FirstAm to Offer Title Insurance in Poland

Poland is the newest market in which The First American Corp., Santa Ana, Calif., will offer title insurance.The company cited figures showing that nearly $3 billion of foreign capital is invested in real estate in Poland, but added that there are title uncertainties affecting the Polish market, such as delays in registering mortgages, the filing of restitution claims, and land status issues. First Title Poland, the limited liability company established to offer the product, has created insurance policies to address title issues unique to that country. "While the Polish real estate market is booming in all aspects, we are happy to see more and more American investors active here," said Dorota Dabrowska, executive director of The American Chamber of Commerce in Poland, of which First Title is a member. "Importantly, U.S. companies are bringing in sophisticated products and services that will help develop the market -- title insurance being one great example." First Title Poland is a venture of First Title PLC, a United Kingdom firm that is a wholly owned subsidiary of First American, and First Title CEE, a Hungarian company established to market First American products in a number of former Iron Curtain countries. First American can be found online at http://www.firstam.com.