JACKSONVILLE, Fla. (AP) -- Fidelity National Financial Inc. is considering whether to sell some of its specialty insurance businesses to raise enough money to continue paying its dividend and buy back its own stock, the insurer said Thursday.Fidelity National hired Bank of America to advise on "strategic alternatives" -- which in corporate vernacular often means selling -- for the specialty insurance division.
The company is looking at alternatives for the federal flood insurance and personal lines businesses, but not the home warranty business.
The flood insurance business sells policies protecting against flood damage through the U.S. National Flood Insurance Program, under which insurers act as agents for selling flood coverage offered by the federal government.
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