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The Title Insurance Industry

The title insurance industry involves those companies involved in underwriting insurance to help protect the owners of real estate and the lenders of money for real estate against the potential loss of title. Most of the problems with title insurance are a result of earlier problems caused by disputes and fraud. The American Land Title Association was established to provide a voice for the companies in the title insurance industry.

Trends in the Industry

Companies in the industry were trying to use technology and artificial intelligence systems to streamline the process but ran into problems because of nature of the work. The industry has seen a lot of business from the growing foreclosure industry because they have to track the history of the title and make sure that when foreclosures are sold, the title is clear to be given to the purchase of the property. Title insurance companies in West Palm Beach are seeing a lot of business because of all of the foreclosures.


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