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In 1928 it merged with the Provident Trust Company which turned its title insurance business over to a wholly owned subsidiary known as Commonwealth Title Insurance Company. [11] The newly formed subsidiary quickly consolidated the title insurance business in Philadelphia by absorbing six local title insurance companies and assuming a new name ...
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 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 ...
New insurance subsidiaries were spawned to handle the company's increasing expansion into selected specialty lines, including Commonwealth Land Title Insurance Company (c. 1976), Reliance Insurance Company of New York (1978), Reliance Lloyds (1980). In the early 1980s, the expansion included the incorporation of several new life insurance ...
The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of July 2024, with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). [4]
This was the tallest building in Philadelphia for about a year, until the 1901 completion of City Hall Tower. Commonwealth Title & Trust Company Building, 1201-05 Chestnut Street (1901–06), with John T. Windrim. [7] Main Building, Thomas Jefferson University Hospital, 132 South 10th Street (1903).
One of the early tenants in the Home Life Building was the New York City Rapid Transit Commission, forerunner to the New York City Board of Transportation. [68] At 253 Broadway, Postal Telegraph took the top three floors, a section of the basement, and a ground-floor corner office. Sprague Electric also occupied offices there. [18]