Nonprofits Insurance Alliance (NIA) is an American group of cooperative

501(c)(3) A 501(c)(3) organization is a United States corporation, Trust (business), trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of ...

nonprofit insurance organizations that provide liability and

property insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or bo ...

exclusively to other

nonprofit organization A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

History

Pamela Davis, NIA's Founder, President and CEO, was a graduate student at

UC Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a public land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkele ...

during the liability insurance crisis 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 even putting them out of business. In 1987, she testified before the California General Assembly that: 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

risk pool A risk pool is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks such as floods or earthquakes. The term is also u ...

that could better meet the needs of nonprofits in

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

. 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. 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

Bill & Melinda Gates Foundation The Gates Foundation is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the third largest charitable foundation in the world, holding $ ...

and $5 million from the David & Lucile Packard Foundation to found the Alliance of Nonprofits for Insurance, Risk Retention Group (ANI).

Companies in the group

Nonprofits Insurance Alliance is an insurance cooperative composed of four distinct 501(c)(3) nonprofit organizations: *Nonprofits Insurance Alliance of California (NIAC): Provides liability and property insurance to nonprofits in California. *Alliance of Nonprofits for Insurance, Risk Retention Group (ANI): Provides liability insurance to nonprofits with operations outside of California. *National Alliance of Nonprofits for Insurance (NANI): Provides property reinsurance. *Alliance Member Services (AMS): Provides support to the other companies in the group and their partner programs.

References

{{DEFAULTSORT:Nonprofits Insurance Alliance Insurance companies of the United States Companies based in Santa Cruz, California Financial services companies established in 1989 1989 establishments in California Non-profit organizations based in California Companies established in 1989 Financial services companies of the United States 1989 establishments in the United States

History

Companies in the group

Further reading

References