JOHN N. CASBON NAMED EXECUTIVE VICE PRESIDENT OF FIRST AMERICAN TITLE INSURANCE COMPANY

May 1, 2000, SANTA ANA, Calif.

The First American Financial Corporation (NYSE: FAF), the nation's leading provider of business information and related products and services, today announced that it has named John N. Casbon executive vice president of First American Title Insurance Company.

In his new position, Casbon will serve as president of First American Transportation Title Insurance Company, which provides title insurance coverage for aircraft, vessel and other non-land ventures; oversee the company's multiproduct cross-selling efforts; and monitor governmental affairs in Washington, D.C., for all entities of First American's operations.

"John knows our business inside and out," said Parker S. Kennedy, president of The First American Financial Corporation. "He is the perfect executive to bring added focus to our specialty title insurance products and to our cross-selling strategies."

Casbon, who has served as regional vice president since 1989, began his tenure with First American in 1977 as sales manager for the state of Florida. Two years later, he was promoted to state manager for Alabama, Louisiana and Mississippi. In 1989, he was named regional vice president, overseeing the company's southeastern region, including operations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and the Caribbean.

Casbon graduated from Florida State University with degrees in both real estate finance and hotel management. He founded and currently serves on the board of the New Orleans Police Foundation. Casbon also serves on the boards of various area organizations, including the Business Council of New Orleans, The Chamber/New Orleans & the River Region, the Audubon Park Commission, The Greater New Orleans Sports Foundation and the New Orleans Center for Creative Arts. Since 1998, he has received the FBI Director's Community Leadership Award, the Anti-Defamation League's A.I. Botnick Torch of Liberty Award, the Young Leadership Council's Role Model Award and the Mayor's Medal of Honor. A Florida native, Casbon resides in New Orleans with his wife, Ann, and their two daughters.

The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and services. The corporation's three primary business segments include: title insurance and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides home warranties; automotive, subprime and direct-to-consumer credit reporting; property and casualty insurance; property and automotive insurance tracking services; resident screening; pre-employment screening; investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

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