Hole-in-one Insurance News

CFC Launches Two New Contingency Insurance Products

Specialist lines underwriting agency, CFC Underwriting, has launched prize indemnity and over-redemption policy products. The new coverages come from CFC’s recently established contingency team and follow the appointment of Matt Helm as Contingency Practice leader last year. “Prize competitions and …

Palmer Ace at Phoenix Open Will Cost Someone $50K

If pro golfer Ryan Palmer makes a hole-in-one on the 16th hole at the Waste Management Phoenix Open today through Sunday, someone’s on the hook for $50,000. The hole-in-one policy is from Acersgolf.com, owned by Western Security Surplus Insurance Brokers …

Hole-in-one Insurance Fraudster in Washington Sentenced

Kevin Kolenda, 56, a Connecticut businessman who has been reportedly defrauding golf tournaments and golfers for two decades, was sentenced Friday in King County Superior Court in Washington. Judge Jean Rietschel sentenced Kolenda to 86 days with credit for time …