First American - Title Insurance, Specialty Insurance, and Real Estate-Related Services | First American (2024)

FAQs

Who are the competitors of First American title insurance company? ›

First American Financial main competitors are Fidelity National Financial, American Mortgage, and Old Republic Title.

The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. Typically the real property interests insured are fee simple ownership or a mortgage.

First American detected a cybersecurity breach in May 2019 as a result of a vulnerability within its proprietary EaglePro application, which it uses to store consumer data. It paid nearly $500,000 in a settlement to the SEC in 2019.

First American Financial Corporation shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol FAF.

First American Title is the largest title insurance company, with a 21% market share and more than $4 billion in premiums in 2020 — 41% more than the next-largest company. However, Chicago Title, Fidelity National Title and Commonwealth Land Title are all owned by one parent company, Fidelity National Title Group.

The Birth of First American

In 1889, just over 20 years after the birth of title insurance in the United States, the Orange County Title Company was established; the original predecessor to First American Title Insurance Company.

Assurant Acquires American Title, Leader in Title and Valuation.

1853: The Law Property Assurance and Trust Society is formed in Pennsylvania, the first title insurance company in the United States. 1876: The Real Estate Title Insurance Company of Philadelphia is formed, the first title insurance company that we would recognize today.

First American traces its roots to 1889, when Orange County, California—a rural, undeveloped area at the time—split off from the county of Los Angeles. Two firms opened to handle title matters in the brand-new county.

What happened to the first American? ›

First American reached a $1 million settlement with the New York Department of Financial Services last month over a massive 2019 data breach that led to hundreds of millions of customer records being exposed.

Fidelity National Financial — another Fortune 500 provider of title insurance for property sales — was hit with ransomware last month, snarling home purchases across the U.S. for days.

Kenneth D. DeGiorgio has served as our chief executive officer since February 2022. From 2021 to 2022, he was our president with oversight responsibility for the Company's operating groups, including its title insurance, specialty insurance and data and analytics businesses.

First American had approximately 2,100 offices throughout the United States and abroad.

First American's primary competitors are Old Republic, FNF, Stewart and 10 more.

FirstService Residential competitors include Colliers International, Florida Power and Light Company and Republic Services.