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Case Studies - Finance

For almost 40 years, KFDA has provided comprehensive risk Risk Management services by Kevin F. Donoghue & Associates 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.

Housing Finance Agency ($4 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 Agents
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.

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%.

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.

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