Financial Guaranty Insurance Brokers, Inc.

Insurance Agency in Pasadena
2500 East Colorado Boulevard #260, Pasadena, CAOpening at 8:30 AMOpen today until 5:00 PMOpening at 8:30 AM on MondayOpening at 8:30 AM tomorrowSorry, we're closed
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Posted on Jan 11, 2019

As we see the events against Wells Fargo unfold, it seems to be getting worse by the moment. Class action suits by shareholders, employees and customers, clawbacks on executive pay, investigations by regulatory agencies and more to come, I’m sure.

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Posted on Dec 27, 2018

Due to the risk of damaging cyber attacks in the financial sector, the Federal Reserve drafted the Enhanced Cyber Risk Management Standards in October of 2016, which consists of a number of recommended standards to reduce Cyber Liability for banking agencies and other financial groups. Said stand...

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Posted on Dec 20, 2018

The United States Federal Reserve’s recent Enhanced Cyber Risk Management Standards created five categories of enhanced cyber risk management standards for entities to reduce their risk of Cyber Liability. We have already discussed the details of the first two categories – cyber risk governance a...

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Posted on Dec 13, 2018

For the past few weeks, we’ve explored the Federal Reserve’s recent Enhanced Cyber Risk Management Standards and what they ask covered financial entities to do to reduce their Cyber Liability. Previously, we discussed the plan’s call for covered entities to exhibit effective cyber risk governance...

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Posted on Dec 6, 2018

In the United States Federal Reserve’s recent Enhanced Cyber Risk Management Standards, certain agencies and entities are subject to additional cyber security guidelines in order to reduce Cyber Liability and prevent cyber attacks from having a grave impact on agencies across the world. The stand...

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Posted on Nov 27, 2018

This post will continue to explore the details of the United States Federal Reserve’s Enhanced Cyber Risk Management Standards, proposed on October 19th, 2016. Drafted for the purpose of reducing Cyber Liability in the financial sector, the proposal describes an updated set of cybersecurity measu...

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Posted on Nov 20, 2018

According to the Risk and Insurance Management Society, regardless of the economic cycle, corporate transactions are always taking place, whether through mergers, acquisitions, or, in a recent trend, marriages between financial institutions arranged by the Treasury and the Federal Reserve. These ...

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Posted on Nov 13, 2018

The Federal Reserve’s 2016 Enhanced Cyber Risk Management Standards propose the implementation of a stricter, more comprehensive set of cyber security standards to those in the financial sector, specifically financial firms and larger banks. The Notice seeks to reduce Cyber Liability within the f...

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Posted on Nov 6, 2018

In October of 2016, the Federal Reserve and other United States banking regulators created a series of new measures meant to increase cyber security and protect financial services and their consumers from online attacks. Financial professionals such as Wall Street, the New York Federal Reserve, a...

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Insurance Services

  • Errors & Omissions

    Financial Guaranty Insurance Brokers (FGIB) is a leading provider of professional liability products, including Errors & Omissions (E&O) insurance for community banks, commercial lenders, credit unions, savings & loans, and Financial Technology (FinTech) companies. We partner with leading insurers to provide you with custom policies in the event of an alleged error or omission as a result of the work you perform. Whether the claim is justified or not, you need an E&O policy to step in to pay for legal defense costs and any liability obligations. The cost alone to defend a suit can be devastating enough for a firm that goes without the right coverage. Moreover, these types of claims are typically not covered under a General Liability policy.
  • Bankers Professional Liability

    Community banks, savings and loan companies, credit unions, and other financial institutions are considered as safe keepers for their individual, governmental, and corporate customers’ assets. In the course of handling large sums of money, financial institutions and their employees and owners are subject to a variety of professional liability risks. These risks, for example, may include allegations of wrongful acts related to a bank’s administration of a trust, claims involving the mis-selling of financial products, claims by an investor that an adviser recommended unsuitable investments and/or failed to disclose risks concerning such investments, and so on.
  • Directors & Officers Liability

    The boards of directors of community banks and other financial institutions today face a plethora of risks due to a number of factors: increased regulatory scrutiny; a heightened focus by the U.S. Securities & Exchange Commission (SEC) on enforcement of ‘gatekeeper’ duties; the increased globalization of even smaller businesses; and increased vulnerabilities to fraud, cyber risks, and environmental issues, among others. Even day-to-day management decisions can lead to claims against directors and officers, as well as the institution itself.
  • Employment Practices Liability

