LandAm Reducing 'Bricks & Mortar'

LandAmerica Financial Group, Richmond, Va., has announced that its recently reported merger of two title insurance subsidiaries in Colorado is part of a new business model that will reduce the number of "bricks-and-mortar" locations in the state. The company recently announced that it was merging its Transnation Title Insurance Co. subsidiary into its Lawyers Title Insurance Corp. subsidiary as part of an effort to transform its independent businesses into a unified operating company. Theodore L. Chandler, chairman and chief executive officer of LandAmerica, said the company is improving its service capabilities in Colorado while reducing reliance on fixed-cost physical locations. "There are features of this approach that may well be appropriate for other markets and may facilitate further office consolidations over time," Mr. Chandler said. LandAmerica can be found online at http://www.landam.com.