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Travelers launches new financial institutions bond for asset managers

Travelers launches new financial institutions bond for asset managers ....

Tracey Santor , Travelers Companies ,

Banks See Rise Rise in 'Smash-and-Grab' Thefts from Automated Teller Machines


Banks See Rise Rise in ‘Smash-and-Grab’ Thefts from Automated Teller Machines
Convicted bank robber Willie Sutton, when asked why he robbed banks, famously said, “because that’s where the money is.”
In today’s socially-distanced world, criminals increasingly are turning their attention to the money inside automated teller machines whether outside a bank or inside a neighborhood convenience store. And their smash-and-grab method of extraction often involving heavy equipment stolen from nearby construction sites has become yet another COVID-19 cost driver for insurance carriers.
Travelers says that claims for damages because of ATM thefts increased by 220% from 2019 to 2020. Due to COVID-19 bank closures or restricted hours, customers are encouraged to use ATMs and banks are holding more money in them than before. ....

United States , Tracey Santor , Willie Sutton , Lisa Moughan , George Floyd , Industry Association , Texas Bankers Association , Crime Task , Bankers Insurance Agency , Task Force , Southeast Texas , Private Sector Liaison , Wall Street Journal , ஒன்றுபட்டது மாநிலங்களில் , ட்ரேசி சந்தோர் , வில்லி சுட்டன் , ஜார்ஜ் ஃப்லாய்ட் , தொழில் சங்கம் , டெக்சாஸ் வங்கியாளர்கள் சங்கம் , குற்றம் பணி , பணி படை , தென்கிழக்கு டெக்சாஸ் , ப்ரைவேட் துறை தொடர்பு , சுவர் தெரு இதழ் ,

As Criminals Innovate, ATM Thefts Becoming a Growing Source of Insurer Loss


As Criminals Innovate, ATM Thefts Becoming a Growing Source of Insurer Loss
Convicted bank robber Willie Sutton, when asked why he robbed banks, famously said, “because that’s where the money is.”
In today’s socially distanced world, criminals increasingly are turning their attention to the money inside automated teller machines whether outside a bank or inside a neighborhood convenience store. And their smash-and-grab method of extraction often involving heavy equipment stolen from nearby construction sites has become yet another COVID-19 cost driver for insurance carriers.
Travelers says that claims for damages because of ATM thefts increased by 220% from 2019 to 2020. Due to COVID-19 bank closures or restricted hours, customers are encouraged to use ATMs and banks are holding more money in them than before. ....

United States , Tracey Santor , Willie Sutton , Lisa Moughan , George Floyd , Industry Association , Texas Bankers Association , Crime Task , Bankers Insurance Agency , Task Force , Southeast Texas , Private Sector Liaison , Wall Street Journal , ஒன்றுபட்டது மாநிலங்களில் , ட்ரேசி சந்தோர் , வில்லி சுட்டன் , ஜார்ஜ் ஃப்லாய்ட் , தொழில் சங்கம் , டெக்சாஸ் வங்கியாளர்கள் சங்கம் , குற்றம் பணி , பணி படை , தென்கிழக்கு டெக்சாஸ் , ப்ரைவேட் துறை தொடர்பு , சுவர் தெரு இதழ் ,