Latest NonProfits Headlines
All the headlines from our NonProfits Topic Page, ordered by recency.
House Committee Approves TRIA Renewal Bill with NARAB Amendment
Jun 20 2014 // The House Financial Services Committee today voted to report out a bill to extend the federal terrorism insurance program for another five years. The bill also contains some reforms of the Terrorism Risk Insurance Act...
Insurance, Security Requirements Sink Louisiana Family’s July 4 Boat Parade
Jun 18 2014 // The family who organizes and sponsors the popular False River Fourth of July Boat Parade in Louisiana’s Pointe Coupee Parish says it is calling it quits. The reason, family members say, is new pressure from the state...
CEA: Policy Sales Spiked Following California March Temblor
Jun 16 2014 // California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku...
Best Affirms AmTrust Financial and Subs P&C Ratings; Outlook Stable
Jun 2 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI),...
CEA: Policy Sales Spiked Following California March Temblor
May 30 2014 // California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku...
Farmers Insurance, Nonprofit, Team Up on Disaster Recovery in Oklahoma
May 30 2014 // As storm season ramps up in Oklahoma, a nonprofit group formed in the wake of Hurricane Katrina is teaming with a national insurance company to help better prepare communities for the recovery after a natural disaster. The...
Lawsuit Against Indianapolis Stadium Beer Vendor Revived
May 27 2014 // The family of a girl fatally struck by a drunken driver will be allowed to proceed with a lawsuit against the vendor at Indianapolis Colts games that sold beer to the driver, an Indiana appeals court ruled. The court ruled...
Disaster Loans Made Available for New Mexico Small Businesses
May 19 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement in April, saying the loans can help offset economic...
Vermont’s Updated Law Offers ‘Welcome Option’ for Inactive Captives
May 5 2014 // Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s...
Allied World No. Am. Launches ‘ForceField’ Product Suite in Canada
Apr 30 2014 // Allied World Assurance Company Holdings, AG announced today the launch of its ForceField management liability product suite in the Canadian market. ForceField offers five coverage components including: Directors &...
Nonprofit in Maryland Builds Different Kind of Health Insurance Company
Apr 29 2014 // Maryland hadn’t had a health insurance co-op for 20 years. Then Dr. Peter Beilenson came along. Although Beilenson — who has held a number of prominent health positions — describes himself as a staunch...
Insurance Agents Not Giving Up on NARAB Producer Licensing Reform
Apr 28 2014 // The insurance industry has not given up on getting Congress to pass legislation to create a national producer registry and make it easier for agents and brokers become licensed in multiple states. The Independent Insurance...
Disaster Loans Made Available for New Mexico Small Businesses
Apr 28 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement Friday, saying the loans can help offset economic...
Vermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives
Apr 23 2014 // Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s...
Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives
Apr 17 2014 // Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new...
Leavitt Group’s Redwoods Hires Hodge in Northern California
Apr 17 2014 // Dawn E. Hodge has joined the Leavitt Group’s Redwoods office and will focus on commercial insurance. Prior to joining the agency, Hodge spent eight years with a personal lines not-for-profit insurance automobile...
Why Hands-Free Cell Phones Are Not Safer: Safety Council
Apr 15 2014 // A National Safety Council public opinion poll indicates that 80 percent of drivers across the country believe that hands-free devices are safer than using a handheld phone despite evidence this is nit true. More than 30...
ProSight Specialty, Tangram Insurance Launch Social Service Package Program
Apr 10 2014 // ProSight Specialty Insurance and Tangram Insurance Services Inc. have added a package insurance product offering for the companies’ joint Community First Insurance Program serving social service organizations. The...
Arthur J. Gallagher Acquires Spataro Insurance Agency in New York
Mar 24 2014 // Arthur J. Gallagher & Co. announced that it has acquired Spataro Insurance Agency Inc. located in Burnt Hills, New York. Terms of the transaction were not disclosed. Founded in 1932, Spataro Insurance Agency is a...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
