Nonprofits›Massachusetts Insurers Insolvency Fund

Massachusetts Insurers Insolvency Fund

BOSTON, MA

Website

Total revenue

$8.0M

Total expenses

$11.9M

Net assets

$199.5M

Grants received

—

EIN

237304306

Tax year

2024

Mission

During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Massachusetts state statute, Chapter 1 75 D, G. L. Mass., enacted as Chapter 261, Laws 1970.

Financials

FY 2024

Revenue

Contributions & grants—
Program service revenue$1.3M
Investment income$6.7M
Other revenue—
Total revenue$8.0M

Expenses

Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$3.5M
Total expenses$11.9M
Total assets$199.5M
Net assets$199.5M

People

8 listed

NameRoleCompensation

Donald Baldini Chair

representing Liberty Mutual Insurance Co.

Board

—

1 hrs/wk

Chris Whitford Vice Chair

representing Safety Insurance Company

Board

—

1 hrs/wk

Harris E Berenson Board Member

representing The Hanover Insurance Group

Board

—

1 hrs/wk

Eileen Fongemie Board Member

representing MEMIC Indemnity Company

Board

—

1 hrs/wk

Samantha Freedman Board Member

representing Government Employees Ins Co

Board

—

1 hrs/wk

Chris Hall Board Member

representing Arbella Mutual Insurance Company

Board

—

1 hrs/wk

Adam Robitaille Board Member

representing Farmers Prop. & Cas. Ins. Co.

Board

—

1 hrs/wk

Kevin Walsh Board Member

representing The Travelers Indemnity Co.

Board

—

1 hrs/wk

Independent contractors

Tmesys LLC

Rx Drug Service

$725K

Latham & Watkins LLP

Legal Services

$395K

Pierson Ferdinand LLP

Legal Services

$106K

Lewis Brisbois Bisgaard & Smith LLP

Legal Services

$105K

Details

EIN237304306
Subsection06
Ruling date1974-04
Formed1973
Employees0
Volunteers0
MASSACHUSETTS INSURERS INSOLVENCY FUND — Mission, Financials & Grants Received | Grantivo