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Bahr Consultants

The Three Elements of Cyber/Internet Banking Exposures

With all the attention and “new” products that have emerged on “Cyber Liability,” “Internet Liability” and “Cyber Theft,” it is time to simplify this area a bit. There are really only three (3) areas of “Loss Exposure” to which a Financial Institution should be concerned: First Party Exposure, Second Party Exposure, and Third Party Exposures. […]

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Risk Management & Contingency Planning

The heart of Risk Management is planning for the unexpected. On February 23rd of this year, I had a personal lesson in the unexpected. On a semi-routine hospital visit, I ended up having emergency open heart surgery (not to worry, I’m fine now and back to 100%). While this event was traumatic, the biggest shock, […]

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So what IS a Financial Institution Bond Anyway?

The most important insurance policy a bank has, and the only one that is required by the regulators, is the Financial Institution Bond. However, even as important as it is a great deal of confusion exists as to just what it covers and what it doesn’t cover. While this newsletter will hit only some of […]

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It’s ALL in the NAME

While a “rose by any other name would smell as sweet,” it may not be covered under your insurance policy. One of the easiest and cheapest ways to be sure you have proper coverage is to make certain the name on your insurance policy is correct. Don’t assume that the insurance company will pay a […]

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Lenders Liability Risks

There once was a time was when all a banker had to worry about in dealing with a loan was collecting it. Now you have to worry about whether you will get a lawsuit for not making the loan and even for making it. “What is my likelihood of getting sued if I lend this […]

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Risk Administration

“It’s A Process” You’ve Identified your risk. You’ve Analyzed and Financed it. You’ve Controlled it. So now you’re done, right? Wrong. Now you’ve got to Administer it. Administering a Risk Management Program doesn’t mean you create a nice manual, stick it on a shelf and go about your business. Risk Management is a process, and […]

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Control of Risk

If you have been reading my last few newsletters, you know how to identify risk and how to evaluate it. However, it is best if you can prevent the risk from becoming a loss in the first place. This is where RISK CONTROLS come into play. Risk controls are measures you can take to reduce […]

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D & O Insurance Coverage Vs Cost, A Real Juggling Act

The Financial Institution Directors and Officers Liability policy is probably the most misunderstood and essential insurance policy in any community bank’s insurance program. It is also one of the (if not THE) most expensive policy it has. Discovering the best balance of coverage and cost is the real trick here. In order to establish this […]

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Robbery, Burglary, Embezzlement and Cyber Theft, oh my!

With all the emphasis on loan losses and capital reduction, it seems that banks have paid less attention to losses from robbery, burglary, embezzlement and internet theft. Losses in these areas can financially cripple a bank. But you have insurance to protect you from these types of losses, right? Maybe, but not having these losses […]

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Protecting Yourself As A Bank Director

There is a Far Side cartoon that has two deer standing next to each other. One of them has what looks like a shooting target on his chest. The other deer says, “Dude, bummer of a birthmark.” Many bank directors these days are feeling like that deer with the target birthmark. If anything goes wrong […]

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