Insights

Banks are expected to conduct a review of their bank-owned life insurance (BOLI) portfolio annually under the guidance of the Interagency Statement of 2004. This supervisory oversight responsibility assures regulators that a bank's risk management processes for BOLI are consistent with safe and sound banking practices. Due to the nature of the insurance information, most vendors assist their clients through the process, but this review is often only a snapshot in time of the BOLI portfolio. Wha

Even before the impact of the COVID-19 pandemic was felt by the real estate insurance market, insureds were already beginning to experience the adverse effects of a dynamically changing purchasing environment.

Grand Plan: A Sample Scenario Your plans are made. The premise is set for your business and you embark upon site location. Lo and behold, you come across a vacant corner lot located in the middle of a commercial zone. Negotiations begin and before you know it, a letter of intent is executed and due diligence begins. In a perfect world, professionals are engaged through proper legal channels — you include architects/engineers, your preferred broker at NFP, environmental consultants and your good

Discover the challenges underwriters and event organizers face when events are canceled.

Healthcare consumers and employers who sponsor benefits plans continue to battle rising costs. According to a March 2019 Peter G. Peterson Foundation article, the United States spent roughly $3.5 trillion, or more than $11,000 per person, annually. As a percent of GDP, we currently spend 17% on healthcare, and most economists expect this number to be 25% or higher by 2025. Between the mandates of the Affordable Care Act and the competitive talent market, employers are almost forced to be i

It’s been just over four months since COVID-19 was declared a global pandemic by the World Health Organization. Since then, companies of all sizes have been working tirelessly to ensure their IT infrastructures can accommodate the almost instant change from working in an office to work-from-home settings with no potential end date in sight. While many companies have polled their employees to determine their comfort level with a potential return to the office, and plan on doing so in waves to pr

When a business is in distress and forced to sell assets or consider filing for bankruptcy protection, the company’s property and casualty insurance policies likely aren’t a top priority. They should be. Insurance Optimization and Restructuring Insurance optimization has four key uses in the restructuring process: Protecting key stakeholders (management liability pre- and post-restructuring). Identifying and recovering sources of trapped cash (collateral recovery in Chapter 11 and 7, and conse

Learn about the different types of buy-sell arrangements, the positives of each arrangement, and what needs to be considered when implementing one.