LandAmerica to Merge Underwriting Subsidiaries

RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- LandAmerica Financial
Group, Inc. (NYSE: LFG) announces the merging of its Transnation Title
Insurance Company subsidiary into its Lawyers Title Insurance Corporation
subsidiary, as LandAmerica continues transforming its collection of
independent businesses into an integrated and unified operating company.

LandAmerica stated this process includes consolidating its three
largest underwriters into two: Lawyers Title and Commonwealth Land Title
Insurance Company. The merger will enhance the delivery of title, closing
and escrow services to its network of agents engaged in residential and
commercial real estate transactions through more standardized business
practices and operations.

The merger will also increase efficiencies for LandAmerica. Transnation
is the smallest of the company's three largest underwriters, and the merger
eliminates the capital requirements of maintaining Transnation as a
separate entity, while creating additional surplus for the combined
operations that would not exist if Transnation and Lawyers Title remained
separate.

"Combining Transnation and Lawyers Title strengthens LandAmerica and
brings the full force of our competitive advantages to the marketplace,"
said Theodore L. Chandler, Jr., Chairman and Chief Executive Officer. "Upon
completion of this merger, our customers will benefit from a concentration
of best practices, operating procedures and technology delivered to them
seamlessly and underlined by our commitment to superior service."

About LandAmerica Financial Group, Inc.

LandAmerica Financial Group, Inc. is a leading provider of real estate
transaction services with over 700 offices and a network of more than 8,500
active agents. LandAmerica serves agent, residential, commercial and lender
customers throughout the United States, Mexico, Canada, the Caribbean,
Latin America, Europe and Asia. LandAmerica is recognized as number one in
the mortgage services industry on Fortune's(R) 2007 and 2008 lists of
America's Most Admired Companies.

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[Via Real Estate Newswire]

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