The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).
"With title insurance premium volume dependent on mortgage origination volume, all 50 states and the District of Columbia showed first-quarter premiums written increasing 27.5%, compared to the first quarter of the previous year," said Diane Tomb, ALTA’s chief executive officer. "While the COVID-19 pandemic has shifted consumer demand in housing, origination volume in the first-quarter continued to hover near historic levels."
