For over
30 years, Kevin F. Donoghue & Asociates has
provided comprehensive risk management and insurance
consulting services to private and public sector
clients - from banks and trust companies to mutual
funds to insurance agents groups. The following
cases outline some of the services we have delivered
to our clients.
Client: Savings Bank ($500 million
in assets)
We performed an audit of this institution’s
risk management and insurance program and insurance
broker and assisted in the comparison of renewal
proposals from their broker, resulting in a confirmation
of their existing program, with minor improvements
in coverage.
Savings Bank ($1.5
billion in assets)
After conducting an audit of this bank’s
insurance and risk management program, with a
number of recommendations for improvement, we
assisted the bank in reducing their overall premium
by 15%.
Housing Finance Agency ($3
billion loan portfolio)
Working closely with our client, we revised their
borrower insurance requirements, performed training
for the individuals responsible for implementation
and continue to provide ongoing support for compliance-related
questions.
Insurance Agent Group:
We developed and implemented an errors and omissions
liability program that provides generous coverage
very cost-effectively to a group of thousands
of insurance agents. On an ongoing basis, KFDA
administers the program and assists in claims
and coverage disputes.
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