executive management memorandum to agents on the LandAmerica status...

To our Agent Partners:

Many of our customers, particularly our customers involved in commercial transactions, have been contacting us with questions about the financial strength of LandAmerica's two major title insurance companies, Commonwealth Land Title Insurance Company and Lawyers Title Insurance Corporation.

It is important to remember that while an affiliate of these underwriters, LandAmerica 1031 Exchange Services Company, Inc. ("LES"), had problems liquidating guaranteed securities, our title insurance companies continue to do business and have adequate surplus and reserves to meet our customers' needs.

These problems do not affect our title insurance companies, as LandAmerica underwriters, Lawyers Title and Commonwealth, have over $300 million in combined statutory surplus. We have put together the attached spreadsheet, which was taken from publicly filed documents, to allow you to see for yourselves that the underwriters remain competitive with other major U. S. title companies.

We hope you will continue to place your title, closing and escrow orders with LandAmerica.

Our talented employees remain available to assist you and service your accounts. And our underwriters have the financial strength to back those orders. Plus, if we are liable for a claim, we can pay it. We have some of the industry's most stringent requirements for reserves in place to protect our policyholders. The LandAmerica underwriters' claims reserves are back by over $1.1 billion in cash and investments.

We appreciate your business, and we are working hard to earn your continued trust. Please call and we'll be happy to answer any questions you may have.