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First American Financial Corporation reports developments in title insurance, settlement services and risk solutions for real estate transactions. Recurring updates include quarterly financial results for its Title Insurance and Services and Home Warranty businesses, commercial real estate transaction activity, investment income, share repurchases and capital management.
The company also announces technology and data initiatives through First American Title, First American Data & Analytics and ServiceMac. Company news covers AgentNet and AI-assisted title tools, FraudGuard mortgage-risk analytics, valuation and information products, mortgage subservicing workflows, home warranty products, and banking, trust and wealth management services offered through its real estate transaction platform.
AM Best has confirmed that First American Financial Corporation's Financial Strength Rating remains at A (Excellent) and Long-Term ICRs at 'a' for its Title Insurance Group members, with a stable outlook. This follows the company’s September 2020 receipt of a Wells Notice from the SEC regarding its 2019 information security incident disclosures. First American asserts its compliance with securities laws and anticipates no material adverse effects on its financial standing. AM Best will continue to monitor the situation closely.