Since the OP mentioned in a comment that he's using Microsoft.Xna.Framework.Graphics.Color
rather than System.Drawing.Color
you can first create a System.Drawing.Color then convert it to a Microsoft.Xna.Framework.Graphics.Color
public static Color FromName(string colorName)
{
System.Drawing.Color systemColor = System.Drawing.Color.FromName(colorName);
return new Color(systemColor.R, systemColor.G, systemColor.B, systemColor.A); //Here Color is Microsoft.Xna.Framework.Graphics.Color
}