Texas title insurers told to slash rates again
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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
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Comment by Anonymous — February 26, 2007 @ 12:25 am