Fidelity National Financial Inc., Irvine, Calif., has acquired certain assets of Bankers Insurance Group, including the rights to issue new and renewal flood insurance policies underwritten by Bankers Insurance and its subsidiaries.The terms of the deal were not disclosed. As part of the transaction, FNF also acquired FCIC, an insurance carrier licensed in 50 states, to act as the underwriter for the policies. FNF said the deal involved more than 360,000 flood insurance policies originated through a nationwide network of 10,000 independent agents in conjunction with the National Flood Insurance Program. FNF, a provider of title insurance and real-estate-related products and services, can be found online at http://www.fnf.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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