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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                        Date of Report: January 24, 2001
                        (Date of earliest event reported)



                        LANDAMERICA FINANCIAL GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)



          Virginia                       1-13990                  54-1589611
(State or Other Jurisdiction     (Commission File Number)       (IRS Employer
      of Incorporation)                                      Identification No.)


           101 Gateway Centre Parkway
               Richmond, Virginia                        23235-5153
    (Address of Principal Executive Offices)             (Zip Code)


               Registrant's telephone number, including area code:
                                 (804) 267-8000



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Item 5.      Other Events.

         With respect to the Norwest Suit reported in the Registrant's Form 10-K
for the fiscal year ended December 31, 1999 (as defined  therein),  Commonwealth
Land Title Insurance Company  ("Commonwealth"),  a Pennsylvania  corporation and
wholly-owned  subsidiary of the  Registrant,  has negotiated a settlement of the
suit  on  behalf  of  itself  and its  current  or  former  employees  named  as
defendants.  Pursuant to the settlement,  Commonwealth has agreed to pay Norwest
Mortgage,  Inc. and Norwest Funding,  Inc.  ("Norwest") $2.95 million,  which is
within the range of  Commonwealth's  estimated  costs to  continue to defend the
suit through trial. On January 24, 2001, the court granted Commonwealth's motion
for a good faith settlement  determination,  which would bar, to the extent they
may exist,  certain claims against  Commonwealth  for indemnity by other parties
currently  being  sued by Norwest  on claims  related  to an alleged  fraudulent
mortgage loan scheme  involving loans originated by Allstate  Mortgage  Company.
This ruling is subject to appellate review and there may be further  proceedings
relating to the motion.





                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                                   LANDAMERICA FINANCIAL GROUP, INC.
                                   (Registrant)



Date:  January 26, 2001            By: /s/ Russell W. Jordan, III, Esq.
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                                       Russell W. Jordan, III, Esq.
                                       Senior Vice President and General Counsel