Bank jugging is a term used to describe a scenario where a robber waits in the parking lot or other area near the bank and observes customers going in and out of the bank location. They look for customers who exit the bank with a deposit bag or a thick cash envelope. Branch lobby entrances, in-store teller lines, drive throughs, and ATMs are prime locations for this to occur. The customer is followed by the jugger to their next destination, whether it be to the grocery store, gym or home. The jugger will then take the opportunity to either break into their vehicle or rob them directly.
In our latest News from the Vault article, Craig Collins of Intact Financial Services shares ways to identitify a potential jugger and safety tips. Click the link to read the complete article.
"In business, and in life, very few of us want to be perceived as moving slowly. Speediness has become the most desirable state, from rolling out products before your competitors to enrolling our children in every extracurricular to find the talent that will slingshot them ahead of their peers. We need to redefine what moving slowly can really mean in business. Slow is thoughtful. Slow is strategic. Slow is smooth…", said Vineet Bansal, Chief Information Officer at Intact Insurance Specialty Solutions in a latest article for Forbes.
Vineet, who is also a Forbes Council Member, remarks on the dangers of moving too quickly in business and outlines key factors to achieve business success and longevity.
Click the link to read complete article.
It is well known that ATMs are subject to many different types of attacks, from skimming or tampering, to robbery. In the last few months, the U.S. has seen a spike in a new type of assault on ATMs-“Hook and Chain” attacks. In this style of attack, criminals attach chains or cables to the ATM, hook those chains to a vehicle and attempt to physically pull off the door of the safe of the ATM.
In a recent article published by Iowa Bankers Association, Intact Financial Services’ Craig Collins shares steps that banks can take to mitigate risk and protect their ATMs. He highlights procedural tune-ups, specialized hardware and location as three imperative factors to ensure that employees, customers, and equipment remain safe.
The business landscape has changed drastically over the past several months as the world has struggled to combat and adapt to a global health crisis. Many organizations successfully pivoted their workforce to remote work, some even reporting increased productivity as a result. While there may be some positive outcomes of this forced remote environment as companies reconsider their flexible work arrangements and dollars spent on office space, unintended consequences and risks may also emerge.
Read complete article by Intact Management Liabilty's Brian Lester published in the Insurance Journal.
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 >>
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.