An article in yesterday's Wall Street Journal by James Hagerty (you can read it here) reviews the current state of the title insurance industry.Hagerty's article discusses several reform proposals, including the possibility of federal regulation of the industry under the Obama Administration's proposed Consumer Financial Protection Agency (currently, title insurance is regulated primarily at the state level).
The American Land Title Association (ALTA), a trade group for the title insurance industry, summarizes the history and purpose of title insurance on its website, at www.alta.org/about/TitleInsuranceOverview.pdf.
