American National Financial, Inc. Announces Licensing in Texas
|September 17, 2002|
ORANGE, Calif., /PRNewswire-FirstCall/ -- American National Financial, Inc. (Nasdaq: ANFI - News), has announced that its title insurance underwriting subsidiary, National Title Insurance of New York, Inc. ("National"), has received its Certificate of Authority to underwrite title insurance in the state of Texas.
National is licensed to issue and underwrite title insurance policies in 35 states, the District of Columbia and the U.S. Virgin Islands. With this license in Texas, National is now licensed in the six largest markets in the country including California, Florida, New York, Pennsylvania and Colorado. Based on 2001 statistics, these six states accounted for approximately 55% of the real estate transaction business in the United States.
Michael C. Lowther, Chairman of the Board and Chief Executive Officer of ANFI said, "This approval presents many opportunities for expansion into the second largest title transaction market in the United States."
Source: American National Financial, Inc.