasse, C, 1992. "Automobile Insurance Ratemaking in the Presence of Asymmetrical Information," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(2), pages 149-165, April-Jun.
    4. Gourieroux, Christian & Monfort, Alain & Trognon, Alain, 1984. "Pseudo Maximum Likelihood Methods: Applications to Poisson Models," Econometrica, Econometric Society, vol. 52(3), pages 701-720, May.
    5. Laberge-Nadeau, C. & Maag, U. & Desjardin, D. & Vanasse, C. & Dionne, G. & Okoe, J.M., 1995. "Medical Condition and Severity of Commercial Motor Vehicule (CMV) Drivers' Road Accidents," Papers 9515, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
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    Cited by:

    1. Benito Arruñada, 2007. "Market and institutional determinants in the regulation of conveyancers," European Journal of Law and Economics, Springer, vol. 23(2), pages 93-116, April.
    2. M. Martin Boyer & Charles M. Nyce, 2002. "Banks as Insurance Referral Agents? The Convergence of Financial Services: Evidence from the Title Insurance Industry," CIRANO Working Papers 2002s-78, CIRANO.
    3. Benito Arruñada, 2001. "The role of title insurance under recording and registration," Economics Working Papers 565, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2002.
    4. Benito Arruñada, 2009. "Property titling and conveyancing," Economics Working Papers 1177, Department of Economics and Business, Universitat Pompeu Fabra.

    More about this item



    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L8 - Industrial Organization - - Industry Studies: Services


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