| Industries |
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| Independent Power Producers and Energy Traders |
| Health Care Distribution and Services |
| Real Estate Services |
| Real Estate |
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Investment Banking and Brokerage |
| Exposures |
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| Military |
| Express intent |
| Rights |
| Regime |
| Crime |
| Cooperate |
| Intelligence |
| Judicial |
| Event Codes |
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| Accident |
| Solicit support |
| Release or return |
| Yield to order |
| Sports contest |
| Reward |
| Host meeting |
| Warn |
| Promise |
| Vote |
| Military blockade |
| Wiki | Wiki Summary |
|---|---|
| Financial condition report | In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters. |
| Financial ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Trustmark (bank) | Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889. |
| Financial analysis | Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports. |
| Federal takeover of Fannie Mae and Freddie Mac | In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. |
| Insurance | Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. |
| Fidelity National Financial | Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 company, is a provider of title insurance and settlement services to the real estate and mortgage industries. |
| Perkin Transactions | Perkin Transactions is a scientific journal devoted to organic chemistry published from 1997 to 2002 by the Royal Society of Chemistry. It was split into Perkin Transactions I and Perkin Transactions II. The predecessor journals published by the Chemical Society before the merger of that Society with other Societies to form the Royal Society of Chemistry were the Journal of the Chemical Society, Perkin Transactions 1 and Journal of the Chemical Society, Perkin Transactions 2 (1972-1996). |
| IEEE Transactions on Computers | IEEE Transactions on Computers is a monthly peer-reviewed scientific journal covering all aspects of computer design. It was established in 1952 and is published by the IEEE Computer Society. |
| Transactions per second | In a very generic sense, the term transactions per second (TPS) refers to the number of atomic actions performed by certain entity per second. In a more restricted view, the term is usually used by DBMS vendor and user community to refer to the number of database transactions performed per second. |
| IEEE Transactions on Pattern Analysis and Machine Intelligence | IEEE Transactions on Pattern Analysis and Machine Intelligence (sometimes abbreviated as IEEE PAMI or simply PAMI) is a monthly peer-reviewed scientific journal published by the IEEE Computer Society. It covers research in computer vision and image understanding, pattern analysis and recognition, machine intelligence, machine learning, search techniques, document and handwriting analysis, medical image analysis, video and image sequence analysis, content-based retrieval of image and video, and face and gesture recognition. |
| Financial transaction | A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. |
| E-commerce | Commerce is the exchange of goods and services, especially on a large scale.\n\n\n== Etymology ==\nThe English-language word commerce has been derived from the Latin word commercium, from com ("together") and merx ("merchandise"). |
| Disparate impact | Disparate impact in United States labor law refers to practices in employment, housing, and other areas that adversely affect one group of people of a protected characteristic more than another, even though rules applied by employers or landlords are formally neutral. Although the protected classes vary by statute, most federal civil rights laws protect based on race, color, religion, national origin, and sex as protected traits, and some laws include disability status and other traits as well. |
| Regulation A | In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt it from such registration. Regulation A (or Reg A) contains rules providing exemptions from the registration requirements, allowing some companies to use equity crowdfunding to offer and sell their securities without having to register the securities with the SEC. Regulation A offerings are intended to make access to capital possible for small and medium-sized companies that could not otherwise bear the costs of a normal SEC registration and to allow nonaccredited investors to participate in the offering. |
| Radio regulation | Radio regulation refers to the regulation and licensing of radio in international law, by individual governments, and by municipalities.\n\n\n== International regulation ==\nThe International Telecommunication Union (ITU) is a specialized agency of the United Nations (UN) that is responsible for issues that concern information and communication technologies. |
| Queen's Regulations | The Queen's Regulations (first published in 1731 and known as the King's Regulations when the monarch is a king) is a collection of orders and regulations in force in the Royal Navy, British Army, Royal Air Force, and Commonwealth Realm Forces (where the same person as on the British throne is also their separate head of state), forming guidance for officers of these armed services in all matters of discipline and personal conduct. Originally, a single set of regulations were published in one volume. |
| New York Codes, Rules and Regulations | The New York Codes, Rules and Regulations (NYCRR) contains New York state rules and regulations. The NYCRR is officially compiled by the New York State Department of State's Division of Administrative Rules. |
| Life insurance | Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. |
| Misophonia | Misophonia is a disorder of decreased tolerance to specific sounds or their associated stimuli that has been characterized using different language and methodologies. Reactions to trigger sounds range from anger and annoyance to activating a fight-or-flight response. |
