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Customized Protection for Bank’s Environmental Risks

Customized Protection for Bank’s Environmental Risks

While the FDIC requires banks to carry bankers’ environmental risk insurance, that isn’t the only reason to have the policy. Many people don’t associate financial institutions with negative environmental impacts. Unfortunately, banks can take on the liabilities posed by assets they take on making the insurance a must to protect the bank’s financial assets. Credit Risk When a customer invests in a property by taking out a loan, they may not follow through on their commitments when they learn about…

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