The first South Dakota title insurance policy was sold in 1954 by Land Title Guarantee. The Sioux Falls Based Land Title Guarantee was started by Ernie Carlson and is still in business today.
The first and only title underwriter domiciled in South Dakota incorporated in 1993 in Sioux Falls. Dakota Homestead was started by Mark Meierhenry, Todd Meierhenry and David Dyke. Dakota Homestead is 1 of only 47 title insurance underwriters operating in the United States.
County Abstract Agencies in South Dakota date back to the 1800's, when South Dakota was still part of the Dakota Territory. These abstract companies performed some of the same services as performed today by the current County Land Title Agencies. In fact most of these abstract companies would now be classified as land title agencies. That's because currently most land title transactions in South Dakota utilize title insurance, with very few abstracts being completed or updated.