| Comparison of DNS blacklists | The following table lists technical information for assumed reputable DNS blacklists used for blocking spam.\n\n\n== Notes ==\n"Collateral listings"—Deliberately listing non-offending IP addresses, in order to coerce ISPs to take action against spammers under their control. |
| Complication (medicine) | A complication in medicine, or medical complication, is an unfavorable result of a disease, health condition, or treatment. Complications may adversely affect the prognosis, or outcome, of a disease. |
| Terrorist and Disruptive Activities (Prevention) Act | Terrorist and Disruptive Activities (Prevention) Act, commonly known as TADA, was an Indian anti-terrorism law which was in force between 1985 and 1995 (modified in 1987) under the background of the Punjab insurgency and was applied to whole of India. It was originally assented to by the President on 23 May 1985 and came into effect on 24 May 1985. |
| List of global issues | A global issue is a matter of public concern worldwide. This list of global issues presents problems or phenomena affecting people around the world, including but not limited to widespread social issues, economic issues, and environmental issues. |
| Perfect competition | In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price. |
| Monopolistic competition | Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. |
| Competition (biology) | Competition is an interaction between organisms or species in which both require a resource that is in limited supply (such as food, water, or territory). Competition lowers the fitness of both organisms involved, since the presence of one of the organisms always reduces the amount of the resource available to the other.In the study of community ecology, competition within and between members of a species is an important biological interaction. |
| Technology | Technology is the result of accumulated knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization. |
| Information technology | Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of electronic data and information. IT is typically used within the context of business operations as opposed to personal or entertainment technologies. |
| Technology company | A technology company (or tech company) is an electronics-based technological company, including, for example, business relating to digital electronics, software, and internet-related services, such as e-commerce services.\n\n\n== Details ==\nAccording to Fortune, as of 2020, the ten largest technology companies by revenue are: Apple Inc., Samsung, Foxconn, Alphabet Inc., Microsoft, Huawei, Dell Technologies, Hitachi, IBM, and Sony. |
| Educational technology | Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning. When referred to with its abbreviation, edtech, it is often referring to the industry of companies that create educational technology.In addition to practical educational experience, educational technology is based on theoretical knowledge from various disciplines such as communication, education, psychology, sociology, artificial intelligence, and computer science. |
| Financial technology | Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. |
| Language technology | Language technology, often called human language technology (HLT), studies methods of how computer programs or electronic devices can analyze, produce, modify or respond to human texts and speech. Working with language technology often requires broad knowledge not only about linguistics but also about computer science. |
| Space technology | Space technology is technology for use in outer space, in travel (astronautics) or other activities beyond Earth's atmosphere, for purposes such as spaceflight, space exploration, and Earth observation. Space technology includes space vehicles such as spacecraft, satellites, space stations and orbital launch vehicles; deep-space communication; in-space propulsion; and a wide variety of other technologies including support infrastructure equipment, and procedures. |
| Bachelor of Technology | A Bachelor of Technology (Latin Baccalaureus Technologiae, commonly abbreviated as B.Tech. or BTech; with honours as B.Tech. |
| Risk Factors |
|---|
| LANDAMERICA FINANCIAL GROUP INC ITEM 1A RISK FACTORS Our business is subject to various risks, including the risks described below |
| Our business, operating results and financial condition could be materially and adversely affected by any of these risks |
| Please note that additional risks not presently known to us or that we currently deem immaterial may also impair our business and operations |
| Our results of operations and financial condition are susceptible to changes in mortgage interest rates and general economic conditions |
| The demand for our title insurance and other real estate transaction products and services is dependent upon, among other things, the volume of commercial and residential real estate transactions, including mortgage refinancing transactions |
| The volume of these transactions has historically been influenced by factors such as interest rates and the state of the overall economy |
| When interest rates are increasing or during an economic downturn or recession, real estate activity typically declines and we tend to experience lower revenue and profitability |
| Foreign hostilities could change the demand for real estate transactions |
| The cyclical nature of our business has caused fluctuations in revenue and profitability in the past and is expected to do so in the future |
| In addition, changes in interest rates may have an adverse impact on our return on invested cash, the market value of our investment portfolio and interest paid on our bank debt |
| Our operating revenue for the year ended December 31, 2005 increased by 12dtta3 percent over the prior year, primarily due to a favorable mortgage interest rate environment and strong commercial transactions |
| While in 2005 mortgage interest rates continued to remain at relatively low levels, we have experienced a decline in refinancing transactions since the third quarter of 2003 when mortgage interest rates began to moderately increase |
