Gannon University Receives Endowed Scholarship from State Association
Posted: November 13, 2014
A gift of $55,000 by the Pennsylvania Surplus Lines
Association will benefit students enrolled in Gannon University's
risk management program who maintain a 3.0 GPA. Under the provision
of the "Power" Scholarship Challenge, the Association's gift will
be matched by Gannon.
Established in 1982, the Pennsylvania Surplus Lines Association
(PSLA) is a non-profit organization that serves as an advisory
organization under contract with the Pennsylvania Insurance
Department (PID). Surplus lines is a category of insurance that can
be purchased to cover risks where insurance is unavailable from
insurers regulated by the jurisdiction where the risk is located.
These risks tend to be unusual or riskier than those generally
covered in that market. The PSLA provides extensive training and
education to both resident and non-resident surplus lines
Kenneth A. Rudert, executive director of Pennsylvania Surplus
Lines Association commented that the surplus lines market is often
times misunderstood in the vast overall picture. "This scholarship
provides an excellent opportunity to introduce the role of this
market to individuals in the early stages of preparing for a career
in insurance," he said.
The Pennsylvania Surplus Lines Association Endowed "Power"
Scholarship is among the almost 200 scholarships at Gannon endowed
by corporations, foundations, families and individuals. Last year,
Gannon University awarded nearly $914,000 in scholarships to more
than 400 deserving students from a diversity of locations,
backgrounds and financial circumstances. More than 90 percent of
undergraduate students received a form of Gannon grant or
Endowed gifts to Gannon can also help fund faculty positions,
professorships, chairmanships, faculty excellence and study abroad
programs at the University.
For more information on the scholarship contact Tony Fulgenzio,
executive director of philanthropy and communications at Gannon
University, at 814-871-7786.