Stogniew & Associates specializes in providing Insurance Consulting to the banking industry. During the past 15 years, Gerry Stogniew has conducted over 30 seminars covering all of the insurance policies that can be purchased by a financial institution.
The following services can be provided to a financial institution at a reasonable cost:
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Insurance Portfolio Review
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Insurance Policy Evaluation
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On-Site Risk Survey
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Evaluation of Insurance Agents' services
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Assisting Bank-owned Agency in placing coverage
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Analyzing Competitive Renewal Quotes
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Claims Investigation Services
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Claims Filing Assistance
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Litigation Support
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Expert Witness Testimony
For more information,
E-Mail Gerry Stogniew at:
The scope of the Insurance Consulting services provided to an institution can be customized to meet a specific project or overall insurance management under an annual contract.
Risk Survey - The risk survey developed by Stogniew & Associates ("Stogniew") is a proven, systematic process of identifying, quantifying, controlling and transferring risk. The on-site review provides an evaluation of internal controls and risk management systems in order to identify risk exposures that can be reduced by operational improvements or transferred to an insurance contract. High risk areas and specialized products and services are reviewed in order to determine the adequacy of the claim limit and the type of insurance required or the endorsements that can expand coverage. The Survey also evaluates risk management controls in order to justify policy limits, claim limits and retentions.
Insurance Evaluation - Market conditions dictate whether underwriters may be willing to add coverage and modify or delete exclusions that, heretofore, were nonnegotiable. Standard insurance contracts, wordings, terms, conditions and endorsements have become obsolete. Stogniew has specialized in the coverage provided by insurance contracts required by financial institutions. The Firm is thoroughly familiar with the coverages required by financial institutions and the loopholes in the insuring agreements that limit coverage or exclude claims. The Insurance Evaluation summarizes the coverage provided by the policies and the endorsements or riders that are attached to the contract. It also identifies the coverage that can be added or the endorsements, riders or changes in wordings that will broaden the coverage.
Renewal Specifications - Many of the insurance policies purchased by financial institutions have been standardized by the Surety Association of America ("SAA") or the Insurance Services Office. These standard forms can be modified by numerous endorsements or riders that can significantly expand the coverage provided by the policy. Also, the SAA and the industry have developed new forms and insurance contracts that incorporate many of the endorsements that have been added to the standard forms. In soliciting the market for competitive quotations, Stogniew will prepare an analysis of the proposals in order to identify and recommend the broadest coverage for the best price.
Consulting Services - Stogniew can provide consulting services on an hourly basis or on a "retainer" for an annual fee and can include insurance (policy) evaluations, renewal specifications and claims consulting services.