Nonprofits Insurance Alliance
With rising demand for services, the nonprofit sector is growing faster than for-profit enterprises. Learn about how this impacts the labor pool, the services nonprofits offer, and the insurance coverages available to nonprofits.
If you associate the term “nonprofit” with a laid-back, slow-moving sector of the economy, you are way behind the times. In recent years, the growth of nonprofits has outpaced the growth of for-profit enterprises.
A Growing Sector Adapts to New Needs and New Challenges at Rough Notes.
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.