News & Insights
News & Insights
OneBeacon Financial Services’ President Craig Collins recently wrote a new article about the importance of employees taking vacation in the banking industry. In this article, he highlights the concern around not taking vacations, the warning signs, and vacation policy suggestions for the employer.
Read full article written by Financial Services' Craig Collins on page 6 of South Dakota Banker.
The specialty lines business may be small, but the margins can be impressive where carriers are successful at it. Being successful requires understanding certain peculiarities and honing a special discipline toward product development.
Read full article with contributions from OneBeacon Specialty's Jeff Richardson in Carrier Management.
As the use and sophistication of technology increases, it would stand to reason that it would be more difficult for fraudsters to gain access to bank accounts via ATMs. Unfortunately, crooks seem to be equally sophisticated and quickly outwit many safeguards soon after they are put in place. Here are some highlights and examples of ATM frauds that are unfolding across the country.
Read full article written by Financial Services' Craig Collins on page 5 of Kentucky Banker Magazine.
Cybercriminals will steal data any place they can find it, whether from a giant conglomerate or a small business.
Read full article co-authored by OneBeacon Healthcare's Patricia Hughes on page 18>>
According to the 2018 U.S. Attorney's Annual Statistical Report, the Department of Justice (DOJ) filed more than 53,000 criminal cases that year. The majority of these filings are immigration, drug offense or violent crime cases, but there are a percentage of cases related to civil rights violations and discrimination.
Read full article written by Government Risks' Sarah Schmitz on page 7 of Public Risk Magazine.
Banks do an excellent job keeping their customers safe while on the bank’s premises. However, there has been a significant uptick in robberies of bank customers taking place after they leave the safety of the bank’s parking lot.
Read the full article written by OneBeacon Financial Services' Craig Collins on page 16 of Kentucky Banker Magazine.
Most of us are well aware of ransomware and how prolific of an attack vector it has become. Attacks such as SamSam, WannaCry, NotPetya, Petya and others have resulted in significant economic damage to their victims, either through ransom payments or the associated downtime.
Any commercial entity, including drug and alcohol testing businesses, that uses (i.e., allows employees to operate) vehicles that are not owned by the company, but are leased, hired, or borrowed, should consider the enterprise risk transfer strategy of insurance to address potential liabilities and losses. But what types of auto-insurance policies or endorsements to other policies are needed? Which policies are primary vs. secondary? Are there special considerations for drug and alcohol testing businesses? How should a company manage these risk exposures?