Category: IN THE NEWS
Nonprofits Anxiously Await Court Action as Insurers Reject Virus-Related Payouts
Advocates are trying to force legal action or push for federal legislation that would help nonprofits and others make up for losses caused by COVID-19 after many insurers began denying property-loss claims after the pandemic hit.
NRRA Interview of Christopher Reed, Corporate Counsel of NIA
NRRA interviewed Christopher Reed, corporate counsel of Nonprofits Insurance Alliance (NIA), to find out how his organization is coping with COVID-19, as well as what he thinks the ramifications for the risk retention group industry will be.
Broadening the Definition of Insurance Innovation
As InsurTech and AI dominate insurance media headlines, NIA CEO Pamela Davis explores the question of whether the industry is relying too much on technology for innovation.
Law360: Congress Must Help In Community Nonprofit Insurance Crisis
501(c)(3) nonprofits, especially small to midsize organizations, have gone from a bad situation to worse as the COVID-19 pandemic has combined with the already-rising cost of property and casualty insurance.
With the novel coronavirus pandemic now spreading across the globe and important revenue sources suddenly turned off for both nonprofits and for-profit companies alike, and for an unknown length of time, can they count on their insurance carriers to cover their losses and provide some much-needed cash flow?
NIA Adds Reimbursement Coverage for Nonprofit Employee Auto Claims in California
Nonprofits Insurance Alliance (NIA), a nationwide insurer exclusively serving 501(c)(3) nonprofits, has introduced auto coverage that reimburses California nonprofits for payments made to their employees for auto physical damage caused on personal vehicles during work-related activities.
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways, it’s vital to take the time to understand what they do and how they do it.
NPT Study: Most Nonprofits Don’t Have Whistleblower Policies
The charitable sector has had a flurry of whistleblower situations the past two years. The Silicon Valley Community Foundation, the American Red Cross, the Humane Society of the United States and Oxfam have all had complaints blow up into headlines.
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Pamela Davis, president, founder and CEO for Nonprofits Insurance Alliance (NIA), discusses the need for the Nonprofit Property Protection Act, a bill which would amend the Liability Risk Retention Act of 1986 to expand the types of commercial insurance authorized for risk retention groups serving nonprofit organizations.
Compromise Urged on RRG Coverage Expansion Legislation
The chairman of a House of Representatives subcommittee is urging opponents and supporters of legislation that would allow certain risk retention groups (RRGs) to expand coverages they can offer to their policyholders to work together to come up with a compromise measure.
Insurers Drive Up Prices For U.S. Busineses
U.S. companies are paying more for insurance, a reversal after years of flat or declining rates for property and liability policies.
How One Woman Redefined Insurance as She Was Being Told it Wasn’t Possible
NIA's Pamela Davis discusses her experience starting her own nonprofit insurance provider and overcoming the challenges presented by a conservative, male-dominated industry that was sorely missing executive-level female professionals — let alone female entrepreneurs.