Latest Fidelity Headlines
All the headlines from our Fidelity Topic Page, ordered by recency.
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart
Sep 9 2019 // The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance provider Fidelity National Financial, Inc. from buying rival Stewart Information Services...
Fidelity Wins Court Battle with IRS Over Coal Tax Credits
Aug 15 2019 // Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal. U.S. Tax Court Judge David Gustafson ruled at a court hearing...
Fidelity Battles IRS Over Tax Credits for Coal Investment Involving A.J. Gallagher
Aug 14 2019 // Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of...
Southern Fidelity Insurance Expands into Mississippi
Jul 19 2019 // Southern Fidelity Insurance Co. has expanded into Mississippi and will offer HO-3 homeowners coverage and customer service in the state. Southern Fidelity was founded in 2005 by Jimmy Graganella in Tallahassee, Fla. Since...
Gristina Joins Great American as Fine Art Specialist in Fidelity/Crime Division
Apr 2 2019 // Cincinnati, Ohio-based Great American Insurance Group has hired Andrew Gristina as divisional director in its Fidelity/Crime Division. A fine art specialist, Gristina will oversee the management and underwriting of the...
Title Insurer Fidelity National to Buy Competitor Stewart for $1.2 Billion
Mar 19 2018 // Title insurer Fidelity National Financial Inc. has agreed to acquire Stewart Information Services Corp. for approximately $1.2 billion. The consideration will be $50 per share of common stick, paid 50 percent in cash and...
Jury Sides with Fidelity in 10-Year Case Against Employee Who Alleged Retaliation
Nov 15 2017 // A U.S. jury on Tuesday sided with Fidelity Investments in rejecting a claim the mutual funds company retaliated against a former employee after she complained that it potentially defrauded investors by incorrectly...
Indiana’s American Inter-Fidelity Exchange OK’d to Sell Insurance in Arkansas
Oct 4 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to an Indiana-based company to begin selling insurance products in Arkansas. Kerr has approved American Inter-Fidelity Exchange of...
Starr Companies Enhances Crime & Fidelity Endorsement
Jul 14 2017 // Starr Companies has launched an enhanced crime & fidelity endorsement expanding coverage for fraudulent impersonation losses. According to Brian Inselberg, senior vice president, Financial Lines, the enhanced coverage...
Fidelity National Unit Reported Close to Settlement Over Robo-Signing
Dec 29 2016 // A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis,...
Willis Towers Watson Launches Cyber, Fidelity Coverage for Financial Institutions
Nov 4 2016 // Willis Towers Watson has launched CyFI, or “cyberinsurance and fidelity,” for financial institutions that addresses coverage gaps between cyberinsurance policies and fidelity bonds. As financial institutions...
Mass. AG Announces $209K Settlement With American Fidelity Assurance
Dec 4 2015 // American Fidelity Assurance Company (AFA), a life and health insurance company based in Oklahoma City, has agreed to pay $209,000 to settle allegations that it failed to cover mandated benefits required by state law and...
Main Street America to Offer Surety, Fidelity Bonds in Louisiana
Aug 4 2015 // The Main Street America Group announced it has received regulatory approval from the Louisiana Department of Insurance to write commercial surety and fidelity bonds in the state. The business will be underwritten through...
Hanover Enhances Fidelity, Crime Coverage
Jul 21 2015 // The Hanover Insurance Group, Inc. has launched a new Fidelity & Crime Advantage coverage program offered within its management liability portfolio. The coverage provides businesses with an enhanced product suite to...
Beazley Hires Kontonotas as Crime & Fidelity Underwriter in New York
Jun 26 2015 // Michael Kontonotas Specialist insurer Beazley hired Michael Kontonotas as an underwriter for the company’s crime & fidelity bond underwriting team. He will work from Beazley’s New York office. Kontonotas...
Main Street America Now Writing Surety, Fidelity Bonds in Mississippi
Mar 24 2015 // The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the...
Hub International Acquires Fidelity Associates in Spokane, Washington
Jan 9 2015 // Hub International Limited (Hub), a global insurance brokerage, announced that it has acquired the assets of Fidelity Associates Inc. and Fidelity Associates Financial Services Inc.(collectively, Fidelity), servicing...
AIG’s Barone Joins Beazley’s Fidelity and Crime Insurance Unit
Oct 15 2014 // Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients against crimes. Barone joins...
Berkshire Hathaway Specialty Enters Fidelity & Crime Market; Names AIG’s O’Neill
Sep 23 2014 // Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O’Neill to lead the effort. O’Neill joins BHSI with 30 years of fidelity and crime...
Life Insurers Flock to ‘Easy’ Iowa As More Federal Oversight Looms
Mar 28 2014 // After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its...
