Posts in Category: Banks

Blog Post List

ABA Insurance Services Rolls out Enhanced D&O Liability Coverage 

ABA-endorsed Insurance Program offers new policy features

ABA Insurance Services has developed a Directors & Officers Liability (D&O) policy to protect financial institutions and their directors, officers and employees to keep pace with today’s litigious environment.

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ABMI announces 27th consecutive distribution to participating banks 

$82.7 million has been declared in total distributions since 1991.
American Bankers Mutual Insurance, Ltd. (ABMI), the reinsurer of the ABA-endorsed insurance program, has declared a $1.5 million distribution to current member banks of the American Bankers Association (ABA) that have D&O, Financial Institution

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Webinar video: The Ins & Outs of Cyber Insurance 

Original broadcast: March 31, 2016

Now available for viewing. Original broadcast: March 31, 2016. Moderated by American Bankers Association's Doug Johnson. Pete Hilbert and Mike Read of ABA Insurance Services provide insight into identifying cybersecurity exposures, what’s current in the cyber insurance industry and discuss the details behind most cyber insurance policies for financial institutions.

 

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BakerHostetler selected to provide security incident response and preparedness services as part of cyber insurance program for banks 

Cyber Coverage Offered As Banking Industry Is Subjected to Greater Scrutiny

ABA Insurance Services has selected BakerHostetler's award winning Privacy and Data Protection team to be the premier legal services provider as part of our new Cyber Insurance program for banks.

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FREE Webinar recording: What bankers need to know about cyber insurance 

Original broadcast: July 23, 2015

Originally broadcast July 23, 2015, this cyber insurance webinar is now available for free for playback/download. Gain an understanding of cyber insurance basics, including key coverage components with claims examples. Recent industry changes as well as buying considerations are also reviewed. Click on "Read more" below for more details and to playback or download the presentation.

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Transgender in the workplace 

Given the EEOCs heighten focus on transgender issues and the increase in administrative claims, an influx of private lawsuits is sure to follow. It is important to have an anti-discrimination/harassment policy that includes gender identity and sexual orientation in conjunction with an EPL policy to mitigate exposure in a claim.

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FBI issues bulletins on Dyre and Carbanak malware 

The FBI released several updates and bulletins to the banking industry regarding two different malware: Dyre and Carbanak/Anunak. The Dyre malware is being used with social engineering in order to get around two-factor authentication typically required by banks for large wire transfers.

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