Charitable nonprofit organizations will soon have access to a new risk retention group called Alliance of Nonprofits for Insurance Risk Retention Group. The alliance was recently licensed in Vermont and offers charitable nonprofit groups up to $1 million in primary coverage for a wide range of liability risks, including general, miscellaneous professional, directors and officers, improper sexual conduct and commercial auto. Up to $10 million in umbrella coverage is also available.
The RRG is initially offering coverage to charitable groups in Colorado, Delaware, the District of Columbia, Maryland, Nevada and Virginia. It expects to write its first policies by June.
Was this article valuable?
Here are more articles you may enjoy.
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Diageo’s Toxic Spill Hits a Pristine River in Scottish Whisky Country 
How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites 
