Effects of market concentration on U.S. title insurance premiums

  1. Fátima Antelo 1
  1. 1 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Actas:
X Workshop de Jóvenes Investigadores en Economía y Empresa WJI: Programa y colección de abstracts

Editorial: Facultad de Empresa y Gestión Pública / Cámara de Comercio de Huesca

Año de publicación: 2023

Páginas: 48

Congreso: X Workshop de Jóvenes Investigadores en Economía y Empresa WJI (10º. 2023. Huesca)

Tipo: Aportación congreso

GOOGLE SCHOLAR lock_openAcceso abierto editor

Resumen

This paper explores how title insurance is priced and, more specifically who holds a higher say in that. Firstly, it analyses who, insurers or lawyers, have a greater impact on title insurance premiums. Secondly, focusing on title insurers, it tests whether an increase in the title insurers’ market concentration levels increases title insurance premiums relaying on a natural experiment, the bankruptcy of Land America −a major title insurer− and its merger with Fidelity National in 2008. Results suggest the hypothesis holds, as it confirms that increased concentration in title insurance led to an increase in premiums.