ABA Insurance Services
Bond and D&O Insurance Coverages

ABPFIC is now American Bankers Mutual Insurance, Ltd.

 | How to Apply | More Program Information |
| STAMP Surety Bond | Employment Practices Loss Control Resources |
| Internet Banking Liability Coverage |

For ABA Members -- Mission Critical Insurance...

Formerly known as the ABA Sponsored Insurance Program, underwritten by Progressive, ABA Insurance Services has been a market leader for nearly twenty-five years and is recognized by insurance and banking professionals as a secure, stable and affordable source of coverage.

ABA Insurance Services is owned by American Bankers Mutual Insurance Ltd. (formerly known as American Bankers Professional and Fidelity Insurance Company), a mutual reinsurer owned and directed by ABA member banks. American Bankers Mutual Insurance Ltd. (ABMI) distributes profits to ABA member insureds through a unique profit-sharing program.  To date, $71.5 million has been declared in profits to ABA member policyholders.

BACKGROUND

During the mid-1980s, it became difficult for financial institutions to obtain affordable insurance due to instability in the banking industry.  To assist community banks, the American Bankers Association formed a mutual reinsurance company to partner with the Progressive Group of Insurance Companies, creating the ABA Sponsored Insurance Program.  In 2010, the name of the program changed to ABA Insurance Services.

PROGRAM BENEFITS

• Nearly twenty-five years' experience insuring community banks
• Coverages such as Privacy Protection address bankers' evolving needs
• Opportunity to participate in a profit-sharing program that has declared $71.5 million in total distributions to participating banks
• Easy to apply--simply submit your current carrier's applications
• A+ rated insurance carrier (A.M. Best) 
• Loss control resources such as the SafeTalk enewsletter and bulletins are provided. Policyholders of the program's Employment Practices Liability coverage access a dedicated Employment Practices Helpline and Web site at no additionl cost.
• Experienced underwriters who understand bank operations and design coverage programs to address the specific needs of each bank
• In-house legal experts handle claims quickly and fairly
• Membership in a unique partnership
• Unparalleled customer service standards 
• We work directly with you or with your trusted insurance agent
• 29 State Bankers Associations endorse the program

COVERAGES

Professional Liability

• Directors & Officers Liability
• A-Side Plus® 
• Bankers Professional Liability
• Broad Form Company Liability
• Employment Practices Liability (Employment Practices Loss Control Resources are available)
• Internet Banking Liability
• Lender Liability
• Privacy Liability
• Trust Services Liability

Bond Insurance

• Financial Institution Bond
• STAMP Surety Bond
  

HOW TO APPLY

Contact: Michael J. Read
E-mail:  mread@abais.com
ABA Insurance Services 
5910 Landerbrook Drive, Suite 100
Mayfield Heights, OH 44124
www.abais.com

CAB CONTACT PERSONS

John Wolff Tel: (202) 663-5486
Monica Condon Tel: (202) 663-5475

Questions? Please contact Jackie Lucas for more information.