LandAmerica Financial Group

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LandAmerica Financial Group
Type	Public (NYSE: LFG)
Founded	1876 (The Real Estate Title Insurance Company of Philadelphia)
Headquarters	Glen Allen, Virginia, USA
Key people	Theodore L. Chandler, Jr. (President/CEO)
Industry	Real estate
Products	Land Titles, Title insurance
Revenue	$4.2 Billion USD (2006)
Net income	$165.6 Million USD (2005)
Website	www.landam.com

LandAmerica Financial Group (NYSE: LFG) was a 2004 Fortune 500 company that fell out of the top 500 in 2005, but made the list again in 2006. It also made the Fortune list of America’s most admired companies (2006) and as a Platinum 400 company (2006). The company is primarily a Title insurance Underwriter, however they do offer a number of other real estate transaction services.

LandAmerica Financial Group, Inc., through its subsidiaries, principally engages in the title insurance business in the United States. Its products and services facilitate the purchase, sale, transfer, and financing of residential and commercial real estate. The company operates in three segments: Title Insurance, Lender Services, and Financial services. The Title Insurance segment provides title insurance; escrow and closing services; commercial real estate services, as well as property appraisal and valuation, building and site assessments, survey coordination, construction disbursement, coordination of national multistate transactions, and tax-deferred real property exchanges; and real estate transaction management services. The Lender Services segment provides services to regional and national lending institutions, which complement those offered in the company’s title insurance business. These services consist primarily of real estate tax processing and flood certification services, mortgage credit reporting, default management services, and mortgage loan subservicing. The Financial Services segment engages in originating and purchasing of commercial real estate loans in the southern California market, as well as soliciting deposits through certificates of deposit and passbook savings accounts. The company provides its services to lenders, developers, real estate agents, attorneys, and property buyers and sellers. It serves residential and commercial customers with approximately 1,000 offices and a network of 10,000 agents throughout the United States, Mexico, Canada, the Caribbean, Latin America, and Europe. LandAmerica Financial Group was incorporated in 1991 and is headquartered in Glen Allen, Virginia.