02.08.07
LandAmerica Financial moves Title Underwriting Offices
In a strategic move, LandAmerica announced that it is moving underwtriting offices for Commonwealth, TransNation, and Lawyers Title (previously domiciled in Pennsylvania, Arizona and Virginia, respectively) to Omaha, NE
“Consolidating the underwriting companies’ domicile and corporate governance into one state enables LandAmerica to comply with a single set of regulations administered by the Nebraska Department of Insurance. Nebraska tax law allows LandAmerica to save on retaliatory premium taxes, which are computed and charged on policies written by the company.” says emediawire.
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