LandAmerica Acquires Buyers Home Warranty Company/Best Home Warranty Company

September 9, 2004

Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, has closed on a previously announced transaction, acquiring Buyers Home Warranty Company/Best Home Warranty Company (BHWC), based in Burbank, California.

BHWC is a leading provider and servicer of home warranty contracts in California, Texas, Arizona, Colorado, Nevada, New Mexico, and Oklahoma. In California, BHWC is known as Buyers Home Warranty Company. In all other states, BHWC is known as Best Home Warranty Company.

"We are excited about capitalizing on LandAmerica's national presence by opening up more markets for our home warranty services," says Ray Adams, Founder and President of BHWC. "We're especially pleased to be part of a company that shares our fundamental belief that service to the customer takes priority." Adams will continue in his role as President of BHWC and will participate at the executive level on all strategic initiatives.

"We are pleased to add home warranty to our ever-increasing roster of expanded real estate services — especially through such a reputable firm as BHWC," says Charles H. Foster, Jr., Chairman and Chief Executive Officer of LandAmerica. "This is great news for our REALTOR® customers and another step forward for LandAmerica."

Source: LandAmerica Financial Group, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.