Texas Home Loan Blog: Texas title insurers told to slash rates again

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Texas title insurers told to slash rates again

State regulators have again gone to the title companies and demanded a reduction in rates.

You see... It seems that title companies(or rather their insurance companies) pay out such a low percentage of their premiums in claims that the govenment felt that they should step in and make a change.... again!!

I think these guys make more than casinos.

Anyway, they cut the premiums by 3.2% effective Feb. 1

And is a 17% reduction since 1998.

Typical homeowners policy on a $100,000 home in 1998 was $1023 compared to today's $843

 

http://www.inman.com/hstory.aspx?ID=61617

 

 

 

2 comments • Tom Burris | Texas Mortgage Dallas Mortgage FHA • January 23 2007 02:56PM

Comments

Tom you never cease to crack me up...

Make more than casinos..........ROFL!

Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - Real Estate Market News (The Force Realty -Realtor>Estate>Probate>REO>Short Sale) over 3 years ago
It will be interesting to see if other states follow suit.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 3 years ago

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