The First American Financial Corporation names Craig DeRoy vice president-general counsel


September 30, 1993, SANTA ANA, CALIFORNIA

Craig I. DeRoy of Rolling Hills has been named vice president-general counsel for The First American Financial Corporation (NASDAQ: FAMR) and its principal subsidiary, First American Title Insurance Company, according to President Parker S. Kennedy. He is First American's first general counsel.

DeRoy has 15 years of legal, environmental, financial and management experience. Most recently, he served as executive vice president and chief operating officer of First Environmental Review Insurance Company, where he helped pioneer a new form of property insurance coverage for environmental risks. He has also served as vice president and in-house counsel for First City Properties, a prominent subsidiary of a large diversified Canadian company. His earlier experience includes three years with the Department of Justice as a Deputy Chief and Assistant U.S. Attorney in Los Angeles, and six years as an associate with a tax law firm in Beverly Hills, California.

A native of Los Angeles, DeRoy received his bachelor's degree in political science from the University of Southern California, and his juris doctor degree from the Loyola University School of Law. He also holds a master of laws degree in taxation from the University of San Diego School of Law. He is a published authority on corporate and environmental risk management, and is a frequent speaker at seminars for professional organizations.

The First American Financial Corporation, based in Santa Ana, Calif., is a leading provider of real estate financial services, including title insurance, tax monitoring, home warranty, credit reporting and property information services, to real property buyers and mortgage lenders. The company also operates a trust and banking business in Southern California. The company offers its title services through a network of more than 300 offices and 4,000 agents throughout the United States. It also provides title services abroad in the Bahama Islands, Bermuda, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.

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