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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Court Reverses First American Verdict

May 30, 2007

Associated Press

NEW YORK (AP) -- Business information provider First American Corp. said a federal appeals court has reversed a $32.4 million punitive damages verdict against one of its subsidiaries.

First American said in a Securities and Exchange Commission filing Friday that the 6th U.S. Circuit Court of Appeals reversed the verdict in the case of Chicago Title Insurance Corp. versus James A. Magnuson.

The appeals court also ordered a new trial in on the $10.8 million compensatory damages verdict in the case, according to the filing.

During 2005, First American recorded a reserve of $10 million in connection with the case and said it's currently evaluating the appropriateness of this reserve in light of the court decision.

First American shares rose 2 cents to $53.17 in morning trading.

Coopyright 2007 Associated Press

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