Who will emerge from the turn?

By Matt Carter, Tuesday, November 25, 2008.

With LandAmerica no longer able to count on a merger with Fidelity to resolve its issues with creditors, we may be headed for the biggest shakeup in the title insurance industry since Mercury Cos. shut down operations in five states and sold its remaining title and escrow operations in Colorado to Fidelity (see story).

LandAmerica says its underwriting subsidiaries are well funded to pay claims, but the question has now become how the company funds ongoing operations. Some analysts who follow LandAmerica reportedly see bankruptcy as an option. LandAmerica's already closed down its 1031 exchange company (see story).

LandAmerica's got several hundred subsidiaries or companies it holds an interest in. We'd like to hear from Inman News readers if you are with one of those subsidiaries or do business with them on what happens next.

And more broadly, what do readers think the broader implications are for the title insurance industry? A Fidelity-LandAmerica merger would have put about 75 percent of the business in the hands of just two companies: Fidelity/LandAmerica and First American.

Could we still be looking at that kind of consolidation? Would that be a problem for you, or do you see any silver lining?

UPDATE: Fidelity is now looking to pick up LandAmerica's title insurance underwriting subsidiaires in bankruptcy court. If the deal goes through, Fidelity and First American would control about 75 percent of the title insurance business (see story).

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Submitted by Matt Carter on November 25, 2008 - 4:21pm.

Subsidiaries of LandAmerica Financial Group, Inc.

As of December 31, 2007

State of Incorporation or Organization Percentage of Direct or
Indirect Ownership

Beech Fly, LLC
Virginia limited liability
company 90%

Buyers Home Warranty Company
California corporation 100%

Buyers Real Estate Services, Inc.
California corporation 100%

Capital Title Group, Inc.
Delaware corporation 100%

Capital Title Agency, Inc.
Arizona corporation 100%

Nationwide Appraisal Services Corp.
Pennsylvania corporation 100%

Nationwide Appraisal and Title Services of Ohio, Inc.
Ohio corporation 100%

CTG TotalFlood Services, Inc.
California corporation 100%

Nations Holding Group
California corporation 100%

1031 ExchangePoint, Inc.
California corporation 100%

AdvantageWare, Inc.
California corporation 100%

First California Title Company
California corporation 100%

Land Title of Nevada
Nevada corporation 100%

United Capital Title Insurance Company

(NAIC#50041)
California corporation 100%

United Title Company
California corporation 100%

New Century Holding Company
California corporation 100%

NAC1031 Exchange Services
California corporation 100%

New Century Title Company
California corporation 100%

New Century Title Holdings, Inc.
Nevada corporation 100%

Commonwealth Land Title Insurance Company (NAIC # 50083)
Nebraska corporation 100%

