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Fidelity Will Buy Flood Policies From Liquidated Insurance Firm.(Fidelity National Property and Casualty Insurance)(Brief article)

Mortgage Servicing News

| August 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JACKSONVILLE, FL -- Fidelity National Financial's subsidiary, Fidelity National Property and Casualty Insurance, has received approval to purchase the existing flood insurance policies from a company that has been placed in receivership by Florida authorities.

Fidelity will buy more than 63,000 flood insurance policies originated through a network of Florida independent agents that are backed by the National Flood Insurance Program. The policies were previously serviced by Southern Family Insurance Co., which has been closed by Florida regulators.

The Circuit Court of Florida approved Fidelity's plan to purchase the policies through ...

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