The Regulatory Economics of Title Insurance

NELSON R. LIPSHUTZ is President of Regulatory Research Corporation of Waban, Massachusetts, an economics consulting firm which he founded in 1977. He holds degrees in theoretical physics from the University of Pennsylvania and the University of Chicago, and a degree in finance from the Wharton School. He has taught physics at Duke University and economics at Northeastern University, and served as Coordinator of industry and consumer advice to the Title Insurance Working Group of the National Association of Insurance Commissioners.

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Acknowledgments
Preface
A Preliminary Note on Terminology
Overview of Title Insurance
The Issue of Solvency
The Issue of Defalcations
The Issue of Capital Attraction
The Issue of Agency Commissions
The Issue of Title Insurance Rates
The Issue of Data Collection
The Issue of Abusive Trade Practices
The Issue of Alternatives to Title Insurance
Appendix A: NAIC Model Title Insurance Act
Appendix B: Excerpts from RESPA Regulation X
Appendix C: ALTA Uniform Financial Reporting Plan