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Nonprofits Struggle as Insurance Carriers Pull Back Coverage
Pamela Davis warns that nonprofits face increasing risks as insurance carriers withdraw from the market, leaving vital organizations without reliable coverage amid rising service demands and uncertain funding.
Article Summary
Nonprofits are increasingly losing access to insurance coverage as carriers withdraw from the market, prioritizing profitability over social need, leaving organizations vulnerable amid rising service demands and funding uncertainties. NIA founder, president and CEO Pamela Davis warns that structural issues in the industry, compounded by judicial trends and reinsurance costs, are forcing nonprofits into unsuitable surplus lines markets and creating long-term instability in coverage.
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Nonprofits squeezed out of coverage as insurance carriers pull back
at Insurance Business.
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