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OTHER NEWS

From Times Staff and Wire Reports

First American Title Buys Rival: The nation’s No. 2 title insurer announced the acquisition of Jefferson-Pilot Title Insurance of Greensboro, N.C. The acquisition will add only three branches to First American Title Insurance Co.'s international network of 300 locations, but it would give the company an important presence in the fast-growing North Carolina market. Jefferson-Pilot is a subsidiary of Jefferson-Pilot Corp., which is one of the nation’s largest shareholder-owned life insurers. First American, based in Santa Ana, has bought about 10 other title insurance companies in the United States in the past year. Terms of the latest acquisition were not disclosed.


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