Posts Categorized: General

The Importance of Understanding Your Policy

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Let’s be honest – insurance policies are long and cumbersome, and with the mountains of paperwork on your desk and in your inbox, the thought of reading through yours is most likely not at the top of your list. However, setting aside some time to review and really understand it at a deeper level could… Read more »

Is it Time to Shop Around?

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As your risk management insurance is coming up for renewal soon, it may be time to consider the benefits of shopping around rather than automatically renewing your current policy. While letting your policy auto-renew might be the easiest solution, performing an RFP or informal RFP every few years could present several opportunities that could benefit… Read more »

Well’s Fargo to Pay $80 Million in Remediation

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In recent news, Wells Fargo has agreed to pay over $80 Million in remediation to customers who were wrongfully charged for auto insurance they did not need. In September of 2016, Wells Fargo terminated their Collateral Protection Insurance Program (CPI), when it was determined that thousands of their customers were issued insurance policies that they… Read more »

Three Ways to Optimize Your 2017

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1. Reallocate your internal resources. 2017 should be about making your life easier. At Lenders Risk, we can simplify and streamline your processes through our Lenders Single Interest (LSI) product, which eliminates the need for tracking of member insurance coverage, thus saving time and money for your organization. Our LSI coverage streamlines the process so… Read more »

2017 Industry Events

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At Lenders Risk, we love having the opportunity to network, make new connections and learn about the latest trends and happenings in the industry. Here we highlight some of the many events happening in the first quarter of 2017 that you may be interested in attending as you work to grow and maintain relationships while… Read more »

Will Trump’s Taking Office Continue to Chip Away at the CFPB’s Authority?

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Donald Trump has wasted no time looking for opportunities to create change since taking office on January 20th, and one organization likely to fall subject to this is the U.S. Consumer Financial Protection Bureau (CFPB). Industry experts and lawmakers say as scrutiny around the role and structure of the CFPB increases, so will the momentum… Read more »

How should the Consumer Financial Protection Bureau (CFPB) be managed?

Why use LSI (Lenders Single Interest)?

The presidential race certainly sparked a healthy dose of debate, controversy, discussion on national and global issues and water cooler fodder. Now that Donald Trump has been elected to lead the nation he will have a great deal of responsibility, and a recent court decision just added to that. According to a mid-October ruling issued… Read more »

Fall is the Perfect Time to Head to the (Insurance) Market

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The change of season is definitely here, and it’s the perfect time to take a deep breath, recharge your batteries and renew your focus. For lending institutions, it’s an opportune time to evaluate annual goals, reassess budgets and consider your insurance planning. Additionally, you will want to have an insurance agent who diligently shops the… Read more »