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Title insurance will defend against a lawsuit attacking the title or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy. The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1]
First American expanded its title operations across the nation by opening new offices and acquiring existing title and abstract companies. In 1976, this growth lead to an expansion of the company's Santa Ana headquarters; by 1982, First American served all regions of the United States.
The Integrity Title Insurance, Trust and Safe Deposit Company is an historic, American bank building that is located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. It was added to the National Register of Historic Places in 1982.
The total costs of a title insurance premium, settlement expenses, and ongoing costs of an annual mortgage insurance premium (if applicable) equate to only about 1% of a borrower’s overall life ...
AmTrust Financial Services was founded by brothers George Karfunkel and Michael Karfunkel in 1998. [7] [8]In 2005, Ronald E. (Ron) Pipoly was appointed as CFO. [9] [10]AmTrust began trading on the NASDAQ Global Select Market on November 13, 2006.
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The newly formed subsidiary quickly consolidated the title insurance business in Philadelphia by absorbing six local title insurance companies and assuming a new name as the Commonwealth Title Company of Philadelphia in 1929. [12] In 1938 it acquired the Pennsylvania Title Insurance Company from the Central-Penn National Bank. [13]
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