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Specialty insurance · Motorsports first · An Aon company
On the record
Founded: 1952, Fort Wayne. The company’s own history (in both its current Aon-hosted About page and its older Company History page) dates its origin to 1952, when its founders “began managing and marketing a benevolent fund to provide accident medical benefits to injured race car drivers.” Insurance Business magazine’s agency profile and its 2016 Top Program Administrators listing agree: founded 1952, headquarters Fort Wayne, by Nord and Teddi Krauskopf; the Rough Notes March 2002 50th-anniversary profile is the trade-press corroboration. No incorporation record was retrieved, so 1952 is documented, not proven.
Founders: Nord Krauskopf (26 January 1922 – 3 August 1986, born and died in Fort Wayne) and his wife Teddi Krauskopf. Her full first name is given as Theodora (spelled “Teddie” in the Mopar Connection account; the company’s own pages use only “Teddi”). A maiden name “Murdock” was not found in any source worked and is not established — it is not carried as fact. The “K&K” is the couple themselves: the company calls them “the original K&K.”
What it did: specialty insurance, at first only for motorsports. Nord, a Fort Wayne businessman who entered stock-car racing in 1948, found drivers covered only by their own contributions to a fund, and with Teddi pitched a plan for specialised race-driver insurance to Lloyd’s of London. K&K grew into a managing general underwriter — performing underwriting, sales, marketing, loss control and claims functions for the insurers it represents.
Course: two intertwined arcs. The insurance arc: expansion in the 1960s–1970s into festival and fair insurance, a broader sports, leisure and event book across the U.S. and Canada in the 1980s, and sports and recreation expansion in the 1990s. The racing arc: K&K as NASCAR team owner/sponsor 1966–1977, winning the 1970 Grand National Championship with driver Bobby Isaac and crew chief Harry Hyde; Nord sold the racing team to J. D. Stacy in May 1977. His retirement year is flagged: the company history text says he retired “in the late 70s,” its timeline says 1980, and the Nord record says he retired in 1980 as chairman and owner and sold his ownership share in 1984 — the 1980/1984 sequence is carried, the “late 70s” wording is the loose variant. Ron Norton, a K&K underwriter since 1986, became president and CEO on 1 July 2022.
Fate: still operating, as an Aon subsidiary. Aon Corporation purchased K&K in 1993, and it continues under the K&K name as a subsidiary of Aon plc, headquartered in Fort Wayne. Current company figures are carried as company claims: more than 250 employees in Fort Wayne, 80+ specialty programs, and coverage for 350,000+ events and organisations a year, under the motto “Insuring the World’s Fun.” The company timeline records a further Fort Wayne move in 2025: “The K&K office moves to Electric Works.” An older Magnavox Way address is not carried as current — it predates that move in the sources in hand.
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- § 05 — business
Sources: K&K Insurance, About Us (Aon-hosted) — https://kandk.prod.affinity.kentico.aon.com/about-us ; K&K Insurance Group, Company History — https://insure.kandkinsurance.com/sites/Entertainer/Pages/CompanyHistory.aspx ; Insurance Business, “Agency profile: K and K Insurance Group, Ft Wayne IN,” 15 Sept 2015 — https://www.insurancebusinessmag.com/us/news/breaking-news/agency-profile-k-and-k-insurance-group-ft-wayne-in-24799.aspx ; Mopar Connection Magazine, “The Legend of K&K Insurance, Bobby Isaac & Harry Hyde,” 22 Jan 2020 — https://moparconnectionmagazine.com/gallery-the-legend-of-kk-insurance-bobby-isaac-harry-hyde/ ; Nord Krauskopf record — https://en.wikipedia.org/wiki/Nord_Krauskopf ; Insurance Business, “K&K Insurance names new president and CEO,” 21 July 2022 — https://www.insurancebusinessmag.com/us/news/breaking-news/kandk-insurance-names-new-president-and-ceo-413961.aspx . Sources as cited in the profile.