Investors Title Insurance Company: The ratings reflect ITC Group excellent capitalization as evidenced by its conservative underwriting leverage ratios, which are relatively modest compared to the title industry as a whole, according to Market Watch. In 2014, the group statutory surplus level increased for the sixth straight year. ITIC, -0.03% collectively referred to as the Investors Title Company Group . The two subsidiaries are Investors Title Insurance Company and National Investors Title Insurance Company . A.M. Best also has affirmed the issuer credit rating of bbb of ITIC, which is also domiciled in Chapel Hill, NC. The outlook for all ratings remains stable. The group operating results have been consistently favorable in recent years, posting an underwriting profit in each of the past five years, and net pre-tax operating results have been solid throughout this period. As a result of these initiatives, it has incurred no material defalcation losses in the past five years. ITC Group favorable results are partly due to its efforts to carefully manage its expense structure while limiting losses, including those from agency defalcations, through comprehensive third-party insurance protection and instituting extensive safeguards in the selecting, monitoring and auditing of its title agency force and other providers.
(news.financializer.com). As
reported in the news.
Tagged under Investors Title Insurance Company, ITC Group topics.