Blog Post List

ABMI announces 26th consecutive distribution to participating banks 

$81.2 million has been declared in total distributions since 1991.
Dec, 2015 Categories: Press Releases

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.

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Community banking and the “Green Rush” 

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

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.

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

by Dirk Hanket, P&C Product Manager
Jul, 2015 Categories: SafeTalk

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.

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Transgender in the workplace 

Jun, 2015 Categories: Employment Practices

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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Third-party service provider contracts-don't just accept, negotiate! 

by Lisa Micciche, ABA Insurance Services, Product Manager
May, 2015 Categories: Cyber

Using third-party service providers can increase confidence and capacity for banks, but a systems breach occurring at a third-party vendor can create havoc. A risk management area receiving attention lately is contract negotiations and for good reason.

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