News and Articles—Financial Institutions
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 are just a few of the factors that often impact financial institutions’ operations. Still, banks are a necessity… more ▶
How 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 ▶
What 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 ▶
Fiduciary 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 ▶
Common 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 ▶
The 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 ▶
Breaking 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 ▶
Understanding 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 ▶
What 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 ▶
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 ▶
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 ▶