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Fitch’s Glombicki analyzes the big four
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Industry News, Market Data
Tuesday, August 12, 2014
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Title insurers in the U.S. reported a meaningful reduction in first half 2014 profits versus the prior year. The decline is because of a weak first quarter with negative effects from severe winter weather on economic activity and higher interest rates on mortgage refinancing volume. Favorably, commercial activity remains robust, although unlikely to fully offset other unfavorable trends.
The title insurance industry is dominated by four large publicly traded companies: Fidelity National Financial (Fidelity), First American Financial Corp. (First American), Old Republic International (Old Republic) and Stewart Information Services Corp (Stewart).
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