ALBANY — Several title insurance companies are asking the state Supreme Court to strike down newly enacted regulations from the New York Department of Financial Services, arguing that the new rules will result in companies shuttering and layoffs.

The New York State Land Title Association Inc., which represents the industry, along with the Great American Title Agency Inc. and Venture Title Agency filed an Article 78 petition with the Manhattan Supreme Court on Tuesday afternoon, claiming that the new regulations by the state’s banking and insurance regulator “wreak havoc on title insurance corporations, title insurance agents, and title closers across the state of New York.”