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United States
2005 (21 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Southern Fidelity Insurance Company
Company Information
Get to know Southern Fidelity Insurance Company
Founded in 2005, Southern Fidelity Insurance Company (SFIC) was a residential property insurance carrier specializing in homeowners, dwelling fire, and related lines of coverage. The company focused its operations in catastrophe-prone states, including Florida, Louisiana, Mississippi, and South Carolina. After facing significant financial difficulties, including substantial underwriting losses and the inability to secure adequate reinsurance coverage for the 2022 hurricane season, SFIC was deemed insolvent. In June 2022, the company was ordered into receivership for liquidation by the Florida Department of Financial Services, leading to the cancellation of all active policies and the cessation of its business operations.
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