Category: IN THE NEWS
With COVID-19 and a Hardening Market, Captives Respond to Challenges
As the current hardening of the insurance market continues, captive insurance companies stand to gain many new clients and opportunities that are being shut out of the traditional markets.
Why it’s Time for the Insurance Industry to Live Up to its Promise
During the COVID-19 pandemic, Alicja Grzadkowska says, it’s critical that the insurance industry remains committed to offering solutions for the nonprofit space.
Nonprofit Insurance Sector ‘In Crisis’
In what could be labeled as "the perfect storm," nonprofit organizations are battling against a hardening property and casualty insurance market, a restriction of appetite among insurers who have traditionally supported the sector, and now the COVID-19 pandemic.
Steven Salar named Chief Risk Officer at Nonprofits Insurance Alliance
Nonprofits Insurance Alliance (NIA) announced that Steven Salar has joined NIA as Chief Risk Officer (CRO) responsible for compliance, risk management, internal audit, employment risk consulting, loss control, and member support.
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.