This is a question heard frequently in our current market. Individual and Commercial insurance buyers are experiencing rate increases, and in some areas, the premium changes are significant. What’s driving these price hikes?

Water damage can be quiet, slow, steady and can occur for a long period of time before you even know it’s happening. Because of this, it is also expensive to repair. Carpets, walls, ceilings, electrical and often the contents of the room will need to be replaced after a water loss.

When the Equal Credit Opportunity Act passed in 1974, most women did not know the law existed, and it was incredibly difficult for women to obtain a loan on their own. Bankers frequently told women that they needed male figures in their lives, including their fathers, husbands, brothers, grandfathers, uncles, or other male relatives to co-sign for their loans. Unfazed by these practices, however, a group of Colorado women decided to open their own bank to give credit opportunities to women and change the financial services industry for good.

When preparing for the foreclosure of a property, surprises may come up. You could find yourself tasked with many new responsibilities and a checklist of to-dos on the fly, leaving the foreclosure process hectic and tedious. With foreclosures on the rise, these best practices can help keep you on track in the preparation and duration of a foreclosed property.

Some lenders question why they need insurance for their mortgaged property if they’re tracking the borrower’s required insurance. Now, economic risks and exposures have become more and more complicated—so has protecting your financial institution from losses associated with your mortgage portfolio. With all the different types of losses that could impair your mortgages, and the myriad of exposures from originating and servicing loans, you may need a broad, flexible product that lets you customize your insurance.

It’s that time of year again – the Federal Home Loan Bank (FHLB) and Government Sponsored Entities (GSEs) are reviewing their lending partners to make sure they meet their requirements, including adequate insurance.

Going into a new year, inflation continues to be a key topic for individuals, but are your business customers keeping pace? Insurance to Value is not a new concept. Each year leading up to renewal, it’s one of the many items on an underwriter’s checklist - to update values for a business. Often, insurance customers suggest that values are fine as is. However, in this current environment, that approach will likely result in under-insured property values and it’s more important than ever have those values updated at renewal.

Winter is here and it’s time to bundle up your banks, credit unions, institutions and other financial services properties. To help prevent customers and employees from being injured on your property, certain precautions and efforts can be taken to maintain property upkeep from snow, ice, and freezing temperatures. If an accident occurs at one of your locations, you can be held accountable and may be required to make monetary reparations to the victim.

Incidents continue to be reported to banks and their insurers involving data compromises that occur at the bank customer's location. This article will provide some of the most common and evolving methods of data compromise.

While card skimming, wire fraud, or hook and chain losses have dominated conversations about risk for banks, a new threat is on the rise: "jugging." As customers and businesses start to return to normal, foot traffic inside and around the bank is increasing. Unfortunately, some of the additional visitors are looking at methods of robbing customers after they leave the bank lobby. This article will define "jugging," look at clues for identifying a potential jugger, and provide some procedures to implement to protect your customers from falling victim to jugging.