Atlantic Title & Abstract Company
Delaware corporation 100%

ATACO, Inc.
Pennsylvania corporation 100%

Closingguard, Inc.
Delaware corporation 100% Preferred

18.9% Common

CLTIC – RELO, Inc.
Pennsylvania corporation 100%

Commercial Settlements, Inc.
District of Columbia
corporation 100%

Commonwealth Land Title Company
California corporation 100%

Commonwealth Land Title Company of San Antonio
Texas corporation 100%

Commonwealth Land Title Company of Washington
Washington corporation 100%

Commonwealth Land Title Corporation
Iowa corporation 100%

Commonwealth Land Title Insurance Company of New Jersey

(NAIC # 51195)
New Jersey corporation 100%

Commonwealth Relocation Services, Inc.
Pennsylvania corporation 100%

Congress Abstract Corporation
Pennsylvania corporation 100%

Crestview Lawyers Service
New Jersey corporation 100%

CRS Financial Services, Inc.
Pennsylvania corporation 100%

DO Holding Company, Inc.
Delaware corporation 100%

LandAmerica Espanola Abstract Company, Inc.
New Mexico corporation 100%

Golden State Title Company
California corporation 100%

Goliath, Inc.
Pennsylvania corporation 100%

Goliath Four, L.P.
Pennsylvania limited
partnership 100%

LandAmerica Albuquerque Title Company
New Mexico corporation 100%

LandAmerica Appraisal Services, Inc.
Pennsylvania corporation 100%

LandAmerica Capitol City Title Services, Inc.
New Mexico corporation 100%

LandAmerica Commonwealth Title of Austin, Inc.
Texas corporation 100%

LandAmerica Commonwealth Title of Dallas, Inc.
Texas corporation 100%

LandAmerica Commonwealth Title of Fort Worth, Inc.
Texas corporation 100%

LandAmerica Commonwealth Title of Houston, Inc.
Texas corporation 100%

LandAmerica Partners Title Company
Texas corporation 100%

LandAmerica Texas OneStop, Inc.
Texas corporation 100%

Longworth Insured Title Agency, LLC
Ohio limited liability company 51%

Louisville Title Company
Kentucky corporation 100%

Napa Land Title Company
California corporation 100%

Network Title Services, Inc.
New Jersey corporation 100%

New York Land Services, Inc.
New York corporation 100%

Osage Corporation
Pennsylvania corporation 100%

Portland Financial Services Corporation
Oregon corporation 100%

Property Services, Inc.
Pennsylvania corporation 100%

Residential Abstract, LLC
New York limited liability
company 51%

RTC Holding Company
Washington corporation 100%

Southern Escrow and Title, LLC
Florida limited liability
company 20%

The National 1031 Exchange Corporation
California corporation 100%

Title Guarantee Company of Rhode Island
Rhode Island corporation 100%

Title Services, Inc.
Minnesota corporation 100%

County Title Holding Corp.
California corporation 100%

All Counties Courier, Inc.
California corporation 4.5%

Award, Inc.
California corporation 100%

Carlsbad Village Investors, LLC
California limited liability
company 50%

Docusign, Inc.
California corporation 100%

G & S Reconveyance Company
California corporation 100%

Golden Escrow, Inc.
California corporation 100%

Lighthouse Escrow Company
California corporation 50%

San Diego County Holding Company
California corporation 100%

Sherwood Escrow, Inc.
California corporation 45%

Southland Title Corporation
California corporation 100%

Southland Title Equities
California corporation 100%

Southland Title of Orange County
California corporation 100%

Southland Title of San Diego
California corporation 100%

StoneRidge Escrow Corporation
California corporation 100%

Geodata Research Systems, Inc.
Florida corporation 100%

INFO1 Holding Company, Inc.
Delaware corporation 100%

Fuchs-Little, Inc.
Texas corporation 100%

LandAmerica Credit Services, Inc.
Delaware corporation 100%

Credit Resources, Inc.
New Jersey corporation 100%

Far West Credit, Inc.
Utah corporation 100%

Info1 Service Corp.
Delaware corporation 100%

LandAmerica International Holding Company B.V.
Netherlands corporation —

LandAmerica Company UK Limited
London corporation —

Chisholm Nurser & Partners, Limited
England and Wales
corporation 100%

LandAmerica Property Inspection Services, Inc. (formerly

Inspectech, Inc.)
Virginia corporation 100%

HBIS Engineering, Inc. (d/b/a Home Buyers Inspection

Service)
Illinois corporation 100%

LC Insurance Agency, Inc.
Virginia corporation 100%

LFG Processing Corporation
Virginia corporation 100%

LandAmerica Alliance Company
Virginia corporation 100%

8 Broad Street, LLC
New Jersey limited liability
company 20%

AAA Land Title Agency, LLC
Michigan limited liability
company 30%

Accurate Transaction Services, LLC
Ohio limited liability company 61%

Advantage Title Agency, LLC
Arizona limited liability
company —

Alliance Title Agency of Monroe, LLC
Michigan limited liability
company 30%

Allstar Team Title Agency, LLC
Michigan limited liability
company 30%

Amera Title Insurance Agency, LLC
Michigan limited liability
company 30%

America Land Title Affiliates, LLC
Ohio limited liability company 51%

Amera Title Insurance Agency, LLC
Arizona limited liability
company 50%

Arbor Land Abstract I, LLC
Pennsylvania limited liability
company 35%

Ashton Woods Title, LLC
Florida limited liability
company 51%

Bedford Title Agency, LLC
Michigan limited liability
company 30%

Blue Max Land & Title Agency, LLC
Ohio limited liability company 51%

BT Processing, LLC
Florida limited liability
company 49%

Buckeye State Title Agency, LLC
Ohio limited liability company 51%

Cedar Hill Title Agency, LLC
Virginia limited liability
company 25%

Charlottesville Title & Settlement Services, LLC
Virginia limited liability
company 45%

Clarion Closing Services, LLC
Pennsylvania limited liability
company 50%

Commonwealth Land Title Company of Puget Sound
Virginia limited liability
company 50%

Consolidated Services of Central America, Inc.

