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Last, it is difficult, if not impossible to write about abstract plants and abstracting of land titles, and at the same time ignore title insurance; particularly for a man whose background and experience has been primarily in that field. Besides, a grave injustice would be done many readers if I failed to comment on the anomalous position which the abstracter and the owner of the abstract plan and business find themselves today.
Since about 1908, the abstract business has been engaged in a vigorous, sometimes bitter competition with title insurance. To many this has seemed a struggle for survival. In more populous counties such as Bexar, Dallas and Harris, and possibly Tarrant, title insurance has largely prevailed. In at least three of those counties it is estimated that about 95% of the real estate transactions closed on any title evidence are closed under the protection of title insurance." .........
......"To complicate the problem of the abstract plant owner and the abstracter-agent, we find ourselves well in the midst of a movement by lawyers to enter the filed of title insurance, both at the level of the abstracter-agent, and that of the underwriter, even before the transition from the abstract business to the title insurance is fully accomplished. But that complication is one beyond the scope of this book."
Frank A. Stamper
"A Handbook for Texas Abstracters and TItle Men"
This Content Originally Published by a land surveyor to Land Surveyors United Network