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FDIC moves to eradicate 'reputational risk' category from bank exams

FDIC moves to eradicate 'reputational risk' category from bank exams

The move follows the US Office of the Comptroller of the Currency ceasing examinations for reputational risk. 1148 Total views 1 Total shares The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a

IAG Elliott Wave forecast [Video]

IAG Elliott Wave forecast [Video]

ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG  Elliott Wave Technical Analysis – TradingLounge. Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX), featuring INSURANCE AUSTRALIA GROUP LIMITED – IAG. We currently observe that ASX:IAG remains within a corrective wave structure, with expectations of a further minor decline before a possible upward reversal. IAG Elliott Wave technical analysis Function: Major trend (Primary

Strengthen Subcontractor Relationships Through AI-Powered COI Management

Strengthen Subcontractor Relationships Through AI-Powered COI Management

Artificial Intelligence can aid in many construction activities, including insurance. AI-generated Image courtesy of Autodesk Kristen Nunery Every construction project is a team effort, with multiple subcontractors bringing their expertise to the table. Each subcontractor comes with unique insurance requirements that need tracking and verifying, often creating an administrative challenge for contractors. Whether you’re managing

Strengthen Subcontractor Relationships Through AI-Powered Insurance Management

Strengthen Subcontractor Relationships Through AI-Powered Insurance Management

Artificial Intelligence can aid in many construction activities, including insurance. AI-generated Image courtesy of Autodesk Kristen Nunery Every construction project is a team effort, with multiple subcontractors bringing individual expertise to the table. Each subcontractor comes with unique insurance requirements that need tracking and verifying, often creating an administrative challenge for contractors.  Whether you’re managing

FDIC Releases 175 Documents Concerning Crypto Activities

FDIC Releases 175 Documents Concerning Crypto Activities

By Mark Hunter 1 hour agoThu Feb 06 2025 09:33:50 Reading Time: 2 minutes The FDIC has released 175 documents concerning its supervision of banks involved in crypto-related activities Acting Chairman Travis Hill has acknowledged past criticisms of the FDIC’s approach to crypto assets and blockchain The release aims to enhance transparency and provide insight

6 contech firms raise combined $57M

6 contech firms raise combined $57M

This audio is auto-generated. Please let us know if you have feedback. Firms that help builders get materials, remain compliant and communicate on the jobsite were the recipients of recent venture capital funding. Artificial intelligence, in particular, remains a point of interest for contractors as they seek to leverage the technology to gain a competitive

Housing Safety And Affordability Are At Stake, Experts Share Ideas

Housing Safety And Affordability Are At Stake, Experts Share Ideas

Average annual insurance premiums in the first half of 2023 by county show many counties already … [+] stressed by high premium prices. National Bureau of Economic Research In the midst of a wildfire roaring across southern California that is not only destroying homes but also taking lives, home insurance costs are taking on a

FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0

FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0

FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0 Gino Matos · 7 hours ago · 2 min read Although not directly from the FDIC, Hill’s remarks brought new clarity to what critics have called “Operation Chokepoint 2.0.” 2 min read Updated: Jan. 10, 2025 at 8:05 pm UTC Cover art/illustration

FDIC Urged Banks to Avoid Public Blockchains

FDIC Urged Banks to Avoid Public Blockchains

By Mark Hunter 10 hours agoMon Jan 06 2025 09:38:01 Reading Time: 2 minutes The FDIC warned banks about the risks of using public blockchains, highlighting potential security and compliance issues Internal FDIC communications from 2022, revealed through a FOIA request, show regulatory concerns about transparency and fraud risks.   Such a stance has increased concerns

Navigating the Hard Market: Crafting an Insurance Submission that Wins

Navigating the Hard Market: Crafting an Insurance Submission that Wins

Library How to Craft Insurance Submissions That Win in a Hard Market By Peter O’Brien Peter O’Brien Peter is the general manager of Procore Risk Advisors, a modern insurance and surety brokerage helping construction companies unlock the terms and services they deserve. Peter is a passionate business builder. Having spent the last ten years at

Understanding the Importance of Project-Specific Pollution Liability Insurance

Understanding the Importance of Project-Specific Pollution Liability Insurance

Library Pollution Liability Insurance: Cleaning Up Gaps in Environmental Coverage Last Updated May 21, 2024 By Melody Bell Melody Bell Director of Underwriting Melody Bell is Director of Underwriting at Procore. Previously, she spent 15 years as Director and Vice President for managing general agents in the U.S. and London, with a focus on construction