Latest Fidelity Headlines
All the headlines from our Fidelity Topic Page, ordered by recency.
Title Insurer Fidelity National Says 1.3 Million Customers Affected by Cyberattack
Jan 11 2024 // Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyberattack it suffered last November. According to a filing with the U.S. Securities and Exchange Commission, FNF...
Fast Facts about Fidelity Bonds and Public Official Bonds
Jul 6 2023 // This post is part of a series sponsored by Old Republic Surety. When do commercial or government entity clients require bonds rather than insurance? Does commercial crime coverage eliminate the need for a fidelity bond?...
FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures
Aug 23 2022 // Thanks to the mounting number of insolvencies of Florida property insurers in the last two years, the Florida Insurance Guaranty Association will have to borrow $150 million and extend a surcharge on policies through...
42,000 Louisiana Homeowners to be Dropped by Southern Fidelity Friday
Jul 21 2022 // More than 40,000 homeowners are looking for new insurance policies after an insurance company dropped them, following similar moves by two other companies. Southern Fidelity canceled 42,000 policies Friday, leaving...
Fidelity Bonds: Good for Employers and an Insurance Agency’s Bottom Line
Jun 20 2022 // This post is part of a series sponsored by Old Republic Surety. A type of insurance, fidelity bonds provide critical protection against employee theft for your clients and an additional revenue stream for your...
Rehab Plan Didn’t Suffice. Southern Fidelity Sinks into Insolvency
Jun 16 2022 // Two weeks after it lost its financial stability rating, Southern Fidelity Insurance Co. has been ordered into receivership and is being liquidated, making it the fourth Florida property insurer this year to bite the...
Southern Fidelity Loses Rating; Heritage, People’s Trust Complete Re Programs
Jun 6 2022 // The Demotech insurance industry rating firm has withdrawn the financial stability rating for Southern Fidelity Insurance Co. after the carrier said it was unable to complete its reinsurance program at the start of...
People’s Trust, Southern Fidelity Stop Writing New Business in Florida
May 27 2022 // Two more property insurers, including two of Florida’s larger carriers, did not wait around to see what help the just-concluded special session of the Legislature may provide, and have stopped new business in the...
Florida Rate Hearing Highlights Southern Fidelity’s Dire Position, Lack of Action on Senate Bill
Jan 24 2022 // The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced to seek more capital from investment firms, a prospect that may not be...
Corporate Crime: How Fidelity Bonds May Reduce Its Impact on Your Business
May 17 2021 // This post is part of a series sponsored by Old Republic Surety. Fidelity bonds differ from liability insurance and errors and omissions insurance. They protect against corporate crime. Does your commercial client’s...
Fidelity Slashes Valuation of Restructured Ant Group of China
May 3 2021 // U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group, the Wall Street...
HG Holdings to Acquire National Consumer Title Insurer From Southern Fidelity
Apr 30 2021 // North Carolina-based HG Holdings said it has agreed to acquire 100% of the equity of Florida-based National Consumer Title Insurance Co. from Southern Fidelity for for $5.5 million. The deal also includes 100% of the...
Former Fidelity Investments’ Employee Claims Discriminatory, Hostile Workplace
Dec 9 2020 // A former female employee of Fidelity Investments has sued the company for discrimination and a hostile workplace where women were allegedly disparaged and racially insensitive comments were made, according to a...
HSCM Bermuda Takes Majority Stake in Florida Insurer Southern Fidelity After Merger
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
First Fidelity Brokerage of N.Y., Moulton Insurance of Mass., Acquired by PCF
Jul 31 2020 // PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired two brokerages based in the Eastern U.S. The brokerages that have joined PCF include: First Fidelity Brokerage, a New York City-based...
Title Insurer Fidelity National to Acquire FGL Holdings
Feb 7 2020 // Fidelity National Financial Inc said on Friday it would acquire U.S. annuities and life insurance firm FGL Holdings Inc. in a deal valued at $2.7 billion, as it seeks to expand beyond its core title insurance...
Chubb Launches Financial Institution Fidelity Bond for Asset Managers
Dec 19 2019 // Chubb has introduced a new fidelity insurance product, the Financial Institution Bond for Asset Managers, to address risks faced by today’s asset managers. The financial fidelity bond provides modernized coverage for...
Brown, Szary Join Great American’s Fidelity/Crime Division in Ohio
Oct 15 2019 // Great American Insurance Group, headquartered in Cincinnati, Ohio, has hired Matthew (Matt) Brown and Joseph (Joe) Szary as divisional directors within its Fidelity /Crime Division. Brown has 16 years of industry...
Southern Fidelity Insurance Recruiting New Agents in Mississippi
Sep 18 2019 // Southern Fidelity Insurance Company, a regional insurance company serving consumers throughout the Southeast, is looking to recruit local agents in Mississippi after expanding into the state in July. The company, which has...
Title Insurers Fidelity National, Stewart Information Call Off Merger
Sep 10 2019 // Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the Federal Trade Commission’s issuance of an administrative complaint...
