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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]
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 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]
The two companies were thrust into the spotlight in December, when Boruch “Barry” Drillman, a New York real estate investor, pleaded guilty to engaging in a conspiracy to obtain more than $165 ...
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.
Chicago Title, spun off in 1997, owned by Fidelity National Financial since 2000 [18] Underwriters Reinsurance Company, sold to Swiss Re American Holding Corporation in 2000; IDS Property Casualty Insurance Company, sold to American Express in 1984; The Shelby Insurance Company, sold to The Associated Group in 1991
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.
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