A lender, whether a credit union or a bank, should obtain verification that an insurance vendor has adequate and documented disaster recovery plans.
An insurance provider's stability is vital because they have a financial obligation to their insured. Read more about what factors lenders should...
In this series on Insurance Vendor Management for Lenders, we discuss what factors to consider regarding claims and administration of the policy.
All insurance policies are not created equal! Financial Institutions must ask specific questions to be sure they understand the policy and limits.
This article is the second in a series of two that discusses some of the most common objections to VSI that I hear from financial institutions.
Read about some of the most common misconceptions about VSI when compared to CPI in part 1 of our series.