First-party fidelity bonds protect businesses against intentionally wrongful acts ( fraud, theft, forgery, etc . ) committed by employees of that business.
12.
In many cases, businesses in finance or banking require their contractors to carry third-party fidelity bond coverage to prevent losses from theft.
13.
But the fact remains that the people who pulled money out of Fidelity bond funds didn't move their money into Fidelity stock funds.
14.
Under Steffanci, the Fidelity bond funds adopted an aggressive investing style like the one the company used so successfully to manage stock funds.
15.
Steffanci took the heat when aggressive Fidelity bond funds lost money in 1994, hurt by moves into risky derivatives and Latin American debt.
16.
The SFAA is a trade association consisting of companies that collectively write the majority of surety and fidelity bonds in the United States.
17.
Analysts said BankBoston might try to recoup the lost $ 70 million through its fidelity bond, a common insurance product that protects banks from employee fraud.
18.
Fidelity Bond & Mortgage, based in Blue Bell, Pa ., recently arranged refinancing for a New York City office building that had asbestos-wrapped pipe in the basement.
19.
Wedell said he and others again tried to collect on the fidelity bond, believing that the conviction requirement had been met, but ran into a new problem.
20.
The losses claimed by the American Federation of State, County and Municipal Employees are covered by a form of insurance often referred to as a fidelity bond.
