Insurance Vendor Management

Insurance Vendor Management: Disaster Recovery and Information Security

A lender, whether a credit union or a bank, should obtain verification that an insurance vendor has adequate and documented disaster recovery plans.

Insurance Vendor Management

What are insurance company ratings and why are they important?

An insurance provider's stability is vital because they have a financial obligation to their insured. Read more about what factors lenders should...

Insurance Vendor Management

Insurance Vendor Management: Service and Claims (Part 4)

In this series on Insurance Vendor Management for Lenders, we discuss what factors to consider regarding claims and administration of the policy.

Insurance Vendor Management

Insurance Vendor Management: All Policies are Not Created Equal

All insurance policies are not created equal! Financial Institutions must ask specific questions to be sure they understand the policy and limits.