Specialist insurer Beazley has launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral for commercial loans. In the event of both a loan default and the discovery of environmental contamination on a property, the policy will… Continue reading Beazley Launches Environmental Liability Cover for Lenders
Tag: bank insurance
Big U.S. Banks Face Increase in Attempted Cyberattacks
Some large U.S. banks have seen an uptick in attempted cyberattacks in recent weeks, according to people familiar with the matter, at a time when federal officials are stepping up warnings to banks about cyberthreats. The federal officials have asked the banks—which include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Wells… Continue reading Big U.S. Banks Face Increase in Attempted Cyberattacks