The Insurance Application

The Insurance Application

The Insurance Application   How It’s Completed Can Make a Difference At least every three years, and now just about every year, the community bank must apply for renewal of its Financial Institution Bond and/or a Directors and Officers Liability Policy. This...
Protecting Yourself as a Bank Director

Protecting Yourself as a Bank Director

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...
Lowering Your Financial Institution Bond Cost

Lowering Your Financial Institution Bond Cost

Lowering Your Financial Institution Bond Cost   Usually, the largest part of a community bank’s insurance program is its financial institution bond premium. While there aren’t many ways to lower this premium, many banks to not take advantage of the opportunities...
Foreclosed Property Insurance

Foreclosed Property Insurance

Foreclosed Property Insurance   It is the rare bank indeed that does not have foreclosed property these days. Most banks have a great deal of foreclosed property on their books and insuring it properly and economically has become a real problem. What do the...
Cutting through the Clutter

Cutting through the Clutter

Mission of Bahr Consultants, Inc.   “We help people with insurance problems without selling any insurance.” That’s what W. Hank Bahr says when asked to explain exactly what it is his company, Bahr Consultants, Inc. does. It seems like a rather...