Nonprofits Insurance Alliance
“We have to rely on those Members of Congress who are willing to act on their conscience without regard to threats that contributions from the industry may be withheld.”
The Risk Retention Reporter talks about the Nonprofit Property Protection Act, a bill that would make standalone property insurance available to nonprofits that ANI insures, and why it is critical to empowering the sector.
Updated Version of 2015 Bill Amending LRRA Introduced in Congress at the Risk Retention Reporter (via PDF).
Solutions: Reining In Rising Property Insurance Rates
There are many proposed ways to mitigate the property insurance cost crisis. They all require federal or state government to act.
Paucity of insurance for U.S. nonprofits concerning as regulatory, legal limitations persist
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.
Hochul Signs Bill Allowing Out-of-State RRGs to Cover NY Nonprofits
New York Gov. Kathy Hochul recently signed legislation which will allow out-of-state risk retention groups (RRGs) to write auto insurance coverage to NY nonprofits.