Old Republic Boosts Risk Limit

Old Republic Title, Minneapolis, has increased its single-risk limit for commercial properties to $100 million, where permitted by state law.Rande Yeager, the company's president and chief executive, said the increased limit "positions Old Republic Title as a more versatile competitor within the commercial market. Being able to assume a higher risk liability offers benefits to both commercial title agents and lenders. Title agents can save a significant amount of time and money by avoiding the need for additional reinsurance coverage; lenders have the benefit of working with one of the highest-rated underwriters for their larger commercial deals." When a transaction's price is higher than an underwriter's single-risk limit, there is a need to seek reinsurance through another carrier, adding fees and extending the processing time.