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Corporate Central launches Risk Solutions
MUSKEGO, Wis. (8/5/11)--Corporate Central CU, Muskego, Wis, has partnered with Lockton, an insurance and risk management firm, to provide risk solutions for credit unions nationwide. The partnership provides a no-cost/no-obligation risk/gap analysis performed by Lockton to help Corporate Central members understand their current coverage and identify any gaps or issues, benchmark against other credit unions and determine what can be achieved in the marketplace. Also, Risk Solutions, as the program is called, will provide credit unions with preferential access to a nationwide network of insurers and coverage options for bonds; directors and officers’ liability; property; liability; workers’ compensation, and other insurance offerings. Following the risk review process, Lockton will obtain alternative coverage solutions from a list of insurance markets to tailor the right solution for each individual credit union. The process is designed to help credit unions gain a better understanding of their insurance coverage and satisfy their fiduciary duty to their members and/or regulators.

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