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Title insurance

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Fidelity National Posts $198.3 Million Q3 Loss 

Oct 23, 2008By

Title insurance titan Fidelity National Financial [stock FNF][/stock] swung into the red during the third quarter, posting a $198.3 million loss, or $.95/share, on Thursday morning; the quarterly loss came after the insurer eked out a slight $6.9 million, or $.03/share, gain in the second quarter. The Q3 loss was driven by a $261.6 million charge to build up loss reserves.