Whether it be on the sale or purchase side of the loan participation transaction,
there is an ever-increasing incident of lender liability allegations involving one
financial institution with another. Even if no wrong-doing can be proven, it
must be defended which can certainly be expensive.

Every community bank should assess their FI Bond Agreement E Securities
and Signature Guarantees. Covers loss resulting in acquiring, selling, delivering,
giving value, extending credit or assuming liability on the faith of a certificated

The National Council on Compensation Insurance (NCCI) has filed a “split point” change in its workers-compensation experience rating plan with state insurance departments that could have a significant impact on your business. This rating change could increase or decrease your experience rating mod as it is implemented over the next three years.
Note: Take a look at NCCI’s “The ABC’s of Experience Rating” which explains in not-too- technical terms the premise for the “split point”: http://www.ncci.com/media/pdf/abc_Exp_Rating.pdf

With banking being one of the most regulated industries, you have to ask….

“Are we covered for that, or not?”

 Having insufficient insurance coverage is a risk you cannot afford to take!