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Shelterforce
A dive into the current insurance market for nonprofits — and who is willing and/or able to write coverage for them.
Article Summary
An exploration of the current property insurance crisis and its effects on nonprofits and affordable housing organizations. Discusses motivations behind the crisis, the limitations of current residual markets, and solutions in the works — including the INSURE Act and The Nonprofit Property Protection Act (NPPA). NIA founder, president and CEO Pamela Davis speaks about the benefits of Risk Retention Groups (RRGs) and the need for the NPPA.
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Solutions: Reining In Rising Property Insurance Rates at Shelterforce.
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