Insurance

Report: Bankers Expect Rising Premiums for Cyber, FIB, Property Insurance

Results from ABA’s 2015 Bank Insurance Survey Report show that bankers expect most of their insurance premiums to remain the same or, in some cases, decrease for the next renewal cycle. Most banks saw estimated premiums rise for cybersecurity, property insurance and financial institution bond policies, among others.

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ABA Insurance Services Introduces New Cyber Policy and Resources

ABA Insurance Services, ABA’s endorsed insurance provider, today announced a new cyber liability and privacy insurance policy to help banks protect themselves against data breaches and related threats. Named Cyber Cover, the policy offers three core insuring agreements and six optional coverage components, with each piece designed to protect against a critical cyber or privacy exposure. The core policy includes ...

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ABA, ABIA Welcome Private Flood Insurance Bills

ABA and its American Bankers Insurance Association subsidiary yesterday welcomed a pair of bipartisan bills, S. 1679 and H.R. 2901, that would help develop a competitive private marketplace as an alternative to the National Flood Insurance Program.

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