Category: IN THE NEWS
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.
Nonprofits Insurance Alliance (NIA), an insurer focused on the 501(c)(3) nonprofit sector, unveiled its 20,000th member — 4CS of Passaic County, based in Paterson, N.J.
18 States and DC Are Extending Statutes of Limitations for Child Sex Abuse Victims
In state after state, lawmakers are reconsidering laws that barred victims from suing, and instead are opening the possibility of new lawsuits for abuses that occurred decades ago.
Tax collectors will continue to eye captives, experts tell AM Best
Regulators should check risk retention groups (RRG) have a long term view of the risks of their members, and the ability to serve them long term, before allowing them to launch, according to Pamela Davis, president and CEO of the Nonprofits Insurance Alliance (NIA).
Risk retention groups should have clear motives, analysts say
About 460 risk retention groups have been created since 1986 and about 240 of them have gone out of business.
‘Captive’ insurers must be careful of risks, reporting rules, analysts say
During an A.M. Best webinar a panel of analysts and industry leaders reviewed the market and regulatory and risk issues affecting the captive insurance sector.
How to find untapped (non)profits
Brokers who develop an expertise in the specialized needs of nonprofits have opportunities to grow their business.
Pamela Davis named one of the Elite Women of 2017
Nonprofits Insurance Alliance’s founder, President, and CEO Pamela Davis is given recognition by Insurance Business America for being the first and only woman to start an insurance risk pool, and for founding the first and only insurance provider to exclusively serve the nonprofit sector.