RANSOMWARE, RANSOMWARE WHERE ART THOU RANSOMWARE?

RANSOMWARE, RANSOMWARE WHERE ART THOU RANSOMWARE?

Ransomware Coverage For the last two weeks, I have had more phone calls and/or emails about Ransomware coverage and limits than I have had in the past year. Since the Colonial Pipeline ransomware disaster, it seems that many banks that have a connection to the...
“Audit” is not a Four-Letter word

“Audit” is not a Four-Letter word

“Audit” is not a Four-Letter word Insurance companies do it; FDIC regulators do it; even the Georgia Department of Banking and Finance “highly recommends” doing it. Why do it? Why have an Insurance AUDIT? Can it ever save you money? A risk management and...
Banks and The Cannabis Trade

Banks and The Cannabis Trade

It’s ALL in the NAME   At the time of this writing, there are 11 states that have legalized recreational marijuana use, and 22 states have legalized the sale and distribution of marijuana for medical use. However, the Federal Government considers the sale,...
Bank Insurance and the Corona Virus

Bank Insurance and the Corona Virus

Effects of the Pandemic Just in case you hadn’t had enough articles on how the Corona Virus (Covid19) will affect your bank and your life, let me present you with one more. The insurance industry is just as confused as the rest of us as to how to respond to this...
Prioritizing Risk

Prioritizing Risk

Prioritizing Risk For over 10 years, I taught an insurance course on “Identifying Risk.” While this is still the most vital part of any risk management process, prioritizing the identified risk is a close second. By prioritizing, I mean, “what is the best allocation...
Banks and Guns Don’t Mix – or Do They?

Banks and Guns Don’t Mix – or Do They?

Do Banks + Guns Mix? To go armed or not to go armed? That is the question. Unfortunately, there’s no easy answer. The first answer that comes to most Insurance Risk Managers is, “No Guns. Guns can potentially hurt people and/or destroy property.” However, what is...