Financial Institution Riskopolis
From fraudulent transactions to employee theft and defective collateral, financial institutions face complex exposures that can lead to costly claims. Explore the potential risks highlighted throughout Financial Institutions Riskopolis and learn more about the scenarios that may affect your clients!
Private Equity Firm
The Insured sustained a loss due to reasonable reliance upon written original promissory notes and mortgages which had been forged and fabricated.
Mortgage Banker
In connection with a loan application, a mortgage banker was duped into relying upon defective collateral.
Investment Advisor
A bad actor hacked into the Insured’s computer systems. He was able to alter login credentials and made unauthorized transfers from a customer’s account.
Hedge Fund
Property was transferred improperly from fraudulent entry of electronic data due to a system intrusion into the computer system owned and operated by the Insured.
Stockbroker
An Insured’s registered representative diverted clients’ funds to products he controlled rather than to products he was authorized to sell. He then altered the client’s monthly statements to prevent discovery of the loss.
Bank
A bank teller discovered an overnight robbery. The thieves gained access to the vault by climbing down an elevator shaft and drilled holes through walls to enter the adjacent vault.
Insurance Company
The Insured made claim payments that were sent via postal mail. An outsider intercepted outgoing checks and altered them. Loss was due to check forgery.
Finance Company
An insured employee was a record keeper and stole half on the loan payments after setting up loans. He then pocketed and diverted money into his personal accounts.
Your Partner in Crime®
Since 1995, we’ve been insuring clients from crime-related losses. We have a depth of experience in both underwriting and claims that is unmatched in the marketplace. Discover how our specialization and expertise provide the advantage to address your unique needs.
