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Profitability and Risk in the Title Insurance Industry. The Texas Experience

Jerry D. Todd and Richard W. McEnally
The Journal of Risk and Insurance
Vol. 41, No. 3 (Sep., 1974), pp. 415-433
DOI: 10.2307/252044
Stable URL: http://www.jstor.org/stable/252044
Page Count: 19
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Profitability and Risk in the Title Insurance Industry. The Texas Experience
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Abstract

The effectiveness of rate regulation in the title insurance business is tested by an examination of the profitability of the industry over a period of time to determine if rates promulgated had produced adequate but not excessive profits. Profitability on assets invested in the business proved to be rather low. An examination of the investment risk faced by the industry provided a measure of the appropriateness of a given level of profitability. Trends in revenues, expenses, losses, and profits were examined, with indications that most are quite volatile over time and have effects upon each other that further magnify this volatility, thus implying a fairly high risk for assets invested in this business.

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