Posts in Category: Banks

Blog Post List

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

Read More

 

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.

 

Read More

 

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.

Read More

 

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.

Read More

 

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.

Read More

 

Fleet-footed investigations and prompt remedial action: the new normal 

The following article by Philip Storm, Earl M. (Chip) Jones, III and Greg Keating is reprinted with permission from Littler Mendelson

Whistleblowing has really become a hot issue. In March 2015, the SEC issued a half million dollar bounty award to a whistleblower, serving as a huge reminder to employers–including community banks–to have protocols in place to investigate and respond to internal complaints and concerns. The national law firm of Littler Mendelson, experts in employment and labor laws, shares some insight to effectively address internal concerns to prevent (potentially embarrassing) escalations of situations.

Read More

 

The importance of having a breach response in place 

Mar, 2015 Categories: Banks Spotlight

The possibility of a bank’s systems being hacked are increasing, regardless of the size of the bank. In addition to the well-publicized breaches of mega and regional financial institutions, we are witnessing more reports of attacks on smaller community banks. Your bank should have a workable breach response plan in place on which your staff can quickly rely and follow immediately upon the discovery of a breach.

Read More

 

25th consecutive distribution declared 

Participating banks to share $1.1 Million
Mar, 2015 Categories: Banks News Spotlight

American Bankers Mutual Insurance, Ltd. (ABMI) has declared a $1.1 million distribution to current member banks of the American Bankers Association (ABA) that have D&O, Financial Institution Bond and related insurance from ABA Insurance Services.

Read More