Title Insurance. See this article from Forbes magazine: http://www.forbes.com/forbes/2006/1113/148.html http://www.forbes.com/forbes/2006/1113/148.html Summar

Title Insurance. See this article from Forbes magazine: http://www.forbes.com/forbes/2006/1113/148.html http://www.forbes.com/forbes/2006/1113/148.html Summary: Fancy this: racetracks that keep 93% of your money and return only 5% in winning tickets. They wouldn't last long, not unless they could somehow rig the rules to both forbid price competition and make the purchase of race bets mandatory. That's more or less what the title insurance industry has done to American homeowners.