LandAm Merges 2 Title Insurance Subs

LandAmerica Financial Group, Richmond, Va., has announced the merging of its Transnation Title Insurance Co. subsidiary into its Lawyers Title Insurance Corp. subsidiary. LandAmerica said the move was part of a broader effort to transform its collection of independent businesses into a unified operating company. The merger "eliminates the capital requirements of maintaining Transnation as a separate entity, while creating additional surplus for the combined operations that would not exist if Transnation and Lawyers Title remained separate," LandAmerica said. The merger will also enhance the delivery of title, closing, and escrow services to LandAmerica's network of agents through more standardized business practices, the company said. LandAmerica can be found online at http://www.landam.com.