Southern Fidelity placed into receivership; HSCM plowed $200mn into firm
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Southern Fidelity placed into receivership; HSCM plowed $200mn into firm

Southern Fidelity Insurance Company logo florida sign.jpg

Southern Fidelity has been placed into receivership, as filings on the Office of Insurance Regulation (OIR) website show that parent HSCM has provided more than $200mn in funding to the Floridian insurer since its acquisition in 2020.

The receivership filings recount the insurer’s path to receivership and show that Southern Fidelity and Capitol Preferred – which merged in February 2019 – have been subject to monthly monitoring calls with the OIR since June 2020.

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