Economic risks and exposures associated with mortgage portfolios have become more complex; so has protecting banks from losses. As a response to this, OneBeacon Financial Service has created a new policy to account for different types of losses that could impair mortgages, as well as certain exposures from originating and services loans.
Authored for South Dakota Banker by OneBeacon's Financial Services’ Betsy Good.
OneBeacon Financial Services' President Craig Collins recently published an article about the importance of employees being ergonomic while working from home. In this article, he provides tips and insights on how to work comfortably and safely at home. He also addresses some risks if not taking the proper precautions.
Read full article written by Financial Services' Craig Collins on page 12 of South Dakota Banker.
When we are asked about the most concerning type of property loss seen in banks, it is not vandalism, wind or even fire; it’s the quiet drip of a cracked pipe or the sudden surge of water flooding a basement from the sump or the sewer.
Authored for Iowa Banker by OneBeacon's Financial Services’ Craig Collins.
OneBeacon Financial Services’ President Craig Collins recently wrote a new article about the importance of employees taking vacation in the banking industry. In this article, he highlights the concern around not taking vacations, the warning signs, and vacation policy suggestions for the employer.
Read full article written by Financial Services' Craig Collins on page 6 of South Dakota Banker.
The specialty lines business may be small, but the margins can be impressive where carriers are successful at it. Being successful requires understanding certain peculiarities and honing a special discipline toward product development.
Read full article with contributions from OneBeacon Specialty's Jeff Richardson in Carrier Management
Cybercriminals will steal data any place they can find it, whether from a giant conglomerate or a small business.
Read full article co-authored by OneBeacon Healthcare's Patricia Hughes on page 18 >>
According to the 2018 U.S. Attorney's Annual Statistical Report, the Department of Justice (DOJ) filed more than 53,000 criminal cases that year. The majority of these filings are immigration, drug offense or violent crime cases, but there are a percentage of cases related to civil rights violations and discrimination.
Read full article written by Government Risks' Sarah Schmitz on page 7 of Public Risk Magazine.
Banks do an excellent job keeping their customers safe while on the bank’s premises. However, there has been a significant uptick in robberies of bank customers taking place after they leave the safety of the bank’s parking lot.
Read the full article written by OneBeacon Financial Services' Craig Collins on page 16 of Kentucky Banker Magazine.
Most of us are well aware of ransomware and how prolific of an attack vector it has become. Attacks such as SamSam, WannaCry, NotPetya, Petya and others have resulted in significant economic damage to their victims, either through ransom payments or the associated downtime.
Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.