Stewart Reaches Settlement with California Commissioner of Insurance in Richmond Title Proceeding

July 19, 2007

HOUSTON -- Stewart Title Guaranty Co. (Stewart) joined Commissioner Steve Poizner to announce a settlement in the amount of $1.5 million over charges that two of its agents conducted their business illegally in the State of California. Stewart has advised those agents not to prepare title searches, title examinations, title reports and/or certificates of abstract of title where a Stewart title insurance policy is being issued on property located in California.

By entering into the Stipulation and Waiver, Stewart did not admit any wrongdoing, and Stewart entered into the stipulation as a compromise to avoid the cost of further litigation.

Source: Stewart Title Guaranty Co.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.