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0 0.000945179584120963 -0.00189035916824193 -0.00425330812854442 -0.00425330812854442 0.00094281663516075 -0.00614366729678634 -0.00425330812854442
Stock impact report

North American Title and Industry Innovator States Title Plan to Join Forces to Create a Leading Title Technology Business

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: PR Newswire
MIAMI, Dec. 6, 2018 /PRNewswire/ -- North American Title Group (NATG), a wholly-owned subsidiary of homebuilder Lennar (NYSE: LEN and LEN.B), today announced that it plans to combine its underwriter and the majority of its retail title business with States Title, Inc. States Title is a Silicon Valley-based "insurtech" startup that uses predictive analytics to underwrite the title on a property nearly instantaneously, helping customers close real estate transactions safely, quickly, and inexpensively.The deal, which is expected to close in January 2019 if pending regulatory approval in California and Arizona is obtained by year end, calls for States Title to acquire NATG's underwriter, North American Title Insurance Company (NATIC), and the majority of the retail business of NATG's national title agency, North American Title Company (NATC). The new company will continue to operate under the North American Title brand and Lennar will assume a substantial minority equity ownership stake. Show less Read more
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