Workman's Compensation Experience Modification Explained
04/21/2003
I have been told that our work comp experience modification is our "fault". Can someone explain this?
Scott Simmonds
Questions Answered
Can we require a customer to maintain terrorism insurance on collateral?
04/21/2003
Can we require a customer to maintain terrorism insurance on collateral?
Tracking Insurance On Improved Real Property
01/20/2003
Our Bank is investigating the possibility of no longer tracking insurance on improved real property under a Blanket Mortgage Security Policy we currently have in place. Provided that the Bank: 1) verifies insurance coverage at closing by obtaining a copy of the Declaration Page (i.e., Evidence of Property Coverage); 2) notifies the mortgagor once a year of the requirement for insurance and; 3) force places coverage for those properties known to be lacking coverage , we feel we do not need to track insurance for improved real property and equipment and inventory residing at the real property location once initial evidence is obtained.My question is by doing this, would we meet all Regulatory Compliance standards as far as flood insurance is concerned? Also, how common is this practice of 'not tracking insurance'?
Workers' Compensation: What does it mean when the 'modification' goes up?
03/11/2002
Our agent tells us our premium is going up because our modification is going up. He tried to explain it but I don't understand. Can anyone help?
eBanking: What insurance issues should we consider?
03/11/2002
What insurance issues should we consider relative to e-banking?