(d/b/a LandAmerica – Lawyers Title of Central America)
Panama corporation 25%

Cooperative Title, LLC
Ohio limited liability company —

Covenant Title, LLC
Kansas limited liability company —

Creekside Title Agency, LLC
a Michigan limited liability
company 40%

Crossroads Title Services, LLC
Ohio limited liability company 51%

Expert Title Abstract, LLC
Virginia limited liability
company 20%

Express Title Services, LLC
North Carolina limited liability
company —

First Colorado Title Company, LLC
Colorado limited liability
company 25%

First Star Title Agency, LLC
Ohio limited liability company 51%

Florida Title Affiliates, LLC
Florida limited liability company 30%

Founders Title Company
Utah corporation 30%

Four Star Title Agency, LLC
Ohio limited liability company 51%

Freedom Title Agency, LLC
a Michigan limited liability
company 30%

Great Rivers Title Company, LLC
Missouri limited liability
company 10%

Gulf Group Title Affiliates, LLC
Florida limited liability company —

Haynes Title Agency, LLC
Michigan limited liability
company 25%

HBI Title Company of Texas, LLC
Texas limited liability company 30%

Home Title Services, LLC
Texas limited liability company 25%

Integrity First Financial Services, LLC
Florida limited liability company 20%

Intellihub Solutions and Services, LLC
Delaware limited liability
company 30%

Jones & Tatom Title & Trust, LLC
Virgin Islands limited liability
company 5%

Kent Title Agency of Western Michigan, LLC
Michigan limited liability
company —

Kitsap County Title Agency, LLC
Washington limited liability
company 51%

Lake States Title Agency, LLC
Michigan limited liability
company 40%

Lakeshore Title Services Agency, LLC
Michigan limited liability
company 25%

Land America Insurance Services, Inc.
Florida corporation 70%

Land Title Associates, LLC
Virginia limited liability
company 25%

LandAmerica – Lake Settlement, LLC
Virginia limited liability
company 25%

LandAmerica Production Center, LLC
Virginia limited liability
company 70%

Lawyers Title Agency of the Emerald Coast, Inc.
Florida corporation 25%

Liberty Investors Group, Inc.
California corporation 40%

Livingston Title Agency, LLC
a Michigan limited liability
company 40%

LT-CFS. LLC
Virginia limited liability
company 30%

M and M Title Services, LLC
Ohio limited liability
company 51%

Magic City Title Associates, LLC
a Virginia limited liability
company 25%

MBC Title Agency, LLC
Michigan limited liability
company 50%

Member Advantage Title Agency, LLC
Michigan limited liability
company —

Merrill Title Company, LLC
Utah limited liability company 40%

Metropolitan Title and Escrow Company, LLC
Virginia limited liability
company 80%

National Land Title Services Agency, LLC
Michigan limited liability
company —

National Land Transfer of New Jersey, LLC
New Jersey limited liability
company 51%

New Mexico Title – Comanche, LLC
New Mexico limited liability
company 40%

New Mexico Title Company – Barbara Loop, LLC
Virginia limited liability
company 50%

