2009 ABA Bank Insurance Survey Report

Where does your bank's coverage stand in terms of insurance carried by your asset-class peers and the industry as a whole? Are you behind, ahead, or in the middle of the pack when it comes to the Financial Institution Bond and FIB riders?

The 2009 ABA Bank Insurance Survey Report contains more than 90 tables that will provide you with a comprehensive overview ofbanks' corporateinsurance coverage. Thedata is summarized bydifferent asset size groups rangingfrom banks with less than $100 millionto those with more than $50 billion in assets. See the survey methodology.

Clear, concise data tables present key information on the FIB carried,Directors' and Officers' Liability (D&O), Bankers' Professional Liability, Building and Contents, General Liability,and other policies (see the full list). You will find comparative data on policy limits per bank, deductibles, annual premiums, premium adjustments, and outsourcing of risk management functions.
Among the survey's findings:

In addition to the FIB, survey respondentspurchased insurance policies as part of their risk mitigation strategies.Policies carried by more than 9 in 10 surveyed banks include Directors' andOfficer's Liability, General Liability, Umbrella and Excess Liability, Automobile, Employment Practices Liability, and Building and Contents.

The policies with the largest proportion of survey respondents reporting premium increases in 2008 were Building and Contents, FIB, and D&O. While "bank growth" was a common reason cited for such increases, large banks were more likely to attribute the premium gains to "higher prices. For D&O, the aggregate policy limit for corporate reimbursement ranged from $2 million at Group 1 banks to $112.5 million at Group 8 banks.

The ABA Bank Insurance Survey Report should be a required reading for CEOs, CROs, CFOs and any bank executivesinvolved in decision-making about insurance coverages andinstitutionbudgeting.

Release date: December 2009

To order:
Manual:
Hardcopy, spiral-bound in black and white, 88 pages(c) 2009
Catalog #3005756
$400 List Price
$150 ABA Member

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Last updated 12/16/09
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