Overview
What is Texas Property And Casualty Insurance Guaranty Association?
The Texas Property and Casualty Insurance Guaranty Association (TPCIGA) functions as a safety net for Texas residents by ensuring the payment of covered property and casualty claims when an insurer becomes financially impaired. Established to prevent financial loss for claimants and policyholders, TPCIGA operates as a reliable partner within the insolvency system. Their mission is to serve the people of Texas fairly and promptly, maintaining an efficient and cost-effective approach.
Official website here: www.tpciga.org
What are the reviews and ratings of this charity?
The Texas Property And Casualty Insurance Guaranty Association is not currently rated by Charity Navigator. This organization is not evaluated because it is not registered as a 501(c)(3) nonprofit, which is necessary for consideration. The absence of a rating indicates only that an evaluation has not been conducted, rather than a positive or negative judgment on its operations.
Since it cannot be classified under the 501(c)(3) category, Texas Property And Casualty Insurance Guaranty Association is not eligible for rating in several key areas such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability. Hence, there's no available data on its revenue, expenses, or salaries of key figures through this platform.
No user reviews are available on GreatNonprofits, meaning there isn't any publicly accessible feedback to provide additional insights into public perception or experiences with this organization. Consequently, an overall picture based on the usual detailed evaluative metrics is not feasible at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Property And Casualty Insurance Guaranty Association legitimate?
Texas Property And Casualty Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas Property And Casualty Insurance Guaranty Association 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: $1,008,352
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,274,896
For more financial information, click here
Official website here: www.tpciga.org
What is the mission statement of Texas Property And Casualty Insurance Guaranty Association?
The Texas Property and Casualty Insurance Guaranty Association serves as a safety net for Texas residents in the event of an insolvent property and casualty insurance company. Acting as a partner in the insolvency system, the organization ensures prompt and fair handling of insurance claims. Its mission is to provide financial security and stability to policyholders and claimants, preventing potential financial loss. The Association was established to assure continuity of coverage for policyholders, protecting them from the consequences of an impaired insurer. In summary, the Texas Property and Casualty Insurance Guaranty Association safeguards the interests of Texans by efficiently and cost-effectively managing the payment of covered claims when an insurance company becomes insolvent.
Official website here: www.tpciga.org
Who is the CEO of Texas Property And Casualty Insurance Guaranty Association?
Barbara Baetz is the Principal Officer of Texas Property And Casualty Insurance Guaranty Association.
Official website here: www.tpciga.org
What is the revenue of Texas Property And Casualty Insurance Guaranty Association?
Texas Property And Casualty Insurance Guaranty Association's revenue in 2022 was $112,788,856.
Official website here: www.tpciga.org
Who are the executives of Texas Property And Casualty Insurance Guaranty Association and what are their salaries?
The average compensation at Texas Property And Casualty Insurance Guaranty Association during 2022 was $71,375. There are 46 employees at Texas Property And Casualty Insurance Guaranty Association.
Here are 13 key members and their salaries:
- Compensation: $287,350
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- Other: $0
- Compensation: $219,287
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- Other: $0
- Compensation: $174,927
- Related: $0
- Other: $0
- Compensation: $170,235
- Related: $0
- Other: $0
- Compensation: $156,553
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tpciga.org
Where can I find the form 990 for Texas Property And Casualty Insurance Guaranty Association?
Texas Property And Casualty Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tpciga.org
Learn more at the official website: www.tpciga.org
Mission Statement of Texas Property And Casualty Insurance Guaranty Association
Texas Property and Casualty Insurance Guaranty Association (TPCIGA) serves as a safety net for the people of Texas in the insolvency system. Established with a mission to provide a mechanism for the payment of covered property and casualty claims, TPCIGA ensures that claimants and policyholders are protected from financial loss due to the impairment of an insurer.
Acting as a partner in the insolvency process, TPCIGA operates fairly and promptly to serve the people of Texas. Its primary goal is to maintain financial stability within the insurance industry and ensure that policyholders can continue to access the coverage they need during times of insurer instability. By doing so, TPCIGA instills confidence in the insurance market and safeguards the financial security of policyholders within the state.
In summary, the Texas Property and Casualty Insurance Guaranty Association acts as a vital safety net for the people of Texas in the insolvency system. Through its mission to fairly and promptly serve the people, TPCIGA assists in maintaining financial stability within the insurance industry, ensuring that policyholders can continue to access the coverage they need during times of insurer instability.
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Impact
October, 2024
The Texas Property and Casualty Insurance Guaranty Association serves as a vital insurance safety net, providing protection against the financial fallout from the insolvency of property and casualty insurers. By ensuring the payment of covered claims, it safeguards policyholders and claimants from significant losses during these challenging times. This organization promotes stability within the insurance market while working to instill confidence among consumers in Texas, helping to mitigate the adverse effects that may arise from insurer failures. Its efficient and cost-effective operations reflect a commitment to fairly serving the people of Texas, making it an essential component of the state's insurance landscape.
This information is meant to be a general summary of Texas Property And Casualty Insurance Guaranty Association. 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: $9,461,183
- Program Service Revenue: $103,327,673
- Gross Receipts: $112,788,856
Assets and Liabilities:
- Total Assets: $464,302,453
- Total Liabilities: $378,606,845
- Net Assets: $85,695,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Distributions
Revenue
$27,385,401
Subrogation
Revenue
$1,439,742
Assessment
Revenue
$74,502,530
Organization Details
Founding Year
1971
Phone
(512) 345-9335Principal Officer
Barbara Baetz
Main Address
9120 BURNET ROAD, AUSTIN, TX, 787585204
Website
www.tpciga.orgNTEE Category
Code: Y20 - Mutual benefit
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