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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Financial InsurancePRIMARY
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Southern Fidelity Insurance Company

United States

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.