North Carolina Title Associates, LLC
Virginia limited liability
company —

Northridge Title Agency, LLC
Ohio limited liability company 51%

Ocean Abstract Company
New Jersey corporation 25%

Oklahoma OneStop, LLC
Oklahoma limited liability
company 55%

Old Northwest Title Agency, LLC
Ohio limited liability company 30%

Prestige Title Agency, LLC
Virginia limited liability
company 25%

Professional Title, LLC
Kansas limited liability company 30%

Real Estate eTax Service, LLC
Michigan limited liability
company 30%

Realty Reports Alliance, LLC
New York limited liability
company 50%

Echo Home Title Agency, LLC
New York limited liability
company 50%

United Settlement, LLC
New York limited liability
company 51%

Scioto Land Title, LLC
Ohio limited liability company 51%

Select Title, LLC
West Virginia limited liability
company 80%

Sevenstar Title Agency, LLC
Arizona limited liability
company 50%

Shipbuilders Title, LLC
Virginia limited liability
company 30%

Sibcy Cline Title Agency, LLC
Ohio limited liability company 30%

Spectrum Title Agency, LLC
Michigan limited liability
company 40%

SSL Title Agency, LLC
Ohio limited liability company 51%

State Street Title Agency, LLC
Michigan limited liability
company 40%

Taft Title/LA Agency, LLC
Ohio limited liability company 51%

Title Associates, LLC (formerly JB-LAC, LLC)
Texas limited liability company 25%

Title Associates Agency, LLC
Michigan limited liability
company 40%

Trident Abstract Title Agency, LLC
New Jersey limited liability
company 20%

Trinity Title Insurance Agency, Inc.
Georgia corporation 25%

Universal Land Title of North Texas, LLC
Delaware limited liability
company 20%

USA Title Affiliates, Inc.
Virginia corporation 100%

ABC USA Title Agency, LLC
Virginia limited liability
company 50%

CW Title Agency, LLC
New Jersey limited liability
company —

M & M Title Services of Florida, LLC
Florida limited liability
company 34.5%

Virginia USA Title Agency, LLC
Virginia limited liability
company 1%

ValuTree Title, LLC
Florida limited liability
company 30%

Vineyard Investment Group, LLC
New Hampshire limited liability
company 25%

VIP Title Agency, LLC
Ohio limited liability company 51%

Waterside Title Agency, LLC
Michigan limited liability
company 30%

West Side Title Agency, LLC
Michigan limited liability
company 40%

Wilson Title Insurance & Escrow Services, LLC
Wisconsin limited liability
company 25%

LandAmerica Assessment Corporation
Virginia corporation 100%

LandAmerica Valuation Corporation
Virginia corporation 100%

LandAmerica Commercial Search Services Company
Virginia corporation 100%

Data Trace Information Services, LLC
Delaware limited liability
company 20%

Data Trace Information Services II, LLC
Delaware limited liability
company 20%

LandAmerica (Europe) Sarl
Switzerland corporation 95%

LandAmerica 1031 Exchange Services, Inc.
Maryland corporation 100%

Building Exchange Company
Virginia corporation 100%

Arden Echelon Partners, LLC
New Jersey limited liability
company 100%

Bayside Partners IV, LLC
Michigan limited liability
company 100%

Building Exchange Properties G.P., LLC
Virginia limited liability
company 100%

CWLT Roseland Exchange, LLC
New Jersey limited liability
company 100%

Glenville, LLC
Delaware limited liability
company 100%

LAEC, LLC
Ohio limited liability
company 100%

Landam Construction Exchange Company
Virginia corporation 100%

OTV Construction Exchange, LLC
Missouri limited liability
company 100%

LandAmerica Services, Inc.
Virginia corporation 100%

Complete Closing Services, Incorporated
New Jersey corporation 100%

LandAmerica International Holding Company
Virginia corporation 100%

CTCA Services (d/b/a LandAmerica-Commonwealth Title of
Central America)
Cayman Islands corporation 25%

CTRD Services (d/b/a LandAmerica – Commonwealth Title Republica Dominicana)
Cayman Islands corporation 25%

LandAmerica Services of Mexico, S.A. de C.V.
Mexican corporation —

LandAmerica Title Insurance Company of Mexico, S.A.
Mexican corporation —

LandAmerica Insurance Agency, Inc.
Virginia corporation 100%

LEISA of Connecticut, Inc.
Connecticut corporation 100%

LandAmerica OneStop, Inc.
Virginia corporation 100%

LandAmerica Maryland Holding Company
Maryland corporation 100%

MSTD Inc.
Maryland corporation 100%

Realitics, LLC
Georgia limited liability
company 50%

LandAmerica Tax and Flood Services, Inc.
California corporation 100%

Geologix Flood Services, LLC
California limited liability
company 100%

Lawyers Title Insurance Corporation (NAIC # 50024)
Nebraska corporation 100%

American Title Group, Inc.
Texas corporation 100%

LandAmerica American Title Company
Texas corporation 100%

LandAmerica Austin Title Company
Texas corporation 100%

LandAmerica Lawyers Title of San Antonio, Inc.
Texas corporation 100%

LandAmerica Texas Title Company
Texas corporation 100%

LandAmerica Financial Group, Inc. (Direct subsidiaries in bold)
State of Incorporation or
Organization % of Direct or
Indirect
Ownership

