nonprofit insurance News

Birth Injury Compensation Fund Executive Gets 9 Years for Embezzling $6.7 Million

A Providence Forge, Virginia man has been sentenced to nine years in prison for embezzling funds from his former employer, the Virginia Birth-Related Neurological Injury Compensation Program. According to court documents, John Hunter Raines was the chief financial officer and …

Tri-State Region Blood Center Hit With Ransomware Attack

One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center (NYBC) said that on Sunday, January 26, it identified “suspicious activity” affecting its IT systems. Third-party cybersecurity experts investigated and …

While Other States Struggle, New Hampshire Boasts Insurance Is ‘Going Quite Well’

Consumers are hearing a lot about insurance difficulties around the country. The news from California and Florida and elsewhere about how disasters, skyrocketing premiums and carrier withdrawals are making coverages hard to find and afford naturally raises concerns in other …

Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims

Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a half million dollars in unauthorized personal expenditures over …

How to Build an Insurance or Any Business with Community at the Center

It’s a common corporate practice to use philanthropic pursuits to improve both their communities and public images. Some organizations donate both funding and manpower through formal philanthropy programs. Others choose to give regularly to selected charities. But for Pamela Davis, …

Man Pleads Guilty to Burning African American Churches in Louisiana

The aspiring ‘black metal’ musician who was arrested in a series of fires set at African American churches in Louisiana last spring pleaded guilty to federal and state criminal charges. The U.S. Attorney’s Office said in a news release that …

How One Agent Adopted a Nonprofit Niche

Phillip Hawley, president of Hawley & Associates in Bellevue, Wash., understands the power of referrals in the nonprofit insurance world. His entire agency’s book of business took root with nonprofit referrals – one right after the other. Hawley began his …

How to Serve Today’s Nonprofit Insurance Market

Nonprofits are a lot like most insurance clients. They seek trusted and consultative relationships with their agents, brokers and carriers. They seek partners that understand their mission. But they also seek agents who understand in what ways their needs differ …

Charity First to Move Nonprofit Program to Nova Casualty Co.

Property and casualty program manager Charity First has announced plans to transition its nonprofit and social service business to Nova Casualty Co., a specialty program carrier and a member of AIX Group. The move will enable Charity First to offer …

How Insurance for Nonprofits Has Changed for the Better

When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now president and CEO of the Nonprofits Insurance …