NonprofitsAutomobile Insurers Bureau Of Massachusetts

Automobile Insurers Bureau Of Massachusetts

BOSTON, MA

Total revenue

$13.7M

Total expenses

$12.8M

Net assets

$573K

Grants received

EIN

041589700

Tax year

2024

Mission

The organization is a voluntary trade association supporting companies that write motor vehicle insurance in Massachusetts. Activities include insurance rate, rule and forms filings and insurance data analysis.

Programs

2 programs

The Bureau provided actuarial analysis and support for its member companies, including loss cost analysis, accident year quarterly comparisons, loss trend analysis and town index analysis.

The Bureau continued to update and maintain a detail claim database for member company use to investigate automobile insurance claims, and for regulators and prosecutors in fighting insurance fraud.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$11.1M
Investment income$461
Other revenue$2.6M
Total revenue$13.7M

Expenses

Grants paid$526K
Salaries & benefits$4.0M
Fundraising
Other expenses$8.3M
Total expenses$12.8M
Total assets$6.5M
Net assets$573K

People

26 listed

NameRoleCompensation

William Scully

Interim-President

Board

$272K

36.25 hrs/wk

Vermont Mutual Group

Governing Committee Member

Board

0

Allstate Insurance Group

Governing Committee Member

Board

0

Arbella Insurance Group

Governing Committee Member

Board

0

Berkshire Hathaway Group

Governing Committee Member

Board

0

Farmers Insurance Group

Governing Committee Member

Board

0

Liberty Mutual Group

Governing Committee Member

Board

0

MAPFRE USA Corp

Governing Committee Member

Board

0

Norfolk & Dedham Group

Governing Committee Member

Board

0

Plymouth Rock Insurance Group

Governing Committee Member

Board

0

Preferred Mutual Insurance Company

Governing Committee Member

Board

0

Quincy Mutual Group

Governing Committee Member

Board

0

The Hanover Insurance Group

Governing Committee Member

Board

0

The Travelers Companies Inc

Governing Committee Member

Board

0

Ira Dobrow

Applications Development Manager

Staff

$215K

19.94 hrs/wk

Jamie McDonough

AVP, Technology & Infrastructure

Staff

$192K

14.5 hrs/wk

Erik Olson

Actuary

Staff

$192K

36.25 hrs/wk

Edith Wendell

AVP, Data and Operations

Staff

$172K

36.25 hrs/wk

Stephen Macary

Finance Director

Staff

$155K

18.13 hrs/wk

Joel Arcieri

Actuarial Systems Director

Staff

$155K

36.25 hrs/wk

Timothy Fidler

Database and Systems Security Manager

Staff

$148K

18.13 hrs/wk

Kim Barber

President

Staff

$139K

36.25 hrs/wk

James Sidney

Senior Systems Analyst

Staff

$128K

21.75 hrs/wk

Mary Babbitt

Senior Systems Analyst

Staff

$110K

21.75 hrs/wk

Michael Faria

Technical Associate

Staff

$103K

36.25 hrs/wk

Steven Michalski

Senior Network Administrator

Staff

$101K

14.5 hrs/wk

Details

EIN041589700
Subsection06
Ruling date1944-11
Formed1925
Employees22
Volunteers0
AUTOMOBILE INSURERS BUREAU OF MASSACHUSETTS — Mission, Financials & Grants Received | Grantivo