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Bahr Consultants

Banks

1. Completed an Insurance Review and Risk Management Audit for a five-bank holding company. Consolidated bond and insurance programs into one that resulted in a 30% savings of the annual premium while increasing coverage at the same time.

2. Aided a financial institution under a regulatory Cease and Desist Order, to obtain a Financial Institution Bond through a standard insurance carrier. Coverage was improved and the annual premium cost was reduced.

3. Assisted a multi-billion dollar asset bank in bidding its Bond and Directors and Officers Liability coverage. Prepared bid specifications, assisted in the completion of applications, questionnaires, etc., and advised on broker/insurance company selection. Analyzed bids and made recommendation to management. The result was an increase in coverage and a reduction in premium costs with a minimum of time involvement by management.

4. In a recent analysis of a bank’s operations, two activities were discovered that were not covered by the Financial Institution Bond. One of these activities could have resulted in regulatory intervention. Both activities were immediately corrected with no cost to the bank and very little interruption to operations.

5. Assisted financial institution in reversing insurance company claim denial resulting in claim payment of $15,000.

6. Reviewed a bank’s Internet operations and made appropriate changes in coverages and limits in the insurance program.