Q4 loss puts First American in the red for 2007

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 provider said it expects to lay off more workers and consolidate offices to cut costs as the credit crunch continues to weigh on real estate and mortgage markets.

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