First American Financial Corporation Named a Most Innovative Company of the Year Winner at Best in Biz Awards 2024
14 January 2025 - 1:00AM
Business Wire
—Company’s advanced digital tools and
unmatched data assets earn it recognition as a leading innovator
among the broader business community—
First American Financial Corporation (NYSE:
FAF), a premier provider of title, settlement and risk
solutions for real estate transactions and the leader in the
digital transformation of its industry, today announced that it was
named the silver winner in the Most Innovative Company of the Year
(large company) category at the Best in Biz Awards, the only
independent business awards program judged each year by prominent
editors and reporters from top-tier publications in North America.
The 14th annual program saw intense competition among hundreds of
entries from public and private companies, representing all
industries and regions in the U.S. and Canada, and ranging from
Fortune 100 and the most iconic global brands to some of the most
innovative start-ups.
“Receiving recognition as a leading innovator from our peers in
the broader business community further validates our commitment to
the digital transformation of our industry,” said Ken DeGiorgio,
CEO of First American. “This honor is a testament to the talent and
teamwork of our people who deliver the certainty and trust needed
to power seamless real estate transactions for our customers.”
First American’s focus on providing its customers and employees
with digital tools designed to enhance efficiency and streamline
operations, combined with its ongoing efforts to further deploy AI,
machine learning and other technologies, distinguished the company
among its competitors. For example, the company has improved
productivity through its proprietary map-based underwriting tool
that assists First American underwriters reach faster and better
coverage decisions. Additionally, the company has pioneered the use
of AI and machine learning in property data extraction to help
build the industry’s largest property and ownership dataset, which
fuels automated title production.
Since the program’s inception in 2011, winners in Best in Biz
Awards have been determined by independent judging panels assembled
each year from some of the most respected national and local
newspapers, TV and radio outlets, and business, consumer,
technology and trade publications in North America. For a full list
of gold, silver, and bronze winners in Best in Biz Awards 2024,
visit www.bestinbizawards.com/2024-winners.
About First American
First American Financial Corporation (NYSE: FAF) is a
premier provider of title, settlement and risk solutions for real
estate transactions. With its combination of financial strength and
stability built over more than 135 years, innovative proprietary
technologies, and unmatched data assets, the company is leading the
digital transformation of its industry. First American also
provides data products to the title industry and other third
parties; valuation products and services; mortgage subservicing;
home warranty products; banking, trust and wealth management
services; and other related products and services. With total
revenue of $6.0 billion in 2023, the company offers its products
and services directly and through its agents throughout the United
States and abroad. In 2024, First American was named one of the 100
Best Companies to Work For by Great Place to Work® and Fortune
Magazine for the ninth consecutive year, and named one of the 100
Best Workplaces for Innovators by Fast Company for the second
consecutive year. More information about the company can be found
at www.firstam.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250113079819/en/
Media Contact: Marcus Ginnaty Corporate Communications
First American Financial Corporation (714) 250-3298
Investor Contact: Craig Barberio Investor Relations First
American Financial Corporation (714) 250-5214
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