(The title insurance business represents about 90% of Stewart Information Services sales.) "The need for the title examiner to be at the courthouse has been diminished substantially," he says. The Richmond, Va.-based company has been a subsidiary of LandAmerica Financial Group Inc. since March 1998. Getting the information tends to be the biggest hitch in becoming fully electronic.". While there is some consolidation going on in the industry, Old Republic is expanding products and services through small acquisitions, joint ventures, partnerships and alliances, and not through major acquisitions. Looking for more data about the land title insurance industry? case Stewart withdrew its offer to buy Commonwealth Land Title Insurance Co. and Lawyers Title Insurance Corp., and FNF bought the underwriters for $282 million. Combining Lawyer and Title Agent Policies on Behalf of a Closing In 1998, the company was spun off from the Allegheny Corp., but itself was a combination of mergers including earlier acquisitions of Security Union Title and Ticor Title. As Kilgallon notes, eventually coming into effect will be the Financial Services Modernization Act. Successor In Interest By Merger To Lawyers Title Insurance Corporation, https://support.trellis.law/boolean-operators, AFFIRMATION/AFFIDAVIT OF SERVICE (Motion #009), ORDER TO SHOW CAUSE - DECLINED/WITHDRAWN (Motion #008). Obviously, after the merger, Fidelity National will leapfrog a number of notches, likely becoming the largest player in the industry. Looking for legal documents or records? hb```f``e ^ia`Bf,A=c Franklin R Jimenez, Stewart Title Go to ALTA's Industry Financial Data Section for the latest financial information. Title Insurers Merge and Adopt Technology To Tackle The .gov means its official. interested in learning more about any of these title-related services, please use the Office The Company was authorized to transact title insurance coverage in the State of Florida on December 31, 2006. Our goal is to help lenders, builders, developers, attorneys and real estate professionals grow In March, the company took a big step in that direction when it announced an agreement with RealEC Inc., which provides a secure business-to-business electronic commerce exchange used to order and deliver real estate settlement services. Approvals, US For example, Rob Chapman, vice president and general manager of Old Republic's business information and technology group, says the company is just finishing up a work-flow initiative that is going to allow centrally located processing. Routh, Matthew J., Request for Dismissal with Prejudice - Entire Action filed by Fidelity National Title Insurance Company, successor by merger to Lawyers Title Insurance Corporation. Rebranding in phases: May 1 and September 1,2023;see details. "On the residential side, refinancing will absolutely be down this year." However, the company is still expecting to have a good year on the commercial side. Title Insurance. Tex. This combination creates the largest title insurer in the United States, with pro forma 2007 market share of approximately 46% and dominant positions in both the residential and commercial markets. June 30, 2008 RICHMOND, Va., -- LandAmerica Financial Group, Inc. (NYSE: LFG) plans to merge its Transnation Title Insurance Company subsidiary into its Lawyers Lawyers Title Ins. Corp. v This was the foundation of what was to become Chicago Title and Trust Co. (CT&T). LandAmerica Financial Group, Inc. was the third largest title insurance group in the US. we provide an array of title-related services and specialty finance solutions. 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. "The more volume you run through a title company, the better the efficiencies that are to be gained.". Title plants permit users to research property ownership information more quickly than by consulting the original public records, which may be located in a number of separate public offices -- for example, in offices of the county recorder, tax collector, and state and federal courts. Fidelity National Title Insurance Company, Successor By Merger To Lawyers Title Insurance Corporation, Services, Breaking RealEC customers will now be able to electronically order, track and receive LandAmerica OneStop's title, closing, appraisal and other real estate products. This title insurance policy covered Bancorp in the event of a loss. "We are very concerned about this trend," says Kilgallon, "and we maintain that to compete the old title insurers have to become more substantial.". Commercial It was headquartered in Glen Allen, Virginia. Chicago Title also has three other regional offices in the East, and one in the West. "You will see more and more automation of the back office," he says. LAWYERS TITLE INSURANCE CORPORATION v. DOUBLETREE PARTNERS To permit shopping center owners to keep up with the pace of change at these vital industry service companies, here's a helpful scorecard. "That single person can assign a file number and then deal with the order in a matter of minutes, as opposed to a matter of hours or days.