WHERE EVERY DEAL IS A BIG DEAL
North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of home ownership for over 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 straight forward. Our agency application process is fast and transparent for qualified agents.
North American traces its beginnings to two companies, one in California and one in Florida. North American Title Insurance Company began operating in California on February 15, 1959 under the name First American Aircraft Title Insurance Company. In 1991, North American Title Insurance Company was acquired by a North American holding company, North American Asset Development Corporation, and immediately renamed. In addition to California, North American later became authorized to do business in the states of Arizona, Colorado, Nevada and Oklahoma.
As for North American’s Florida beginnings, Lennar Corporation decided in 1994 that it would enter the title underwriting business to complement its title agency operation. As such, Lennar formed North American Title Insurance Corporation on May 18, 1994. In addition to Florida, North American later became authorized to do business in the states of District of Columbia, Illinois, Maryland, Texas and Virginia.
In 1998, these two companies became affiliates when Lennar’s title holding company, North American Title Group, Inc., acquired North American Asset Development Corporation. North American Title Insurance Company continued its focus on the West Coast of the United States, while North American Title Insurance Corporation expanded in the East Coast.
For some time, it was the vision of the leaders of North American to merge the two underwriters and create one of the largest title insurance underwriters in the country. With this larger size and capitalization, North American would be better positioned to compete with national underwriters for larger residential transactions and become a bigger player in the commercial arena. Effective January 1, 2007, that vision was made a reality when North American Title Insurance Corporation was merged with and into North American Title Insurance Company. What started as two separate and distinct beginnings is now one strong and bright future.
The new North American Title Insurance Company is among the largest title insurance underwriters in the United States. It's authorized to do business in 31 states from coast-to-coast. Demotech, Inc. and LACE Financial (insurance rating agencies) have both rated North American as one of the best capitalized and managed underwriters in the title insurance industry. With a history as unprecedented as this one, North American’s future has no limits