SANTA ANA, Calif.--(BUSINESS WIRE)--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.
