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Title insurance offers protection from problems with a property’s title, including liens, ownership disputes and encroachments. There are two types: a mandatory lender’s policy, whose cost is ...
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
Despite climbing home prices, the cost of title insurance has decreased by 7.8% across the country since 2004, according to ALTA. What is title insurance? The title of a property refers to the ...
Joshua H. Morris, a conveyancer in Philadelphia, and several colleagues met on 28 March 1876 to incorporate the first title insurance company to address the issue.The new firm, they stated, would "insure the purchasers of real estate and mortgages against losses from defective titles, liens and encumbrances," and that "through these facilities, transfer of real estate and real estate ...
Country Financial (capitalized trademark COUNTRY Financial) is a group of US insurance and financial services companies with customers in 19 states. The group of companies offers a range of insurance and financial products and services, including auto, home, life, farm, commercial insurance, retirement planning, investment management and trust services.
Merged with Ekfrid Mutual and Lobo Mutual to form Town and Country Mutual. Eaton Life Insurance 1920 1986 Originally the T. Eaton Life Assurance Company. Acquired in 1986 by Laurentian Life as part of the purchase of Eaton Financial. Ekfrid Mutual Insurance Company 1891 2001 Merged with Lobo Mutual and East Williams Mutual to form Town and ...
In July 2017 Gracy Title, a Stewart Company was officially renamed to Stewart Title of Austin. The company issues title insurance policies and provides title services from 12 locations throughout Central Texas. Outside of the Austin market, prior to the Stewart merger with Gracy, Stewart's history dates back to 1893 originating in Galveston, Texas.
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.