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The First American Financial Corporation was renamed The First American Corporation in May 2000 to reflect the expansion of services beyond financial services and title insurance. The First American Family of Companies grew to operate within five business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage ...
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The average lender’s title insurance policy costs $350 for every $100,000 of the mortgage, per First American. The average owner’s title insurance policy costs $250 for every $100,000 of the ...
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.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
TruStage Financial Group first registered the TruStage brand trademark in 2010, and it was first used commercially in 2013. [12] The TruStage brand first sold insurance products commercially in 2013. [citation needed] It exceeded $1 billion in consumer coverage in 2017, [13] and exceeded $6 billion in 2018. [14]
The American Land Title Association (ALTA), founded in 1907, is the national trade association representing more than 6,400 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. ALTA's headquarters is in Washington, DC.
American Financial Group was ranked 486th on the Fortune 500 list in 2004. Through the years American Financial Group has owned a number of subsidiaries, real estate properties, and companies, including The Mountain View Grand Resort & Spa in Whitefield, New Hampshire, The Cincinnatian in Cincinnati, Ohio, The Biltmore in Coral Gables, Florida, Le Pavillon in New Orleans, Louisiana, and the ...