Nonprofits Insurance Alliance (NIA) is a group of cooperative 501(c)(3) nonprofit insurance organizations that provide liability and property insurance exclusively to other

501(c)(3) A 501(c)(3) organization is a United States corporation, 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 the 29 types of 50 ...

nonprofits.

History

Pamela Davis, NIA's Founder, President and CEO, was a graduate student at UC Berkeley during the

liability insurance crisis The liability insurance crisis in the United States of America refers to a volatile economic period during the mid-1980s. During these years, until about 1990, rising insurance premiums and an unavailability of coverage for several types of liabil ...

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 that could better meet the needs of nonprofits in California. 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 Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was l ...

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