title insurance News

Title Insurer Fidelity National to Acquire FGL Holdings

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 business. Reuters reported on …

AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer

AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved coverholder, with operations in the U.K., Europe, India and the Americas. Founded in 2012, Secure Legal Title provides insurance to …

Title Insurers Fidelity National, Stewart Information Call Off Merger

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 seeking to block the merger. FNF said it will make a payment …

U.S. Opposes Merger of Title Insurers Fidelity National and Stewart

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 Corp. The FTC valued the deal at $1.2 billion. …

Title Insurer First American Says App Defect May Have Exposed Customer Data

U.S. real estate title insurance company First American Financial Corp. said on Friday it had learned of a design defect in one of its production applications that had made possible unauthorized access to customer data. The statement was sent in …

Montana Jury Awards $2M in Mistaken House Title Suit

A Yellowstone County, Mont. jury has awarded just over $2 million in damages to a Texas man after a loan servicing company negligently included the legal description of his Billings property in the foreclosure paperwork for a Butte property. District …

White Mountains Invests $13M in Title Insurer, OneTitle

Bermuda-based holding company White Mountains Insurance Group Ltd. has agreed to provide up to $13 million to OneTitle National Guaranty Co. Inc. and will take a minority stake in the company. OneTitle is a licensed New York title insurance underwriter …

Arkansas Senate OKs Plan to Create New Agency to Regulate Title Insurance

The Arkansas Senate is backing a proposal to set up a new commission that would supervise the title insurance business. The body approved Sen. Jeremy Hutchinson’s bill on a 20-11 vote on March 17. The bill had failed the day …

N.Y. Regulators to Start Licensing Title Insurance Agents for First Time

New York’s new budget gives state financial regulators authority to issue licenses to title insurance agents for the first time. Sponsors say the measure is intended to protect consumers and lower costs for New York homeowners. The state’s Department of …

Secure Legal Title Launches Lloyd’s Coverage

Secure Legal Title Ltd., a London-based provider of legal indemnity and title insurance, announced the registration at Lloyd’s of “Secure Legal Title Cover,” which will provide legal indemnity and title insurance for commercial property in the UK and throughout Europe. …