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 sometimes requires filling-out a very...

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...

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 that are available to them; thus, they lose the...

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 banking regulators want you to do with...

Cutting through the Clutter

“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 short, simple answer to such a broad...