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LandAmerica Financial Group, Inc. was the third largest title insurance group in the US. It was incorporated in 1991 as Lawyers Title Corporation, and renamed LandAmerica after Lawyers Title acquired Commonwealth Land Title Insurance Company and Transnation Title Insurance Company in 1998. It was headquartered in Glen Allen, Virginia.
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
Title insurance offers protection from problems with a property’s title, including liens, ownership disputes and encroachments. There are two types: a mandatory lender’s policy, whose cost is ...
Joshua H. Morris, a conveyancer in Philadelphia, and several colleagues met on 28 March 1876 to incorporate the first title insurance company to address the issue.The new firm, they stated, would "insure the purchasers of real estate and mortgages against losses from defective titles, liens and encumbrances," and that "through these facilities, transfer of real estate and real estate ...
Title insurance policies typically cost .67% of the property’s sale price, according to the American Land Title Association (ALTA). The total costs of a title insurance premium, settlement ...
Fidelity National Financial, Inc. (NYSE: FNF), is an American provider of title insurance and settlement services to the real estate and mortgage industries.A Fortune 500 company, [1] Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations.
The real estate purchases and sales alienated legitimate trust company business, however, so they were separated. In 1905 a merger of the Central Realty, Bond & Trust Company with the Lawyers' Title Insurance Company was approved by both, resulting in a new company called Lawyers' Title Insurance and Trust Company , which would eschew the real ...
I was a management consultant working for a very large insurance company (3-letter name, was big in the news in the 2008 financial crisis). We were there late one night when my colleague goes to ...