News and Articles—Financial Institutions



article image 4-30-22.jpgOvercoming Banking Industry Challenges

April 30, 2022

There are new challenges in the banking industry that emerge every year. Changes in the economy, new customer needs, and evolving regulations are just a few of the factors that often impact financial institutions’ operations. Still, banks are a necessity… more ▶


articles image_0086_24.jpgHow is Force-Placed Insurance Removed?

September 15, 2020

When a bank or other financial institution agrees to extend a loan for financing an automotive or property purchase, that institution faces significant risks. In most cases, buyers are required to obtain insurance to protect the loan. When that insurance is not obtained… more ▶


articles image_0085_25.jpgWhat is Force-Placed Insurance and What Does it Cover?

September 8, 2020

When a real estate property is financed for purchase, the purchaser is not the only entity with exposure to risk. The lender also faces substantial risks in these transactions. To help manage these risks, a specialized form of insurance known as force-placed insurance… more ▶


articles image_0083_27.jpgFiduciary Liability: What it is and Why Your Clients Need it

August 11, 2020

Financial institutions that offer employee benefit plans to their workers face significant risks. As the regulatory landscape of banking corporate governance shifts, risk exposures also shift. Litigation related to the management liability of employee benefits programs… more ▶


articles image_0080_30.jpgCommon Commercial Bank Risks

July 14, 2020

In every business and industry, there are risk exposures that must be addressed. The banking sector is no exception. Banks and other financial institutions face a wide range of risks, including several unique exposures to this important component of the world economy… more ▶


articles image_0065_45.jpgThe Risk of Employee Theft and Crime in Financial Institutions

February 11, 2020

Financial institutions around the world face significant risks in their operations – both externally and from within. Employee theft and crime, including fraudulent activities, are believed to be the largest risks banks and other financial services firms face… more ▶


articles image_0064_46.jpgBreaking Down Financial Institution Bonds

February 4, 2020

Financial institutions face many risks in their business operations, including risks that come from both external and internal sources. One of the primary emerging internal risks plaguing the financial services industry is that of employee dishonesty, which can… more ▶


articles image_0045_65.jpgUnderstanding the Fiduciary Duties and Liabilities of Association Board Members

July 16, 2019

The daily operation – the business – of most planned housing developments is managed by a community association or homeowners association (HOA). Most such associations have a board of directors who oversee the management and maintenance of… more ▶


articles image_0019_91.jpgWhat it Means to Insure Financial Institutions

September 4, 2018

Financial institutions face unique risks in their daily operations – risks that many other business types simply do not experience. Because of intense regulatory scrutiny, financial institutions must have in place rigorous risk management protocols, including… more ▶


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Overcoming Banking Industry Challenges

April 30, 2022 | There are new challenges in the banking industry that emerge every year. Changes in the economy, new customer needs, and evolving regulations… more 

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The Benefits of Cyber Insurance

April 15, 2022 | Cyberattacks seem to be a fixture in the news as of late, and it’s easy to see why. Data breaches, malware, and distributed denial-of-service attacks… more 

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The State of the Property Insurance Market

April 1, 2022 | Surveying the property insurance market will reveal several key trends. It will also offer insight into the general state of the economy… more