Insights—Financial Institutions
Liability in the Banking Sector
May 1, 2024
In the global financial sector, liabilities loom as an ever-present risk, capable of destabilizing even the most robust institutions. As financial entities navigate through a labyrinth of operational, credit, and market risks, the necessity… more ▶
E&O and More in the Mortgage Industry
November 1, 2023
Real estate professionals, including mortgage lenders, face numerous risks. These risks can result in significant financial burdens, particularly when legal claims are filed against these professionals for errors or omissions in mortgage contracts… more ▶
5 Risks Banking Institutions Face in 2023
May 2, 2023
Today's banking industry faces a troubled global economy, a volatile political climate, and growing cyber threats—not to mention fallout from the second-largest bank failure in U.S. history. This year looks to present more challenges… more ▶
Avoiding Mortgage Mistakes
February 21, 2023
Purchasing a home is one of the most significant decisions people make in their lifetime. It requires a lot of time and thought to work out the logistics of securing the financing and meeting all legal requirements. Many homeowners need clarification… more ▶
U.S. Risk’s Financial Institutions Division Receives National Recognition as Best Property Insurance Company
December 22, 2022
For the third consecutive year, U.S. Risk’s Financial Institutions Division, J.B. Lloyd & Associates (JBL), was recently recognized through… more ▶
Who Needs Force-Placed Insurance?
December 1, 2022
Financial institutions that fund home loans often maintain strict standards for borrowers. In addition to the initial criteria applicants must meet, a mortgage contract typically requires home or business insurance to cover the property. If a borrower fails to… more ▶
How Inflation Affects Banking and Insurance
July 14, 2022
It's estimated that inflation in the U.S. can cost the average household as much as $341 per month. This expense can be attributed to the rising cost of food, household supplies, and essential services. The cost is even higher… more ▶
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 ▶