ABA Insurance Services Inc., formed last year as a successor to the nearly 25-year-old ABA Sponsored Insurance Program, offers directors and officers liability, financial institution bond, internet banking liability, employment practices liability, and other related insurance products to community banks. Approximately 1,700 banks across the nation are insured through the program.rn"We started the program back in the mid '8os to address an insurance crisis," explained ABA executive vice-president John Wolff. "ABA member banks that are insured own the mutual company."
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