News Brief: June 2024

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News Brief

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Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to a new independent analysis conducted by global consulting and actuarial firm Milliman.

ALTA | Read the Article >

Inflation Impacts Title Insurance, But Coverage Cost Stays Low Expenses to fix title issues increase, but the cost of coverage is down since 2004.

By: Katie Jensen, National Mortgage Professional | Read the Article >

Misguided Attacks On Title Insurance Could Have Grave Consequences

Fannie Mae’s recently-scrapped title waiver pilot program and recent expanded acceptance of unregulated attorney opinion letters in lieu of title insurance on certain loans are evidence of the reality that government regulators have gaping misconceptions about what title insurance entails and the risks involved with alternatives.

By: Ike Brannon, Forbes | Read the Article >

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AI’s Rising Tide Has Potential to Transform Commercial Real Estate

AI-powered tools can analyze space usage patterns, predict future space needs, and optimize collaboration layouts, potentially leading to significant cost savings and increased efficiency for businesses.

By: Petra Durnin, Commercial Observer | Read the Article >

Future Reflections: A look ahead with a longtime Wall Street and ex-Fed economist

Julia Coronado, keen-eyed observer of the economic landscape, shares wide-ranging insights on the economy, monetary policy, commercial real estate and more.

CBRE | Listen to the Podcast >

CRE Pricing Ticks Upward in April from Previous Month, Led by Industrial

The pace of decline in U.S. commercial property pricing decelerated in April as improvements in the industrial sector outweighed the ongoing weakness in the office market, reported MSCI Real Assets. The RCA CPPI National All-Property Index fell 2.2% from a year ago and rose 0.1% from March.

By: Paul Bubney, Connectcre | Read the Article >

First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2024 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF
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Commercial Sector
JUNE 2024

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