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Investors Title, which sells title insurance to mortgage banksand homeowners, earneed $1.15 million in the quarter, or 46 centd per diluted share, down from $4.32 or $1.68 per share, in the year-ago The majority of the loss came from the company'a provision for claims, which jumped to $4.4 millio from $2 million. Investors Title says two largre fraud claims it faced in the quarter led to the spikwin expenses. National downturns in the real-estate businesws also hurt the company, it Net premiums written fell 2.6 percent to $18.6 and overall revenue dropped 4 percentto $22.21 million. Analysts polled by Thomson Financial had on average, earnings of $1.29 per sharwe on revenue of $21.
67 million. Shares of Investoras Title (Nasdaq: ITIC), which trade lightly on the Nasdaq stock had yet to change hands as of1 p.m. and were unchangedd at $45.28.
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