First Title Launches Real-Time Commercial Online Quotation Service
February 4, 2008, LONDON
First Title Insurance plc (First Title), a subsidiary of First Title plc and the largest provider of title insurance in the United Kingdom and Europe, today announced the launch of its streamlined commercial online quotation service for clients. This follows the success of its online residential facility launched in 2006.
The system enables users to receive commercial title insurance quotes—up to the value of £15million—underwritten in real-time. The resulting quotation is based on assumptive questions, which have already been agreed upon by the underwriters. Once information is entered, the premium is instantly displayed on the screen and remains valid for three months. The facility enables users to draft and place a policy on risk with the click of a button.
First Title’s commercial online service is unique because it enables users to ‘build in’ more than one risk when applying for a quotation and offers a choice of either monthly or case-by-case billing. In addition to online benefits, a First Title telephone help-desk is available during normal working hours to assist with any queries.
David Hawkins, First Title’s managing director, comments: “Off the back of positive client feedback, we have taken the decision to complement our existing online residential quotation service with an equally streamlined, quick and easy-to-use commercial service. Available 24 hours a day, seven days a week—and without the need to be in constant contact with an underwriter—users can log on and access quotes without any obligation.”
“Title insurance is becoming increasingly popular, especially with developers looking to mitigate risk in increasingly developed areas,” adds Hawkins. “An online system enables users to access quotes wherever they may be, at whatever time best suits them. Further peace of mind can be derived from the fact that users can contact a dedicated helpdesk, should they need that human touch.”
The web address for the online site is www.firsttitle.eu/online.
About First Title plc
First Title plc has nine offices throughout Europe — five offices in the United Kingdom and elsewhere in Germany, Poland, Hungary and Turkey — with more than 600 employees. It provides a wide range of innovative products that enable lawyers, mortgage lenders and estate agents to deliver more efficient and advanced service to their property clients. More information about the company can be found at www.firsttitle.eu. First Title is a wholly owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889. First American is America’s largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people’s lives. Additional information about the First American Family of Companies can be found at www.firstam.com.