- London-Based Insurer Also to License Flood Risk Score as Part of Flood Risk Solution -

AUSTIN, Texas, June 16 /PRNewswire-FirstCall/ -- First American SpatialSolutions, a member of The First American Corporation (NYSE: FAF) family ofcompanies and a leader in spatial and natural hazard risk solutions, announcedtoday that it has licensed key components of its Advanced Flood Risk Solutionsto the United Kingdom's Brit Insurance Holdings (Brit Insurance), a member ofLloyd's of London and an international insurer and underwriter of floodpolicies in the United States.

Under the licensing agreement, London-based Brit Insurance will employFirst American's Advanced Flood Risk Solutions, a suite of products designedto meet the underwriting, portfolio management, risk transfer and hazardmonitoring needs of the insurance industry. Of the products in the suite,Brit Insurance will utilize First American's Flood Risk Score, which combinescomprehensive flood hazard data, such as levee and dam inventory andconditions, historical flooding patterns and advanced hydrological science, toprovide an exceptionally accurate underwriting compliance and management tool.Brit Insurance will also utilize First American's U.S. Flood Catastrophe Modelto enable comprehensive analysis of both riverine and coastal flood riskexposure at the portfolio and policy level for locations throughout thecontinental United States.

'Over the last decade, the United States has experienced a significantincrease in flood exposure and losses. Consequently, the insurance industryhas communicated the need for an innovative solution to profitably manageflood risk,' stated Kevin Madden, vice president of business development forFirst American Spatial Solutions. 'Brit Insurance's forward-looking decisionto manage flood risk actively through the use of our underwriting andportfolio management tools provides them with the ability not only to managetheir existing portfolio but also to take advantage of opportunities to writeadditional business that is favorably priced and fits their risk profile.'

'Combined, First American's Flood Risk Score and Flood Model represent anexceptional solution to comprehensive flood risk management.