Nonprofit Insurer Pays $3 Million In Dividends
April 19, 2021
Nonprofits Insurance Alliance (NIA) approved a $3-million dividend for policy holders, the 15th consecutive year that a dividend was declared. Dividends to nonprofit members have now eclipsed $50 million since 2007.
California Insurer Announces 15th Consecutive Dividend for Policyholders
April 15, 2021
SANTA CRUZ, Calif.–(BUSINESS WIRE)–Nonprofits Insurance Alliance (NIA) today announced that the board of directors of Nonprofits Insurance Alliance of California (NIAC), an insurer under the NIA brand, has approved a $3 million dividend for policyholders (members). Since 2007, NIAC has cumulatively returned $50 million in dividends to its members, all of whom are 501(c)(3) nonprofits.
Nonprofit Alliance Launches COVID, Communicable Disease Coverage
April 12, 2021
By: NonProfit Times Insurance policies all have exclusions from coverage. Nonprofit executives found out the hard way that despite buying every available coverage, COVID-19 or other such events were out of the coverage area. …NIA launched its coverage at the beginning of this year, when insurance companies and reinsurers began excluding communicable disease coverage from their policies.
The Risk Retention Reporter: ANI Takes Lead in Providing Communicable Disease Coverage
March 1, 2021
By The Risk Retention Reporter
As individuals and businesses grapple with the long-term liabilities surrounding the COVID-19 pandemic, risk retention groups are taking steps to help protect their members with risk management advice and in some cases, insurance coverage.
AM Best Affirms Financial Strength Rating of A (Excellent) of Nonprofits Insurance Alliance (NIA) for 2020
January 21, 2021
SANTA CRUZ, Calif.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Issuer Credit Rating (ICP) of “a+” of the insurance entities of Nonprofits Insurance Alliance (NIA). The ratings reflect NIA’s balance sheet strength, which AM Best categorizes as strongest, as well as NIA’s adequate operating performance, favorable business profile, appropriate enterprise risk management, and stable outlook. In addition, AM Best assigned a rating of Significant for its assessment of NIA’s innovation summary.