RANDALL L. SCOTT APPOINTED SENIOR VICE PRESIDENT AND SENIOR COUNSEL OF UCC INSURANCE DIVISION
October 29, 2001, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), the nation’s leading, diversified provider of business information and related products and services, today announced that Randall L. Scott has been named senior vice president and senior counsel for the company’s UCC Insurance Division. The EAGLE 9TM UCC Insurance Program provides lien protection and priority insurance for commercial loans secured by non-real estate assets.
Scott, who joined First American in 1998 as Maryland commercial manager and counsel, will oversee underwriting, regulatory and licensing issues, and other legal matters relating to the UCC Insurance Program. He also will direct national business development activities for the EAGLE 9TM UCC Insurance Program. In these capacities, he will continue to conduct educational programs and seminars regarding Revised Article 9 of the Uniform Commercial Code (UCC), for which he is a nationally recognized expert.
Prior to joining First American, Scott was engaged in the general practice of business, commercial and real estate law. He holds a bachelor’s degree in business administration from the University of Maryland and a juris doctor from the University of Baltimore School of Law, where he was a member of the Law Review and the Moot Court Board.
Scott currently lives in Dove Canyon with his wife, Mary, and their four daughters. He is an active member of the community and has served as a coach for his daughters’ various athletic teams. He also served as president of the University of Maryland Alumni Association and as a member of the university’s Board of Visitors.
First American, as both a title insurer and a property and casualty insurer, is the only company currently qualified to provide UCC insurance to the national commercial loan markets, estimated at more than $1 trillion annually. More information about First American’s UCC Insurance Division and the EAGLE 9 TM UCC Insurance Program can be found on the Internet at www.eagle9.com.
The First American Corporation, based in Santa Ana, Calif., is the nation’s leading, diversified provider of business information and related products and services. The corporation’s three primary business segments include: title information and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; direct-to-consumer public records reporting; resident screening; pre-employment screening; automobile title administration; property and automotive and insurance tracking services; property and casualty insurance; home warranties, 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.