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 licensees.

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 scholarship.

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.