In today’s increasingly complex financial and regulatory environment, you need peace of mind that your bank’s portfolio is protected every step of the way. That’s why at Tokio Marine Highland (TMH), we provide the trusted and comprehensive lender-placed insurance solutions that thousands of banks nationwide rely on to safeguard their loans from potential uninsured losses.

As a leading property and casualty underwriting agency, we help you manage your bank’s risks through a broad portfolio of specialty risk management solutions. Backed by more than half a century of experience and the financial strength of our parent company Tokio Marine Kiln, one of the largest insurers at Lloyd’s, London, we strive to deliver the products and services that make it easier for you to protect your loan portfolio.


For NYBA member banks, we offer:

Lender-Placed Flood, Hazard and Wind Insurance for Mortgage Loans

TMH’s quick-issue lender-placed insurancefor mortgage loans deliver the protection and benefits that matter most to you including:

  • Immediate coverage – no waiting period

  • Compliance support – ensures full adherence to applicable federal and state laws and regulations

  • Flexible and CFPB-compliant borrower notification cycle

  • No co-insurance requirement – building is covered up to the amount of insurance placed

  • Ability to backdate coverage up to 30 days

  • Deficiency coverage when a borrower’s policy does not have the required amount of insurance

  • Coverage automatically renews to prevent lapses or gaps

  • Fast and professional claim service by TMH’s wholly owned Precise Adjustments

 

Collateral Protection Insurance for Auto Loans

TMH’s easy-to-use collateral protection insurance (CPI) for auto loans secures your interests by helping borrowers protect theirs. Our CPI product protects the auto loan collateral for your borrowers who find it difficult to obtain their own insurance. It’s a win-win solution to managing your risk and increasing or retaining business. Our CPI coverage includes:

  • Continuous protection for all-risk physical damage, waiver of repossession, confiscation, conversion (skip), and insufficient insurance

  • A full range of administrative and support services that include insurance data capture and verification, borrower notifications, exposure reporting, coverage placement, inbound/outbound calling, and more

 

Insurance Tracking for Medium-sized Loan Portfolios

TMH’s insurance tracking and outsourcing services help reduce your costs, manage your exposures, and ensure regulatory compliance. This service delivers the following benefits:

  • Identifies insurance exposures per loan and per collateral

  • Sends compliant borrower notices of insurance requirement

  • Responds to borrowers’ insurance questions through knowledgeable TMH customer care representatives

  • Automatically places coverage if no proof of insurance is received within the period you allow

  • Provides a secure, online portal to view insurance history, documents, notices and claims

 

For more information, contact TMH’s Sheri Kordsmeier, SVP National Sales, at 404-514-9458 or sheri.kordsmeier@tmhighland.com. To learn more about TMH’s broad capabilities and innovative solutions, visit www.tokiomarinehighland.com


Want more information?  Contact our Profit Solutions Division at 1-800-522-5607 or gkananis@nyba.com