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Why it's time for the insurance industry to live up to its promise

from Insurance Business

Why it's time for the insurance industry to live up to its promise Insurance Business In some cases, government and insurance industry stakeholders will have to come together to ensure that the marketplace remains welcoming to non-profit clients and their volunteers. To address the insurance issues facing volunteers in Australia, the creation of an indemnity or contingent liability fund that would feature insurer contributions has been suggested, while in the U.S., there is a piece of legislation pending before the House Financial Services Committee — H.R. 4523, Non-profit Property Protection Act — which would allow well-established risk retention groups to provide non-profit members with additional insurance coverages that traditional insurers are now unwilling or unable to provide. READ MORE

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