Title insurers drop demand shielded them from actions brought due to falty foreclosure process

Title insurers back off demands for blanket shield.  Story in WSJ online

Title insurers have decided not to require lenders to provide a blanket shield from claims caused by flawed foreclosures after discussions"Title insurers have decided not to require lenders to provide a blanket shield from claims caused by flawed foreclosures after discussions around crafting an industry-wide agreement fell apart."
Title insurers drop demand for shield here   

Interesting story but wouldn't surprise me if they were influenced by something or just thought the banks were holding all the cards.  Maybe they just got a reality check and realized that the banks are in "power".  Title insurers will inevitable take some major hits due to foreclosures mistakes.

I would guess cost of title insurance may be increasing as I type.  A few land mines in the bunch will always increase risk,which of course, will lead to higher prices.