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Insurance Business America
Unless something is done to solve the insurance crisis and make P&C coverages more expansive and affordable, many nonprofits may find themselves unable to continue serving their communities.
Article Summary
The nonprofit insurance market is in crisis, according to Nonprofits Insurance Alliance (NIA). 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.
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Nonprofit Insurance Sector ‘In Crisis’ at Insurance Business America
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