WASHINGTON — CUNA Mutual Group said Tuesday it has introducedEnhanced Defense Reimbursement coverage to help credit unionsagainst rising litigation costs.
Housed within the company's management and professional liability insurance policy, the newcoverage reimburses credit unions for certain defense costsassociated with claims that are commonly not covered by liabilitypolicies.
President/CEO Bob Trunzo told Credit Union Times theproduct is an example of how CUNA Mutual can evolve to provide whatcredit unions need, because the firm is so close to the community.The product was created in response to credit union feedback, headded.
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