Nonprofit Insurance Alliance Group

http://www.insurancefornonprofits.org

Category
Insurance

Description
Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) and Nonprofits' Insurance Alliance of California (NIAC), are part of the Nonprofits Insurance Alliance Group, which is a group of 501(c)(3) nonprofit companies that provide a broad range of liability insurance coverages to 501(c)(3) nonprofit organizations. NIAC has been writing in California for more than 18 years and currently insures more than 5,500 nonprofits. ANI-RRG has more than 2,000 members and currently writes in Colorado, Connecticut, Delaware, District of Columbia, Georgia, Idaho, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Carolina, Ohio, Oregon, Pennsylvania, Utah, Vermont, Virginia, and Washington.  In late 2007, ANI-RRG plans to expand into Hawaii and Minnesota. A Head for Insurance…A Heart for Nonprofits, encapsulates the vision which launched the Nonprofits’ Insurance Alliance of California (NIAC) in 1989.

At that time, the goal was to address the insurance crisis facing nonprofits in California by building an innovative and financially stable nonprofit insurer focused on the unique needs of the nonprofit sector. NIAC was created as a result of the liability insurance crisis in the mid-1980s when many nonprofits in California could not obtain insurance at any price. Initial capital for ANI-RRG was provided by generous grants from the David and Lucile Packard Foundation and the Bill & Melinda Gates Foundation, and ANI-RRG began operations in 2001. ANI-RRG and NIAC's mission is to serve 501(c)(3) tax-exempt nonprofit organizations by providing a stable source of reasonably priced liability insurance coverages tailored to the specialized needs of the nonprofit sector, and to assist these organizations to develop and implement successful loss control and risk management programs. Both companies are known for their superior claims service to their nonprofit-insured. NIAC is rated A (Excellent) by A.M. Best Company, and ANI-RRG is rated A – (Excellent) by A.M. Best Company. At year-end 2006, the Nonprofits Insurance Alliance Group had total equity of $83.8 million and total assets of $200.5 million.