Insurance Information Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131912455 ✦ New york, NY ✦ Designated as a 501(c)(6)

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Overview

What is Insurance Information Institute Inc?

Insurance Information Institute Inc, located in New York City, is a nonprofit organization that supports the insurance industry through membership dues. Their primary mission is to enhance the public's understanding of insurance, explaining its role and functioning. They achieve this goal by producing educational materials, serving as a reliable source of data-driven insights. The Institute offers various benefits to its members, including industry reports, statistics, a daily news publication, and research services. They also provide significant communication and media relations services, ensuring the insurance industry's voice is heard effectively. With over 80 member companies, Insurance Information Institute Inc plays a crucial role in promoting awareness and education about the property and casualty insurance sector.


Official website here: www.iii.org

Is Insurance Information Institute Inc legitimate?

Insurance Information Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Information Institute Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iii.org

What is the mission statement of Insurance Information Institute Inc?

The Insurance Information Institute Inc, serving as an educational, fact-finding, and communication organization for the property and casualty insurance industry, aims to improve public understanding of insurance. Supported by over 80 member companies, the Institute conducts public relations and educational activities on behalf of the industry. Its mission is to be a reliable source of data-driven insights on insurance, informing and empowering consumers. The Institute provides benefits to its members, including industry reports, facts, statistics, a daily news publication, significant communication/media relations services, and research services. The Institute produces public educational materials to support its mission.


Official website here: www.iii.org

Who is the CEO of Insurance Information Institute Inc?

Peter L Miller is the Ceo of Insurance Information Institute Inc. The CEO's salary of Insurance Information Institute Inc is $0 and their total compensation is $2,659,396.


Official website here: www.iii.org

What is the revenue of Insurance Information Institute Inc?

Insurance Information Institute Inc's revenue in 2022 was $6,750,004.


Official website here: www.iii.org

Who are the executives of Insurance Information Institute Inc and what are their salaries?


Here are 6 key members and their salaries (Insurance Information Institute Inc's CEO's salary is $0 and their total compensation is $2,659,396):


Peter L Miller (Ceo)
  • Compensation: $0
  • Related: $2,444,478
  • Other: $214,918
Katherine E Horowitz (Secretary)
  • Compensation: $0
  • Related: $762,188
  • Other: $58,285
Sean Kevelighan (Director)
  • Compensation: $0
  • Related: $692,442
  • Other: $52,835
Jeffrey A Scheidt (Treasurer)
  • Compensation: $0
  • Related: $448,924
  • Other: $65,035
Jennifer Kyung (Director (Beg. 06/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Creedon (Director (End. 06/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iii.org

Where can I find the form 990 for Insurance Information Institute Inc?

Insurance Information Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iii.org

Learn more at the official website: www.iii.org

Mission Statement of Insurance Information Institute Inc

The Insurance Information Institute Inc, as an educational, fact-finding, and communications organization, is dedicated to improving the general public's understanding of insurance. This nonprofit serves as a trusted source for data-driven insights on insurance, aiming to inform and empower consumers. Supported by over 80 member companies, the Institute conducts public relations and educational activities on behalf of the property and casualty insurance industry. Its primary mission is to provide valuable information about insurance, explaining what it does and how it works, thereby promoting transparency and understanding within the sector.

In addition to its educational role, the Insurance Information Institute Inc offers benefits to its members. These benefits include access to industry reports, facts, and statistics, as well as significant communication/media relations services and research services. Furthermore, the Institute produces public educational materials to support its mission, ensuring that consumers have the information they need to make informed decisions about insurance. By fostering a better understanding of insurance, the Institute helps to build public trust in the industry and promote responsible use of its products.

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Impact




October, 2024

The Insurance Information Institute Inc (Triple-I) plays a vital role in enhancing public understanding of insurance by providing critical insights into its workings. By producing educational materials and conducting outreach efforts, Triple-I serves as a trusted source of data-driven information, helping consumers make informed decisions regarding insurance.

The organization’s membership model, supported by dues from over 80 industry members, allows it to deliver significant benefits to its partners. This includes access to comprehensive industry reports, up-to-date facts and statistics, and media relations services, all of which contribute to a more informed public discourse about insurance.

Additionally, Triple-I's focus on public relations and educational activities helps demystify the complexities of the property and casualty insurance sector, empowering individuals with the knowledge to navigate their insurance choices confidently. Through its ongoing efforts, Triple-I reinforces the industry's credibility and transparency, ultimately fostering a more informed and empowered consumer base.




This information is meant to be a general summary of Insurance Information Institute Inc. 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.

Revenue
$6,750,004 (2022)
Expenses
$8,781,238 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $6,584,723
  • Gross Receipts: $6,750,004

Assets and Liabilities:

  • Total Assets: $205,001
  • Total Liabilities: $1,308,854
  • Net Assets: -$1,103,853

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$6,346,623

FORUM REG. AND SPONSOR. FEES

Revenue

$238,100

Organization Details

Founding Year

1988

Principal Officer

Peter L Miller

Main Address

110 WILLIAM STREET, NEW YORK, NY, 10038

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