Industry News

Fidelity to refund $7.7 million to title insurance consumers

Company reaches settlement in California probe; will pay $5.6 million penalty
Published on Jul 20, 2005

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by CareyBot

Fidelity National Financial has reached a settlement with the California Department of Insurance following the agency’s investigation into captive reinsurance practices in the title insurance industry, the company said today.   While admitting no wrongdoing, Fidelity agreed to refund approximately $7.7 ...

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