Industry News

Q4 loss puts First American in the red for 2007

Title insurer plans more layoffs in 2008
Published on Feb 28, 2008

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by CareyBot

First American Corp. said it lost $67.5 million and laid off 1,100 employees during the fourth quarter, as the company boosted loss reserves by $122.3 million against higher expected claims. The Santa Ana, Calif.-based title insurer and real estate information ...