| For fiscal year 2006, we expect that the level of refinancing transactions will be substantially below the levels experienced in recent years |
| We are subject to government regulation |
| We are subject to federal and state laws and regulations that are administered and enforced by insurance regulators and other governmental authorities |
| These laws and regulations are generally intended for the protection of policyholders and consumers rather than security holders |
| The nature and extent of these laws and regulations vary from jurisdiction to jurisdiction, and their applicability varies from subsidiary to subsidiary, but typically involve: • prior approval of the acquisition and control of an insurance company or of any company controlling an insurance company; 18 ______________________________________________________________________ • regulation of certain transactions, including dividend payments, entered into by an insurance company with any of its affiliates; • approval of premium rates for insurance; • standards of solvency and minimum amounts of capital surplus that must be maintained; • limitations on types and amounts of investments; • restrictions on the size of risks that may be insured by a single company; • licensing of insurers, agents, inspectors, appraisers, home warranty, loan subservicing and other companies and/or employees and independent contractors; • deposits of securities for the benefit of policyholders; • approval of policy forms; • methods of accounting; • establishing reserves for losses and loss adjustment expenses; • regulation of underwriting, marketing and business practices; • regulation of reinsurance; • regulation of escrow accounts; • regulation regarding the use of personal information; and • filing of annual and other reports with respect to financial condition and other matters |
| Centennial is subject to regulation and supervision by the Federal Reserve Bank, the Federal Deposit Insurance Corporation and the California Department of Financial Institutions |
| Banking regulations are intended primarily to protect depositors and the federal deposit insurance funds and not shareholders |
| Regulatory requirements affect, among other things, our banking subsidiary’s practices, capital level, investment practices, dividend policies and growth |
| These laws and regulations are subject to change and may impede, impose burdensome conditions on, or cause rate adjustments or other actions that could materially and adversely affect our business, operating results and financial condition |
| In addition, state regulatory examiners perform periodic examinations of insurance companies |
| We can make no assurances regarding the potential impact of state or federal laws, regulations, policies or interpretations that may change the nature or scope of title insurance or other regulation |
| Heightened regulatory scrutiny of us and the title insurance industry could materially and adversely affect our business, operating results, and financial condition |
| We are and have in the past been subject to information requests and subpoenas from various regulatory authorities relating to investigations of our business practices and the title insurance industry |
| Multiple states are specifically investigating captive reinsurance, a practice where the reinsurer is owned by another entity who helps place the initial request for title insurance |
| The Government Accountability Office is studying the title insurance product, market, pricing, business practices, and potential regulatory changes |
| Multiple states have announced their intent to examine pricing levels and competition in the title insurance industry with a view to determining whether prices are too high, and if so, to implement rate reductions |
| Rate reductions for our title insurance products could result in decreased levels of revenue |
| If we fail to reduce our staffing and other costs to a level consistent with decreased revenues, there could be a material and adverse effect on our business, operating results, and financial condition |
| Any restrictions imposed or actions taken by states with respect to us or the title insurance industry in general may adversely affect our business, operating results, and financial condition |
| 19 ______________________________________________________________________ We may not be able to fuel our growth through acquisitions |
| Our growth has been facilitated by acquisitions, which may or may not be available on acceptable terms in the future, and which, if consummated, may or may not be advantageous to us |
| While we expect to continue making acquisitions or entering into joint ventures as part of our long-term business strategy to expand the services we provide and their distribution, no assurances can be given that we will do so or that we will continue to acquire businesses at the levels previously experienced |
| We may not be able to identify suitable acquisition candidates or complete acquisitions on satisfactory terms |
| Our competitors also have adopted the strategy of expanding and diversifying through acquisitions, and as a result, we may be forced to pay more to acquire companies |
| Our inability to integrate and manage successfully our acquired businesses could adversely affect our business, operating results, and financial condition |
| Our acquisitions and joint ventures may or may not be outside of our traditional business operations |
| The process of integrating any acquired business involves a number of special risks, including our inexperience in managing businesses that provide products and services beyond our traditional business; new regulatory requirements; diversion of management’s attention; failure to retain key acquired personnel (resulting from changes in compensation, reporting relationships, future prospects, or the direction of the business); increased costs to improve managerial, operational, financial and administrative systems; legal liabilities; amortization of acquired intangible assets; and failure in the implementation of controls, procedures and policies appropriate for a larger public company that the acquired business lacked prior to acquisition |
