non-profit News

Ex-CEO of Louisiana Foundation Gets 33 Months for $550K Embezzlement

A Louisiana hospital foundation’s former fundraising chief was sentenced to 33 months for stealing more than $550,000 in donations. News outlets report 49-year-old John Paul Funes was sentenced after his original sentencing hearing was pushed back because of scheduling conflicts. …

PURE Insurance Launches Non-Profit D&O Coverage

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has made several enhancements to its personal excess liability coverage, including the introduction of not-for-profit directors & officers (D&O) liability coverage. …

ACE Expands Cyber Risk Coverage Options for Non-Profits

ACE Group has launched a new coverage component for the ACE Express package policy specifically designed to protect private and not-for-profit organizations. The updated package policy enables insureds to purchase privacy and network liability coverage in a single policy with …

West Virginia Lottery to Charities: Casino Night Fundraisers Are Illegal

West Virginia Lottery officials say “casino night” fundraisers conducted by charitable organizations are illegal but the Lottery does not have authority to crack down on such events. County prosecutors have shown little interest in pursuing charges against members of local …

QBE North America Launches Management Liability & Professional Lines Coverages

QBE North America’s continues its expansion into the management liability & professional lines arena with the launch of three new products for public and private commercial companies and financial institutions and non-profit businesses. The three products currently available in the …

ProSight Specialty, Tangram Insurance Launch Social Service Package Program

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 new package lines Community First coverage, which is also paired with a …

ThinkRisk, Aspen Launch New Private, Non-Profit Management Liability Program

ThinkRisk Underwriting Agency, a division of RSG Underwriting Managers, LLC, and Aspen US Insurance have launched a new national management liability package program. The product is available on an admitted basis in most states and offers multiple coverage lines for …

Survey: Nonprofits Unprepared, Under-Insured Against Risks

Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human services, foundations, and community service, educational and religious …

Zurich Programs, Aon Affinity to Cover Non-Profit Long-Term Care Organizations

Zurich North America Commercial’s Programs & Direct Markets business has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to offer coverage to non-profit long-term care organizations. The program will be available …

Schinnerer Adds Crime, Kidnap, Ransom Coverage to Non-Profit Program

Victor O. Schinnerer & Co. has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for non-profits. The new coverages round out the program’s existing offering of directors & officers liability (D&O), employment practices liability (EPLI), …