Latest NonProfits Headlines
All the headlines from our NonProfits Topic Page, ordered by recency.
BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia
Apr 9 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Executive First Private Company Portfolio and Executive First Nonprofit Organization Portfolio policies in Asia. “Our Private Company and Nonprofit...
White Mountains Buys Majority Stake in Program Manager NSM
Apr 2 2018 // Bermuda-based insurance holding company White Mountains Insurance Group is acquiring a majority equity stake in NSM Insurance Group (NSM), the specialty insurance program administrator. The transaction values NSM at...
Nebraska Woman Sentenced to 10 Months for $300K-Plus Theft from Employer
Mar 29 2018 // An accountant accused of embezzling from the Nebraska Rural Electric Association has been sent to prison. Federal prosecutors say 42-year-old Sarah Batenhorst, of Lincoln, was sentenced to 10 months and ordered to pay...
ISO Says Cyber Insurance Program Now Available in 42 States
Mar 22 2018 // ISO’s cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk company says is more...
Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W
Mar 8 2018 // Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides...
D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends
Feb 26 2018 // Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as...
Visa’s Kereere Joins Board of Grange Mutual Casualty
Feb 23 2018 // Suzan Kereere has joined the board of directors at Columbus, Ohio-based Grange Mutual Casualty Co. Kereere heads both the European Merchant Sales & Solutions team and the Global Merchant Accounts team at Visa. There,...
Bonding Awarded to Launch Crumbling Foundations Entity in Connecticut
Feb 21 2018 // A Connecticut panel has awarded funding to launch a new not-for-profit insurance company that will manage state dollars that will help homeowners with crumbling foundations. The State Bond Commission approved $350,000...
Accidental Deaths in Pennsylvania Rose in 2016, Driven By Opioid Overdose
Feb 19 2018 // According to National Safety Council (NSC) analysis of federal data, 1,086 more Pennsylvanians died accidentally in 2016, an increase of 15 percent over 2015. Opioid overdose led to 78 percent of those deaths. This comes...
Marsh & McLennan West Names New Principals in California and Alaska
Feb 5 2018 // Marsh & McLennan Insurance Agency has promoted eight executives to principals of the firm. In San Diego, the new Principals are Donna DeBolt, Wayne Pages, Greg Pendergast, Erin Quigley, Jeff Simpson, Ryan Stover, and...
Ryan Specialty Group Completes Acquisition of New York’s Irwin Siegel Agency
Feb 2 2018 // Ryan Specialty Group LLC, a Chicago, Ill.-headquartered international specialty insurance organization, has completed its acquisition of the assets and operations of the Irwin Siegel Agency Inc. (ISA). This transaction was...
Accidental Deaths in Pennsylvania Rose in 2016, Driven By Opioid Overdose
Jan 30 2018 // According to National Safety Council (NSC) analysis of federal data, 1,086 more Pennsylvanians died accidentally in 2016, an increase of 15 percent over 2015. Opioid overdose led to 78 percent of those deaths. This comes...
Mississippi to Offer Free Vehicle Inspections of Hurricane-Damaged Vehicles
Jan 30 2018 // The Mississippi Insurance Department (MID) and the Mississippi Collision Repair Association are partnering on an initiative designed to protect residents from buying cars damaged by Hurricanes Harvey and Irma. Following...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
Arthur J. Gallagher & Co. Acquires New Jersey’s The Daniels Group
Jan 18 2018 // Arthur J. Gallagher & Co. has acquired New Providence, N.J.-based The Daniels Group Inc. Terms of the transaction were not disclosed. Founded in 1991, The Daniels Group is a full-service employee benefits consultant...
Ex-Employee of Oklahoma Nonprofit Ordered to Pay $3M in Embezzlement Scheme
Jan 9 2018 // A former accountant for the Oklahoma Beef Council has been sentenced for embezzling nearly $2.7 million from the nonprofit. Melissa Day Morton, 46, was ordered to pay $3 million in restitution, The Oklahoman reported. The...
FEMA Announces Federal Disaster Assistance for Several Northeast States
Jan 4 2018 // The Federal Emergency Management Agency (FEMA) has announced that federal disaster assistance has been made available to the states of Vermont, Maine and New Hampshire to supplement state and local recovery efforts in the...
FEMA OKs Disaster Declaration for California
Jan 3 2018 // The Federal Emergency Management Agency has made federal disaster assistance available to California to supplement state, tribal and local recovery efforts in the areas affected by wildfires from Dec. 4, 2017 and...
United Nations Assessing Disaster Recovery in Puerto Rico
Dec 14 2017 // A United Nations expert on extreme poverty and human rights met Monday with hurricane victims in Puerto Rico as complaints grow about the U.S. government’s response to a Category 4 storm. U.N. envoy Philip Alston...
Michigan Nonprofit Must Pay $25K in Suit over Recess Injury
Dec 8 2017 // A Michigan nonprofit has settled a lawsuit over an incident in which a group of students injured a boy during recess at a public charter school it operates. The North Flint Reinvestment Corporation was ordered to pay...
