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First American Title Insurance Co

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BUSINESS

First American of Santa Ana Acquires Minnesota Title Insurance Company

January 4, 1989|JOHN O'DELL

First American Title Insurance Co. in Santa Ana, one of the nation's largest real estate title insurers, said Tuesday it has acquired a Minnesota title insurance firm. The deal, which closed late Friday, netted First American the 20-office network of Universal Title Insurance, plus its Universal Escrow subsidiary. Universal Title, headquartered in Minneapolis, is the second largest title insurance company in Minnesota, said Parker S.

BUSINESS

Title Insurer Opens Vacation Properties Unit

August 25, 2000|DARYL STRICKLAND

First American Title Insurance Co. is trying to cash in on those who want to own a piece of paradise. The Santa Ana company, the nation's second-largest title insurer, recently created its National Vacation Ownership division to help close transactions for vacation ownership or time-share properties in the United States. "We see this as a great additional source of business and revenues," said Mitch Corriveau, director of the division's Eastern region in Orlando, Fla.

BUSINESS

Santa Ana Title Insurer Buys Rival : Acquisition: First American will gain three branches and an important presence in North Carolina.

August 20, 1994|CHRIS WOODYARD, TIMES STAFF WRITER

First American Title Insurance Co., the nation's No. 2 title insurer, continued its acquisition streak Friday by announcing its purchase of a North Carolina competitor. The acquisition of Jefferson-Pilot Title Insurance of Greensboro will add only three branches to First American's international network of 300 locations, but it will give the company an important presence in the fast-growing North Carolina market.

BUSINESS

FINANCE : Title Search Company Tells 20 Employees to Look for New Jobs

January 22, 1993|James. S. Granelli / Times staff writer

The real estate business, true to its cyclical nature, is heading down again--at least as far as employment at one company goes. First American Title Insurance Co. in Santa Ana, the nation's second-largest title insurer, said that 20 employees were laid off this week at the company's Orange County title search facility, leaving it with about 190 workers. The layoffs come as the overheated home refinancing market cools down and home purchases fail to take up the slack.

BUSINESS

First American Title Acquires Agency in N.Y. : Insurance: Santa Ana-based company says it gains access to a clientele of hundreds of lending institutions, law firms and developers.

March 4, 1992|TED JOHNSON, SPECIAL TO THE TIMES

First American Title Insurance Co., expanding its New York operations, has acquired a Manhattan title insurance agency. The Santa Ana-based company--the nation's second largest title insurer--said Tuesday that it acquired Preferred Land Title Services Inc. for an undisclosed amount of class B stock of its parent company, First American Financial Corp. First American President Parker S. Kennedy declined to discuss financial terms of the acquisition. "This gives us a big jump," Kennedy said.

BUSINESS

Title Insurer, Agency

Enter Unusual Partnership : Insurance: The deal between First American and North American heralds a new kind of industry relationship in which underwriters work more closely with agents who sell the policies.

January 21, 1992|JAMES S. GRANELLI, TIMES STAFF WRITER

In a partnership that both parties say is unusual, First American Title Insurance Co. sold a 50% stake in one of its subsidiaries to a California agency company for cash and a note totaling $1.5 million. The deal with North American Title Co. is expected to benefit both firms, but it also may show the industry a different way for title insurers like First American to work more closely with the agents who sell the policies.

BUSINESS

Title Firm to Pay $2.5-Million Fine

October 15, 1999|SUE McALLISTER, TIMES STAFF WRITER

First American Title Insurance Co., accused of providing Las Vegas vacations and other illegal kickbacks to real estate agents in exchange for business referrals, agreed Thursday to pay a record $2.5 million in fines to the state Department of Insurance.

BUSINESS

Title-Holder and Still Champ : First American Insurance, Still in Santa Ana, to Celebrate Centennial

July 30, 1989|JAMES S. GRANELLI, Times Staff Writer

A century ago, just after Orange County was carved out of Los Angeles County, two small companies opened storefront offices along the dusty streets of Santa Ana to offer property buyers the assurance that their homes were free and clear of any liens. The firms were in business to guarantee that no unknown party could produce a deed or some other claim to wrestle the property away from their customers. To that end, Charles E.

BUSINESS

First American Earns Name

September 27, 1996|JAMES S. GRANELLI, TIMES STAFF WRITER

Eyes glaze over and the brain goes numb as talk turns to the title insurance business. "It's boring, I'll say it for you," chuckles Parker S. Kennedy. But it's not boring to Kennedy, the 48-year-old president of First American Financial Corp., nor to Wall Street investors looking for a solid company. In fact, these are heady days for the publicly held company, which is based barely a block away from the storefront operation that Kennedy's great-grandfather started 107 years ago in Santa Ana.

BUSINESS

BANKING / FINANCE : Parker Kennedy Named 5th President of First American Title Insurance Co.

May 24, 1989|James S. Granelli, Times staff writer

It's gone through many changes in nearly 100 years, but First American Title Insurance Co. hasn't changed its top executive often. The Santa Ana company, one of the largest title insurers in the nation, recently promoted Parker S. Kennedy to the position of president. Kennedy, 41, only the fifth president in the company's history, succeeds his father, Donald P. Kennedy, 70, who was promoted to chairman. The elder Kennedy succeeds William G. Was, who was chairman for the last 5 years and moved to the post of vice chairman and head of the firm's Arizona operations.


Category: Insurance

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