Overview
What is Automobile Insurers Bureau Of Massachusetts?
The Automobile Insurers Bureau of Massachusetts is a nonprofit organization situated in Boston, Massachusetts, with a US address at 101 Arch Street, ZIP code 021101103. With a team of 23 employees, this trade association acts as a representative body for motor vehicle insurance companies operating in Massachusetts. Their core functions include filing rate, rule, and forms adjustments on behalf of their members, as well as engaging in insurance data analysis. The Bureau's mission focuses on supporting its members in the Massachusetts motor vehicle insurance industry, ensuring a collaborative environment for effective filings and data-driven decision making.
Official website here: www.aib.org
Is Automobile Insurers Bureau Of Massachusetts legitimate?
Automobile Insurers Bureau Of Massachusetts is a legitimate nonprofit organization registered as a 501(c)(6) entity. Automobile Insurers Bureau Of Massachusetts submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,823,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,381,846
For more financial information, click here
Official website here: www.aib.org
What is the mission statement of Automobile Insurers Bureau Of Massachusetts?
The Automobile Insurers Bureau of Massachusetts functions as a voluntary trade association, representing motor vehicle insurance companies in the state. The organization's primary activities involve insurance rate, rule, and forms filings, as well as insurance data analysis. In essence, the Automobile Insurers Bureau of Massachusetts serves as a collective platform for its member companies to collaborate and navigate the regulatory landscape of the Massachusetts motor vehicle insurance industry.
Official website here: www.aib.org
Who is the CEO of Automobile Insurers Bureau Of Massachusetts?
Kim A Barber is the President of Automobile Insurers Bureau Of Massachusetts.
Official website here: www.aib.org
What is the revenue of Automobile Insurers Bureau Of Massachusetts?
Automobile Insurers Bureau Of Massachusetts's revenue in 2022 was $13,330,771.
Official website here: www.aib.org
Who are the executives of Automobile Insurers Bureau Of Massachusetts and what are their salaries?
The average compensation at Automobile Insurers Bureau Of Massachusetts during 2022 was $139,381. There are 23 employees at Automobile Insurers Bureau Of Massachusetts.
Here are 25 key members and their salaries:
- Compensation: $479,293
- Related: $0
- Other: $73,605
- Compensation: $248,119
- Related: $0
- Other: $62,265
- Compensation: $201,725
- Related: $0
- Other: $68,213
- Compensation: $201,318
- Related: $0
- Other: $51,139
- Compensation: $163,934
- Related: $0
- Other: $40,488
- Compensation: $174,755
- Related: $0
- Other: $23,124
- Compensation: $177,409
- Related: $0
- Other: $13,443
- Compensation: $142,811
- Related: $0
- Other: $40,235
- Compensation: $142,329
- Related: $0
- Other: $26,824
- Compensation: $142,445
- Related: $0
- Other: $26,644
- Compensation: $123,404
- Related: $0
- Other: $33,603
- Compensation: $119,720
- Related: $0
- Other: $9,183
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aib.org
Where can I find the form 990 for Automobile Insurers Bureau Of Massachusetts?
Automobile Insurers Bureau Of Massachusetts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aib.org
Learn more at the official website: www.aib.org
Mission Statement of Automobile Insurers Bureau Of Massachusetts
The Automobile Insurers Bureau of Massachusetts is a voluntary trade association that plays a crucial role in supporting motor vehicle insurance companies operating in the state. With a mission to facilitate collaboration among its members, the Bureau engages in activities aimed at filing insurance rates, rules, and forms on their behalf. By analyzing insurance data, the organization ensures that the insurance industry in Massachusetts remains informed and responsive to the ever-evolving market requirements.
At the heart of the Automobile Insurers Bureau of Massachusetts' mission is its commitment to fostering a vibrant and sustainable insurance market. The Bureau's members rely on its expertise in navigating the complex regulatory landscape and ensuring that their insurance offerings remain competitive and compliant. This not only benefits the insurance companies but ultimately, the consumers who rely on them for protection.
Through its various activities, the Automobile Insurers Bureau of Massachusetts serves as a vital link between the insurance industry and the regulatory bodies that govern it. By submitting rate filings, advisory rate filings, and policy rules and forms changes, the organization enables its members to adapt to market conditions and maintain a strong presence in the Massachusetts insurance market. This proactive approach to regulatory compliance allows the Bureau's members to focus on providing top-notch insurance services to their clients, ensuring that the needs of Massachusetts' motorists are met with the highest standards of care and innovation.
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Impact
October, 2024
The Automobile Insurers Bureau of Massachusetts significantly influences the motor vehicle insurance landscape in the state by acting as a vital support system for insurance companies. It facilitates the submission of rate filings for commercial automobiles and provides advisory rate filings for private passenger vehicles, helping to establish a structured and consistent regulatory framework.
Additionally, the Bureau plays an essential role in the analysis of insurance data, ensuring that member companies can make informed decisions based on comprehensive industry insights. By coordinating filings for policy rules and forms changes, it promotes uniformity and clarity in the insurance offerings available to consumers. Overall, its efforts contribute to a more stable and competitive insurance market in Massachusetts, benefiting both insurers and policyholders alike.
This information is meant to be a general summary of Automobile Insurers Bureau Of Massachusetts. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $965
- Program Service Revenue: $10,514,168
- Gross Receipts: $13,330,771
Assets and Liabilities:
- Total Assets: $7,444,199
- Total Liabilities: $7,263,508
- Net Assets: $180,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Fees
Revenue
$10,514,168
Organization Details
Founding Year
1925
Phone
(617) 439-4542Principal Officer
Kim A Barber
Main Address
101 Arch Street, Boston, MA, 021101103
Website
www.aib.orgIf you are a representative of Automobile Insurers Bureau Of Massachusetts and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.