Blog Post List

ABMI announces 27th consecutive distribution to participating banks 

$82.7 million has been declared in total distributions since 1991.
Posted by Catherine Kopera Nov, 2016 Categories: ABMI American Bankers Association American Bankers Mutual Insurance Banks Distribution Press Release Spotlight
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

 
 

ABMI announces 26th consecutive distribution to participating banks 

$81.2 million has been declared in total distributions since 1991.
Dec, 2015 Categories: American Bankers Association Distribution Press Release Spotlight

American Bankers Mutual Insurance, Ltd., the reinsurer of the ABA-endorsed insurance program, 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

 
 

Community banking and the “Green Rush” 

Why banks resist the urge to service marijuana-related businesses
Dec, 2015 Categories: Legalized Marijuana SafeTalk Spotlight

The opening up of the market for recreational and medical marijuana is so lucrative that it has been dubbed the “Green Rush.” Marijuana-related businesses in these states, like most businesses, need to receive suitable banking services; however, banks are generally unwilling to establish and fulfill these banking relationships.

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
Sep, 2015 Categories: Banks Cyber Cyber Liability News Press Release Spotlight

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

 
 

What is “Negligent Entrustment” and what does it mean for your bank? 

by Dirk Hanket, P&C Product Manager
Jul, 2015 Categories: Loss control Negligent Entrustment P&C SafeTalk Spotlight

The number of negligent entrustment suits and verdicts is increasing, with large settlements being common and judgments often including punitive damages. The costs of developing and implementing a safety and risk program are minimal compared to the emotional and financial costs of negligent entrustment.

Read More