When First National Title Insurance Company (FNTI) was created, we knew we would eventually expand to other states. We also knew that we would select states with strong networks of independent agents, solid title premiums, and low claims.
Last year, we identified Florida as our next target and spent a majority of the year developing the strategy to succeed in that market. I am pleased to announce that FNTI is now licensed and open for business in the great state of Florida. We recently added our first Florida employee, Audra Tyler, as our plant manager. Audra’s title examination experience is originally from Texas, but after moving to Florida a few years ago, she learned all the nuances of examining Florida real estate. She is excited to join the team, and we are glad to have her. Audra will be supported by local Tampa attorney, John Redding. John has the varied experience of running his own law firm and title agency and has also worked as underwriting counsel for a national underwriter. We currently have John on retainer. DJ Horn is leading this team of experienced title veterans and has plans to expand both the agent network and title plant personnel as demand increases. He saw the opportunity and potential to grow FNTI in Florida and has turned his plan into a reality.
Florida has a large number of independent agents looking for a supportive, agent-driven underwriter. The overall real estate market has fully recovered, and the growth potential for an underwriter that does not compete with any of the independent agents is enormous. We intend to be the underwriter of choice for a large group of like-minded, entrepreneurial agents.
Our entire team is dedicated to this successful venture. As we grow our network, we will manage the staff and look for talented individuals that share our vision and plans for the future. This is a great time to be in the title insurance industry, and we are confident in our vision. It is the independent agent that drives the market in Florida, and FNTI is now there to support their efforts.
FNTI grows when you grow your business. So thank you for allowing us the opportunity to help you expand your business. And, thank you for your continued support this year.