Nonprofits in Alaska need better insurance options.
Nonprofits in Alaska have limited options when it comes to securing liability and property insurance.
Why isn’t NIA in Alaska?
NIA is registered to write liability policies in all 50 states, but no companion property coverage is available in 18 states. State-based insurance regulation has been unable to resolve this market failure, so NIA is working with Congress to correct this.
In short: Some insurance regulators are more interested in protecting their own turf than seeing nonprofits get the insurance they need at prices that make sense.
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Recent happenings from NIA:
U.S. nonprofits are struggling to obtain affordable risk coverage due to limited options available in the market. Mainstream carriers aren't wanting to underwrite the risk, and legal limitations are hindering other nonprofit insurance groups from entering the market.
Nonprofits post-affirmative action. Governance nightmares. Discipline or terminate employees. Advisory committees. Grant application process.
A Walk on Water provides kids with special needs transformative experiences in the ocean. Meet the 26,000th nonprofit to be insured by NIA.