Stewart Information Services
STC
Industrials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Stewart Information Services has accumulated $9.89 million in penalties across 27 enforcement records since 2000 (ViolationTracker). Key actions include: New York AG $2.5 million settlement (2022) for illegal no-poach agreements with competitor title insurance companies, suppressing worker wages and mobility. California DOI $1 million settlement for captive reinsurance kickback schemes — illegal rebates to builders, lenders, and title agents. Washington State OIC $10,050 penalty for insurance violations. Washington State proposed $1.95 million fine (2007). FTC (2019) blocked the Fidelity National Financial acquisition on antitrust grounds, citing competition concerns in the title insurance market. The pattern spans multi-state regulatory actions, antitrust scrutiny, and anti-competitive labor and business practices.
Research Sources
3 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.