NonprofitsMaine Insurance Guaranty Association

Maine Insurance Guaranty Association

BOSTON, MA

Total revenue

$1.8M

Total expenses

$422K

Net assets

$30.8M

Grants received

EIN

237292624

Tax year

2024

Mission

During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Maine state statute, Chapter 24-A Section 4433 of the Maine Insurance Laws.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.0M
Investment income$827K
Other revenue
Total revenue$1.8M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$422K
Total expenses$422K
Total assets$30.8M
Net assets$30.8M

People

7 listed

NameRoleCompensation

Lincoln J Merrill Chair

representing Patriot Insurance Company

Board

1 hrs/wk

Mark Pettingill Vice Chair

representing Patrons Oxford Insurance Co.

Board

1 hrs/wk

William Cahill Board Member

representing Vermont Mutual Insurance Co.

Board

1 hrs/wk

Dave McPherson Board Member

representing MMG Insurance Company

Board

1 hrs/wk

Adam Robitaille Board Member

representing Farmers P&C Insurance Co.

Board

1 hrs/wk

Maisie Russell Board Member

representing Travelers Indemnity Company

Board

1 hrs/wk

Doug Taylor Board Member

representing Liberty Mutual Insurance Company

Board

1 hrs/wk

Independent contractors

Locke Lord LLP

Legal Services

$126K

Tmesys LLC

Rx Drug Service

$115K

Details

EIN237292624
Subsection06
Ruling date1973-06
Formed1970
Employees0
Volunteers0
MAINE INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo