Bamboo Insurance Acquires Assets of First American Property and Casualty Insurance Agency

(Image source: Bamboo homepage.)

Bamboo Insurance (Midvale, Utah), an InsurTech distribution company focused on transparency, customer advocacy and a frictionless experience, announced that it has acquired certain of the assets of First American Property and Casualty Insurance Agency (FAPCIA) from parent company First American Financial Corporation (Santa Ana, Calif.), a provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American announced in October 2020 its intent to exit its property and casualty business and to maintain focus on its core business.

The assets acquired include over $22 million

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