I was saddened to learn of the death of William Gates, Sr., recently. He had a significant impact on Nonprofits Insurance Alliance and on me.
Clear signs of the property and casualty market heading into trouble started showing in 2019. Nonprofit policyholders would be “treading water,” Insurance Journal reported. The Wall Street Journal reported in February that one nonprofit saw their renewal quote increase from $76,000 to $750,000.
“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has.” —Margaret Mead
With a 50 percent increase in rent in five years, San Luis Obispo County has had the highest rate of rental increases of any county in California. That translates into a substantial increase in the amount of upfront deposit for renters, creating an additional barrier to sustainable housing.