    Financial Guaranty Insurance Brokers (FGIB) has more than 30 years of experience helping financial institutions – from community banks to commercial lenders and today’s Financial Technology (FinTech) companies – balance profitability and risk exposure. Among the many challenges that banks and related entities must address is compliance with employment practices. This is particularly so in an environment where there is increasingly broader state and federal regulatory statutes governing this area and a more proactive stance to investigate alleged violations that involve discrimination, sexual harassment, wrongful termination, and retaliation, among others. At FGIB, we provide the cover needed to protect our clients against employee-related lawsuits with Employment Practices Liability Insurance (EPLI).
  • Civil Money Penalties

    A financial institution’s Directors & Officers (D&O) insurance policy cannot provide coverage to individuals for civil money penalties imposed for alleged wrongdoing. The FDIC coupled with increased regulatory scrutiny has made it explicitly clear that a bank can’t insure or indemnify any civil money penalties on its D&O policy, leaving every bank director and officer exposed. To respond to this exposure, which can significantly impact the assets of an individual director or officer, Financial Guaranty Insurance Brokers (FGIB) has partnered with an insurance carrier to provide a new separate insurance policy, Civil Money Penalties Personal Protection (CMP) Coverage.
  • First-Party Cyber Coverages

    The scope and amount of Cyber Liability insurance coverage you carry should be commensurate with the level of risk involved with your operations and the type of activities to be provided. In addition, it’s important to understand that not all Cyber insurance products are the same – the breadth of coverage can vary drastically among the products offered by insurance carriers. That’s why it’s important to partner with a broker that understands the banking industry and is experienced in placing tailored Cyber insurance coverage. That partner is Financial Guaranty Insurance Brokers (FGIB).
  • Third-Party Cyber Coverages

    Data breaches are now a consistent cost of doing business in the cyber crime era, with organizations, particularly in the highly regulated financial industry sector, taking the necessary steps to incorporate data-protection strategies. In fact, along with the healthcare industry, those in the financial industry have the most costly data breaches because of fines and the higher-than-average rate of lost business and customers.
  • Stock Brokers Blanket Bond

    Stockbrokers, investment bankers, stock exchanges, securities firms and commodity brokers need to safeguard their assets and businesses from losses involving a wide range of criminal activities – everything from employee dishonesty to on-premises robbery. Financial Guaranty Insurance Brokers (FGIB), with more than three decades of serving the financial industry, is well positioned to provide you with protection with a Stockbrokers Blanket Bond. We partner with leading insurers to offer you the peace of mind you want in the event of a loss.
  • Kidnap & Ransom/Exortion

    Each year, kidnappers rake in an estimated $1.5 billion in ransom payments with an estimated 15,000 to 20,000 reported kidnappings taking place globally. Among the prime targets are wealthy businessmen and their families and professionals here at home and traveling abroad. This includes those in the financial sector, such as banks and thrifts and securities firm, and businesses of all types including IT firms, healthcare firms, and non-profit organizations. Financial Guaranty Insurance Brokers (FGIB) provides flexible Kidnap, Ransom & Extortion (K&R) coverage, along with crisis management services, in the event of an incident through our top-tier insurers, to protect you and your valuable employees.

About us

Founded in 1983, Financial Guaranty Insurance Brokers, Inc. (FGIB) over the years has specialized in insurance coverage for the financial industry, particularly for community banks and other banking institutions. As the industry expanded, we did too, providing protection to Financial Technology (FinTech) companies (start-ups that provide mobile payments, money transfers, loans, fundraising and asset management).

In addition, FGIB provides a broad spectrum of diverse small to mid-size firms with Crime and general business insurance. We bring the same level of commitment to other industry sectors that has made us so successful in the financial industry. Our experienced brokers with each of the clients we serve understand the subtle nuances that are so important for obtaining the best, most comprehensive policies for your unique needs.

With three decades serving the financial sector, you can be assured that we know your industry, its peculiarities, and how to best insure your risks. And because our forte is personal service, instead of looking to write thousands of accounts we staff up to handle a select customer group. You’ll immediately experience this in the personal attention you receive.

Your business and your position cannot afford exposure to risk. Instead of talking with an insurance agent, you deserve the advantages offered by a financial insurance broker such as FGIB. We’d like to be of service to you.  

Contact Us


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  • (626) 793-3330


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2500 East Colorado Boulevard #260
Pasadena, CA 91107
United States

Business Hours

Mon:8:30 AM – 5:00 PM
Tue:8:30 AM – 5:00 PM
Wed:8:30 AM – 5:00 PM
Thu:8:30 AM – 5:00 PM
Fri:8:30 AM – 5:00 PM