First American Forms Group Focused on Energy Transactions
April 10, 2012
First American Title Insurance Company's National Commercial Services Division announced the formalization of its Energy Group, which includes a specialized team of land title examiners, experienced attorneys, project coordinators and insurance underwriters dedicated to working exclusively on energy-related transactions.
The Energy Group works in collaboration with First American offices and agents across the country to implement title-related due diligence and insurance offerings that address the unique requirements of energy transactions, First American said in a release.
Energy projects tend to be extremely complex and require dedicated resources to analyze risks associated with mineral and water rights, encroachments, and severable and future improvements. The Energy Group, working with the First American’s senior underwriters, has developed a targeted coverage approach to address the unique requirements of energy development activities. This specialized group also helps to simplify transaction processes, lowering costs and mitigating risks. Focused land title due diligence, escrow and insurance solutions are offered for national and international transactions through a proprietary electronic delivery platform that includes links to products and documents.
"The complexities of the energy submarket challenge the national title insurer to develop specialized products and services," said Sally French Tyler, executive vice president and divisional president of First American Title Insurance Company's Centralized Businesses. "With the Energy Group, we've built a talented team of focused and experienced experts to meet this challenge."