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of the 1980s, when insurance companies raised their premiums drastically, reduced their coverages, and left some segments of the market, including many nonprofits, completely uncovered. Davis' master's thesis, documented how the insurance crisis was harming nonprofit organizations and in some cases
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Between 1984 and 1986, general liability insurance premiums increased 200 percent or more for one out of four charitable nonprofit organizations in
California. During that same period, insurance companies canceled or refused to renew the general liability policies of one out of five California
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charitable nonprofits. Some important human service programs, such as childcare, foster care, group homes and health service were forced to dramatically cut services or close because they couldn’t find affordable insurance.
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Over the next decade, NIAC grew to serve thousands of nonprofits, but its operations were limited to the state of
California. In order to replicate the NIAC model nationwide, Davis secured $ 5 million from the
214:. In 1989, Davis secured $ 1.3 million in loans from nonprofit partners and foundations to create the Nonprofits Insurance Alliance of California (NIAC), the first and largest company in NIA.
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Based on her research, Davis was convinced that conventional insurers did not fully understand insurance risk in the nonprofit sector, so she set out to create a nonprofit
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277:- Pamela Davis' Master's Thesis on the nonprofit insurance crisis, published by the Conrad Hilton Foundation and the California Community Foundation.
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Nonprofits
Insurance Alliance is an insurance cooperative composed of four distinct 501(c)(3) nonprofit organizations:
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Lawrence A. Berger; J. David
Cummins; Sharon Tennyson (1992). "Reinsurance and the liability insurance crisis".
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even putting them out of business. In 1987, she testified before the
California General Assembly that:
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Provides liability insurance to nonprofits with operations outside of
California.
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Provides support to the other companies in the group and their partner programs.
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to found the
Alliance of Nonprofits for Insurance, Risk Retention Group (ANI).
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Provides liability and property insurance to nonprofits in
California.
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Nonprofit and
Liability Insurance: Problems, Options, and Prospects
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Alliance of
Nonprofits for Insurance, Risk Retention Group (ANI):
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National Alliance of Nonprofits for Insurance (NANI):
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Nonprofits Insurance Alliance of California (NIAC):
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210:that could better meet the needs of nonprofits in
402:Financial services companies of the United States
270:Official website of Nonprofits Insurance Alliance
382:Financial services companies established in 1989
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165:nonprofit insurance organizations that provide
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392:Non-profit organizations based in California
92:United States: 32 states and Washington D.C.
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161:(NIA) is an American group of cooperative
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377:Companies based in Santa Cruz, California
407:1989 establishments in the United States
372:Insurance companies of the United States
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224:David & Lucile Packard Foundation
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220:Bill & Melinda Gates Foundation
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387:1989 establishments in California
301:. Nonprofits Insurance Alliance.
113:Liability and Property Insurance
314:Journal of Risk and Uncertainty
257:Alliance Member Services (AMS):
253:Provides property reinsurance.
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397:Companies established in 1989
352:Nonprofits Insurance Alliance
159:Nonprofits Insurance Alliance
28:Nonprofits Insurance Alliance
105:, Founder, President and CEO
56:; 35 years ago
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194:liability insurance crisis
222:and $ 5 million from the
348:"Mission & History"
175:nonprofit organizations
230:Companies in the group
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148:insurancefornonprofits
74:Santa Cruz, California
173:exclusively to other
296:"2021 Annual Report"
134:Number of employees
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326:10.1007/BF00057882
171:property insurance
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16:(Redirected from
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125:$ 713.3 million
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264:Further reading
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186:Pamela Davis
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120:Total assets
103:Pamela Davis
69:Headquarters
33:Company type
18:Blue Avocado
192:during the
190:UC Berkeley
88:Area served
366:Categories
282:References
212:California
98:Key people
334:154715481
208:risk pool
167:liability
163:501(c)(3)
45:Insurance
36:Nonprofit
110:Products
41:Industry
181:History
143:Website
59: (
51:Founded
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330:S2CID
299:(PDF)
169:and
150:.org
61:1989
54:1989
322:doi
127:USD
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