Overview
What is The Workers Compensation Rating & Inspection Bureau Of Massachusetts?
The Workers Compensation Rating & Inspection Bureau of Massachusetts is a non-profit organization based in Boston. It is an unincorporated association of insurers, licensed by the Massachusetts Division of Insurance as a rating organization for workers' compensation insurance. The Bureau functions voluntarily and acts as a statistical agent for workers' compensation data, serving the Massachusetts Division of Insurance. It serves an essential role by collecting and analyzing data to promote fair and accurate insurance premiums for workers' compensation in Massachusetts.
Official website here: www.wcribma.org
Is The Workers Compensation Rating & Inspection Bureau Of Massachusetts legitimate?
The Workers Compensation Rating & Inspection Bureau Of Massachusetts is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Workers Compensation Rating & Inspection 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,557,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,840,447
For more financial information, click here
What is the mission statement of The Workers Compensation Rating & Inspection Bureau Of Massachusetts?
The Workers Compensation Rating & Inspection Bureau of Massachusetts serves as a non-profit association of insurers authorized by the Massachusetts Division of Insurance to function as a rating organization for workers' compensation insurance. Based in Boston, this bureau collects and analyzes statistical data on behalf of the division to ensure fair and consistent pricing for workers' compensation insurance. The Bureau operates on a voluntary basis, acting as a vital intermediary in the workers' compensation insurance industry, promoting transparency and accuracy in the data collection process. By fulfilling its role as the statistical agent, the Bureau helps maintain a stable and sustainable workers' compensation insurance market in Massachusetts.
Official website here: www.wcribma.org
Who is the CEO of The Workers Compensation Rating & Inspection Bureau Of Massachusetts?
Daniel Judson is the Director of The Workers Compensation Rating & Inspection Bureau Of Massachusetts.
Official website here: www.wcribma.org
What is the revenue of The Workers Compensation Rating & Inspection Bureau Of Massachusetts?
The Workers Compensation Rating & Inspection Bureau Of Massachusetts's revenue in 2022 was $15,210,321.
Official website here: www.wcribma.org
Who are the executives of The Workers Compensation Rating & Inspection Bureau Of Massachusetts and what are their salaries?
The average compensation at The Workers Compensation Rating & Inspection Bureau Of Massachusetts during 2022 was $116,323. There are 55 employees and 12 volunteers at The Workers Compensation Rating & Inspection Bureau Of Massachusetts.
Here are 24 key members and their salaries:
- Daniel R Judson (President)
- Carolyn Bergh (Vp & Actuary)
- Daniel M Crowley (Vp Customer Service)
- Chrisopher Timbone (Vp Cio)
- Virginia Mccarthy (Vp & General Counsel)
- Eric J Wildman (Vp, Cfo)
- Anthony Salido (Actuary/Data Ops. Dir.)
- Mary Depierro (Customer Services Manager)
- Sean Murphy (Software Development Manager)
- Christina Vazakas (Senior Actuarial Analyst)
- Christopher Connors (It Infrastructure Manager)
- Eric Christophersen (Software Architect)
- Acadia Insurance Company (Director)
- Aim Mutual Insurance Company (Director)
- Arbella Insurance Company (Director)
- Associated Industries Of Ma (Aim) (Director)
- Atlantic Charter Insurance Company (Director)
- Hanover Insurance Company (Director)
- Hartford (Director)
- Liberty Mutual Insurance Company (Director)
- Ma Aflcio (Director)
- Maia (Director)
- National Union Fire Ins Co Of Pitts (Director)
- Travelers Indemnity Company (Director)
Official website here: www.wcribma.org
Where can I find the form 990 for The Workers Compensation Rating & Inspection Bureau Of Massachusetts?
The The Workers Compensation Rating & Inspection Bureau Of Massachusetts’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wcribma.org
Learn more at the official website: www.wcribma.org
Mission Statement of The Workers Compensation Rating & Inspection Bureau Of Massachusetts
The Workers Compensation Rating & Inspection Bureau of Massachusetts, or WCRIBMA, serves as a vital non-profit organization in the workers' compensation insurance sector. Established as an unincorporated association of insurers, it is licensed by the Massachusetts Division of Insurance to act as a rating organization.
Operating on a voluntary basis, WCRIBMA is instrumental in collecting and analyzing statistical data related to workers' compensation insurance in Massachusetts. Its primary role is to provide essential information to the Massachusetts Division of Insurance, enabling them to make informed decisions regarding the industry. By functioning as the statistical agent for workers' compensation data, WCRIBMA plays a crucial role in ensuring that the Massachusetts Division of Insurance has accurate and up-to-date information to effectively regulate the workers' compensation insurance market.
In summary, the Workers Compensation Rating & Inspection Bureau of Massachusetts is a dedicated non-profit organization that supports the Massachusetts Division of Insurance in its regulatory role within the workers' compensation insurance sector. Through its collection and analysis of statistical data, WCRIBMA provides valuable insights that help ensure a stable and fair insurance market for the benefit of insurers and policyholders alike.
Impact
This information is meant to be a general summary of The Workers Compensation Rating & Inspection Bureau Of Massachusetts. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Workers Compensation Rating & Inspection Bureau Of Massachusetts plays a crucial role in the workers' compensation insurance industry in Massachusetts. As a licensed rating organization, it serves as the statistical agent for workers' compensation data on behalf of the Massachusetts Division of Insurance. This enables the Bureau to provide accurate and reliable information to insurers, regulators, and other stakeholders in the industry.
Furthermore, the Bureau's activities contribute to the overall efficiency and effectiveness of the workers' compensation system in the state. By ensuring that insurers have access to accurate data and rating information, the Bureau plays a key role in helping to maintain a fair and balanced workers' compensation insurance market in Massachusetts.
Overall, the impact of The Workers Compensation Rating & Inspection Bureau Of Massachusetts is significant in supporting the functioning of the workers' compensation system in the state and promoting the well-being of workers and employers alike.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$13,543,129
DATA QUALITY & OTHER FEES
Revenue
$1,351,726
Organization Details
Founding Year
1915
Phone
(617) 439-9030
Principal Officer
Daniel Judson
Main Address
101 ARCH STREET 5TH FLOOR, BOSTON, MA, 021101130
Website
www.wcribma.org
NTEE Category
Code: S40 - Community improvement
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