| In addition, there can be no assurance that acquired businesses will achieve anticipated levels of revenue, earnings or performance |
| Our failure to manage acquisitions successfully could materially and adversely affect our business, operating results, and financial condition |
| Regulatory non-compliance, fraud or defalcations by our title insurance agents or employees could adversely affect our business, operating results, and financial condition |
| Our title insurance agents are entities that often represent more than one title insurance underwriter and operate their businesses independently, but subject to various underwriting guidelines from their title underwriter(s) |
| In addition to potential liability on policies written by our agents, governmental authorities or litigants may seek to assign liability to us for the actions of our agents in circumstances where they were acting outside the scope of their authority as agents |
| In certain circumstances, we may incur losses for the fraud, defalcation, regulatory noncompliance and other misconduct of our agents and employees |
| Competition in our industry affects our revenue |
| The business of providing real estate transaction products and services is very competitive |
| Competition for residential title insurance business is based primarily on price and quality of service |
| With respect to national and regional mortgage lenders, service quality includes a large distribution network and the ability to deliver a broad array of real estate services quickly, efficiently and through a single point of contact |
| Competition for commercial title business is based primarily on price, service, expertise in complex transactions and the size and financial strength of the insurer |
| Title insurance underwriters also compete for agents on the basis of service and commission levels |
| Although we are one of the largest providers of real estate transaction products and services in the United States, four other companies—FNT, The First American Corporation, Old Republic International Corporation and Stewart Information Services, Inc |
| —have the size, capital base and agency networks to compete effectively with our products and services |
| In addition, some of our competitors may have, or will have in the future, greater capital and other resources than us |
| Competition among the major providers of real estate 20 ______________________________________________________________________ transaction products and services and any new entrants could materially and adversely affect our business, operating results, and financial condition |
| Significant industry changes and new product and service introductions require timely and cost-effective responses |
| As a national provider of real estate transaction products and services, we participate in an industry that is subject to significant change, frequent new product and service introductions and evolving industry standards |
| In addition, alternatives to traditional title insurance, such as lien protection products, have emerged in recent years |
| We believe that our future success will depend on our ability to anticipate changes in technology and customer preferences and to offer products and services that meet evolving standards on a timely and cost-effective basis |
| The development and implementation of new products and services may require significant capital expenditures and other resources |
| There is a risk that customers may not accept our new product and service offerings and we may not successfully identify new product and service opportunities nor develop and introduce new products and services in a timely and cost-effective manner |
| In addition, products and services that our competitors and other real estate industry participants develop or introduce may render certain of our products and services obsolete or noncompetitive |
| We license software and technology from third parties, including some competitors, and incorporate it into or sell it in conjunction with our own software products, some of which is critical to the operation of our business |
| If any of the third party software vendors were to change product offerings, increase prices or terminate our licenses, we might need to seek alternative vendors and incur additional internal or external development costs to ensure continued performance of our products |
| Such alternatives may not be available on attractive terms, or may not be as widely accepted or as effective as the software provided by our existing vendors |
| If the cost of licensing or maintaining these third party software products or other technology significantly increases, our gross margin levels could significantly decrease |
| Further, our third party vendors may not have the capacity to develop and support software and systems that are necessary to process large volumes of transactions |
| In addition, interruption in functionality of our products could adversely affect future sales of licenses and services |
| Advances in technology could also reduce the useful lives of our products, preventing us from recovering fully our investment in particular products and services |
| As a result, our inability to anticipate industry changes and to respond with competitive and profitable products and services could materially and adversely affect our business, operating results, and financial condition |
| Our litigation risks include substantial claims by large classes of claimants |
| From time to time we are involved in litigation arising in the ordinary course of our business |
| In addition, we currently are and have in the past been subject to claims and litigation not arising in the ordinary course of business from large classes of claimants seeking substantial damages |
| Material pending legal proceedings not arising in the ordinary course of business are disclosed in our filings with the Securities and Exchange |