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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.

First American Title Insurance Company Acquires Yakima Title & Escrow Company

November 27, 2002

SANTA ANA, Calif., Nov. 27 /PRNewswire-FirstCall/ -- First American Title Insurance Company has acquired Yakima Title & Escrow Company of Yakima, Wash., for an unspecified amount. The acquisition, completed Nov. 1, 2002, expands First American's direct operations presence in Washington and brings an experienced team of local title and escrow officers to First American.

Established in 1899, Yakima Title has served the Yakima Valley region since the earliest days of Yakima County. One of five competing title companies in the area, Yakima Title consistently ranks as the market-share leader, controlling 32 percent of the market and generating more than $2 million in net revenues in 2001. First American has been Yakima Title's exclusive underwriter since 1991.

"First American has enjoyed a strong agent-underwriter relationship with Yakima Title for many years," said John R. Thoma, chief financial officer of First American Title Insurance Company. "This acquisition fits our strategic plan for Washington state and brings a great operations manager in Brenda Rawlins to our ranks as well. This is a solid move for both First American and Yakima Title."

Source: First American Title Insurance Company

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