Atlanta Title Company
Georgia corporation 100%

Biltmore Abstract Limited Partnership
Pennsylvania limited partnership 49.95%

Builders Disbursement Services, Inc.
Virginia corporation 100%

CFS Title Insurance Agency, LLC
Virginia limited liability
company 50%

Commerce Title Guaranty Co.
Tennessee corporation 100%

First Stable Properties, Inc.
Virginia corporation 100%

Global Corporate Services, Inc.
Virginia corporation 100%

Guarantee Title Co., Inc.
Kansas corporation 100%

Land Canada Limited
Canada corporation 51%

LandAmerica Charter Title Company
Virginia corporation 100%

Charter Title/Sugarland, Ltd.
Texas limited partnership 80%

Charter Title Company – Galveston, LLC
Texas limited liability company 100%

Harbour Title Company
Texas corporation 50%

LandAmerica (Europe) Sarl
Switzerland corporation 5%

LandAmerica Lawyers Title of Amarillo, Inc.
Texas corporation 100%

LandAmerica Lawyers Title of El Paso, Inc.
Virginia corporation 100%

LandAmerica Lawyers Title of Roswell, Inc.
New Mexico corporation 100%

LandAmerica New Mexico Title Company
New Mexico corporation 100%

LandAmerica Wilson Title Company
Texas corporation 100%

Lawyers Holding Corporation
Virginia corporation 100%

Biltmore Abstract, LLC
Pennsylvania limited liability
company 50%

Chatham Abstract, LLC
Pennsylvania limited liability
company 50%

Lion Abstract, LLC
Pennsylvania limited liability
company 50%

Louisville Title Agency of Central Ohio, Inc.
Ohio limited liability company 100%

Oakton Title, Inc.
Virginia corporation 100%

Lawyers Title Agency of North Florida, West Division, Inc.
Florida corporation 100%

Lawyers Title Canada Corporation
Canada corporation 100%

Lawyers Title Company
California Corporation 100%

California Land Title Company
California Corporation 100%

Channel Islands Escrow, Inc.
California Corporation 100%

Continental Land Title Company
California Corporation 100%

LandAmerica Default Services Company
California Corporation 100%

3 Arch Financial Services Corporation
Delaware corporation 100%

3 Arch Trustee Services, Inc.
Delaware corporation 100%

LTC Exchange Company
California Corporation 100%

LandAmerica Account Servicing, Inc.
Arizona corporation 100%

Lawyers Title of Arizona, Inc.
Arizona corporation 100%

Lawyers Title Agency of Arizona, LLC
Arizona limited liability
company 25%

Lawyers Title of Nevada, Inc.
Nevada corporation 100%

Lawyers Title of Pueblo, Inc.
Colorado corporation 100%

Lawyers Title Realty Services, Inc.
Virginia corporation 100%

Lawyers Title Settlement Company, LLC
Virginia limited liability
company 50%

Lion Abstract Limited Partnership
Pennsylvania limited partnership 49.95%

LTTM, Inc. (f/k/a Ten Mile Title, Inc.)
Colorado corporation 100%

LTIC Alliance, LLC
Ohio limited liability company 100%

HL Title Agency, LLC
Ohio limited liability company 51%

M/I Title Agency, Ltd.
Ohio limited liability company 10%

Memphis, TN Joint Plant, LLC
Ohio limited liability company 33.33%

Performance Tax Services, Inc
Texas corporation 100%

Property Title Insurance Corporation
Puerto Rico corporation 100%

APEX Title Insurance Corporation
Puerto Rico corporation 100%

Cancellation Services, Inc.
Puerto Rico corporation 100%

Ranier Title, LLC
Washington limited liability
company 25%

RE/Affirm Title Agency, LLC
Ohio limited liability company 51%

Real Estate Title Company, Incorporated
Maryland corporation 100%

The Indianapolis Joint Plant Partnership
Indiana corporation 33.33%

The Title Guarantee & Trust Company
Ohio corporation 100%

Title Investors Group, Inc.
Texas corporation 100%

Title Insurance Company of America (NAIC #50245)
Nebraska corporation 100%

Mid-South Title Corporation
Tennessee corporation 100%

Rutherford County Title Insurance Co.
Tennessee corporation 100%

TransOhio Residential Title Agency Ltd.
Ohio corporation 20%

LoanCare Servicing Center, Inc.
Virginia corporation 100%

Orange County Bancorp
California corporation 100%

Centennial Bank
California corporation 100%

Palma, LaZar and Ulsh, LP
Pennsylvania limited partnership 40%

Residential Property Maintenance, Inc.
Arizona corporation 100%

RQ Holdings, Inc.
Texas corporation 40%

Transnation Title Insurance Company (NAIC # 50012)
Nebraska corporation 100%

American Title Company of Livingston
Michigan Corporation 100%

Colorado National Title, Inc.
Colorado corporation 50%

Escrow Support Network
California corporation 100%

Gateway Title Company
California corporation 100%

Land Title Agency, Inc.
New Jersey corporation 100%

Northpoint Escrow & Title, LLC
Washington limited liability
company 40%

Pinnacle Title Agency of Arizona, LLC d/b/a Transnation Title Agency
Arizona limited liability
company 45%

Portland Title Agency, LLC
Oregon limited liability company 51%

Transnation Title & Escrow, Inc.
Delaware corporation 100%

Title Transfer Services, Inc
Colorado corporation 100%

Xenia Property Company
Pennsylvania corporation 100%