ITIC - Investors Title Company

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Investors Title Company

121 North Columbia Street
Chapel Hill, NC 27514
United States
919-968-2200
http://www.invtitle.com

SectorFinancial
IndustrySurety & Title Insurance
Full Time Employees307

Key Executives

NameTitlePayExercisedAge
Mr. J. Allen FineFounder, Chairman, CEO and Chairman of Investors Title Insurance Company1.16MN/A82
Mr. James A. Fine Jr.Pres, Chief Financial Officer, Chief Accounting Officer, Treasurer and Director1.11MN/A55
Mr. W. Morris FineEVP, Sec. and Director1.11MN/A50
Ms. L. Dawn MartinVP of Corp. Admin. and Investor Relations OfficerN/AN/A50
Ms. Mitchell D. Ward SPHRVP of HRN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. The company also provides services in connection with tax-deferred real property exchange; serves as a qualified intermediary in like-kind exchanges of real or personal property; coordinates the exchange aspects of the real estate transaction; and performs duties, including drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it serves as an exchange accommodation titleholder in reverse exchanges when the taxpayer must acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and provides consulting services to clients to start and operate a title insurance agency. It issues title insurance policies primarily through approved attorneys from underwriting offices, as well as through independent issuing agents in 22 states and the District of Columbia, primarily in the eastern half of the United States. Investors Title Company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.

Corporate Governance

Investors Title Company’s ISS Governance QualityScore as of December 1, 2017 is 10. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 10; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.