5 Key Steps to Counter Claim Trends and Stay in Business

August 13, 2020

A strong real estate market the past several years led to a rather stable loss rate, but the current COVID-19 crisis may challenge that claims stability. Certain claims always tend to percolate and cause issues for the industry during financial downturns and underwriters are starting to raise loss provision rates in anticipation of a spike in claims spurred by current economic conditions. Read on for five safeguards title agencies can follow to help mitigate potential claims and counter the trends.

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