The non-profit sector in the US has faced a barrage of insurance-related issues over recent months that have culminated in what some are calling an “insurance crisis,” including a hardening property and casualty insurance market, lessened appetite among insurers that traditionally supported the space, and last but certainly not least, the COVID-19 pandemic, during which time many non-profits have been providing frontline services to the public.
“It’s been feast or famine,” said Paul Doman, Nationwide’s specialty care loss control director. “We’ve had customers that have been completely shut down and we have other customers that have ramped up their business. An example might be a YMCA – they’re shut down, but the Food Bank has ramped up their business significantly so that they’re adding space with new buildings and people.”
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