Maybe we've been too flippant. Here's some decent advice instead. Take a look at the company's operating earnings and at liquid assets net of all liabilities. Look at what percentage of premiums ITIC reserves for claims, and compare that to other title insurers. Also take a look at what happened to ITIC in the early '90s when the last real-estate boom collapsed. How hard-hit were they? (To answer that last one, you'll have to get pre-EDGAR annual reports. Call the nice investor relations lady at ITIC and she'll mail you copies of everything.)
If you see a good target for shorting, then short away.