Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With a still-shaky economy limiting donations to social-service organizations, many of these groups are radically reducing spending or branching out into new and untested revenue-raising waters—a move that can pose unexpected and even catastrophic risks.

Philadelphia Insurance Cos. is one of the largest carriers in this specialty-insurance line, with 46 offices in 13 regions writing more than $750 million of “human services” premium per year. And many of its more than 26,000 social-services clients are feeling increased pressure “to significantly cut costs” and “find alternative sources of revenue,” says Paul Siragusa, vice president, Commercial Lines Underwriting.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.