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Violation Tracker Individual Record

Company: Fidelity & Guaranty Life Insurance Co.
Current Parent Company: Fidelity National Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $6,250,000
Year: 2014
Date: November 18, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: false advertising
Violation Description: Fidelity & Guaranty agreed to a $6.25 million settlement of litigation alleging it falsely advertised its universal life insurance policies as investments.
Level of Government: state
Action Type: private litigation
Court: Los Angeles County (CA) Superior Court
Civil or Criminal Case: civil
Case ID: BC514340
Case Name: Cressy v. Fidelity & Guaranty Life Insurance Co. et al.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.