Overview
What is North Carolina Joint Underwriting Association?
The North Carolina Joint Underwriting Association is a Raleigh-based nonprofit organization established in 1969. Its primary mission is to act as a market of last resort, providing property insurance to individuals and businesses who have been unable to purchase it in the standard insurance market. All property and casualty insurance companies operating in North Carolina are statutorily required to participate in funding the Association's operations and share in its losses on a pro rata basis. The Association is not an agency of the state government but is regulated by the North Carolina Commissioner of Insurance. With a workforce of 177 employees, it plays a crucial role in ensuring insurance coverage for those who might not otherwise have access to it.
Official website here: www.ncjua-nciua.org
Is North Carolina Joint Underwriting Association legitimate?
North Carolina Joint Underwriting Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. North Carolina Joint Underwriting 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $682,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,450,171
For more financial information, click here
Official website here: www.ncjua-nciua.org
What is the mission statement of North Carolina Joint Underwriting Association?
The North Carolina Joint Underwriting Association was established in 1969 as a market of last resort to provide property insurance for individuals and businesses struggling to obtain it in the standard insurance market. All property and casualty insurance companies operating in North Carolina are mandated by law to participate in funding the association's operations, and they share in its losses proportionally. The association does not function as a government agency, but it is regulated by the North Carolina Commissioner of Insurance. Its primary mission is to ensure that those unable to secure insurance coverage have access to it, thereby protecting the residents and businesses of North Carolina.
Official website here: www.ncjua-nciua.org
Who is the CEO of North Carolina Joint Underwriting Association?
Dianne Hardy is the Chief Executive Officer of North Carolina Joint Underwriting Association. The CEO's salary of North Carolina Joint Underwriting Association is $482,458 and their total compensation is $601,257.
Official website here: www.ncjua-nciua.org
What is the revenue of North Carolina Joint Underwriting Association?
North Carolina Joint Underwriting Association's revenue in 2022 was $130,581,422.
Official website here: www.ncjua-nciua.org
Who are the executives of North Carolina Joint Underwriting Association and what are their salaries?
The average compensation at North Carolina Joint Underwriting Association during 2022 was $28,995. There are 177 employees at North Carolina Joint Underwriting Association.
Here are 23 key members and their salaries (North Carolina Joint Underwriting Association's CEO's salary is $482,458 and their total compensation is $601,257):
- Dianne Hardy (Chief Executive Officer)
- Alvin Ashworth (Chief Operating Officer)
- Robert Eades (Director Of Claims)
- Sonya Champion (Director Of Hr)
- Tekeela Barnes (Director Of It)
- Vita Wooten (Director Of Underwriting)
- Vicki Fisher (Claims Manager)
- Jacek Seredyniecki (It Manager)
- Mick Quinlan (Chair) [Trustee/Director]
- Bob Messier (Vice Chair) [Trustee/Director]
- Tina Forsberg (Board Member) [Trustee/Director]
- Chris Frisbie (Board Member) [Trustee/Director]
- Allen Houck (Board Member) [Trustee/Director]
- Patrick Joyce (Board Member) [Trustee/Director]
- Hope Kornegay (Board Member) [Trustee/Director]
- Brad Lovin (Board Member) [Trustee/Director]
- John Miletti (Board Member) [Trustee/Director]
- Corise Morrison (Board Member (To Nov '22)) [Trustee/Director]
- Jarrette Sampson (Board Member) [Trustee/Director]
- Eric Vaith (Board Member (From Nov '22)) [Trustee/Director]
- Patrick Weil (Board Member) [Trustee/Director]
- Reginald Wright (Board Member) [Trustee/Director]
- Robert Yancey (Board Member) [Trustee/Director]
Official website here: www.ncjua-nciua.org
Where can I find the form 990 for North Carolina Joint Underwriting Association?
The North Carolina Joint Underwriting Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ncjua-nciua.org
Learn more at the official website: www.ncjua-nciua.org
Mission Statement of North Carolina Joint Underwriting Association
The North Carolina Joint Underwriting Association, established in 1969, serves as a safety net for individuals and businesses in North Carolina who are unable to purchase property insurance in the standard market. When access to insurance is denied due to various risk factors, the Association steps in to provide coverage. All property and casualty insurance companies operating in North Carolina are mandated by state law to contribute to the Association's operations and share in its losses on a pro rata basis. The Association operates independently from the state government but is subject to regulation by the North Carolina Commissioner of Insurance. Its mission is to extend a helping hand to those who may be overlooked by the traditional insurance market, ensuring they do not go without essential property insurance protection.
Impact
This information is meant to be a general summary of North Carolina Joint Underwriting Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The North Carolina Joint Underwriting Association plays a crucial role in providing property insurance to individuals and businesses who are unable to secure it through the standard market. Established by the North Carolina General Assembly in 1969 as a market of last resort, this association ensures that those who face difficulties in obtaining property insurance have a viable option available to them. With all property and casualty insurance companies mandated to participate in funding its operations, the association operates as a mutual benefit entity and is regulated by the North Carolina Commissioner of Insurance. By fulfilling its mission, the North Carolina Joint Underwriting Association contributes to the overall stability and accessibility of the insurance market in the state.
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.
PREMIUMS EARNED
Revenue
$128,518,042
Organization Details
Founding Year
1969
Phone
(919) 821-1299
Principal Officer
Dianne Hardy
Main Address
751 CORPORATE CENTER DR 200, RALEIGH, NC, 27607
Website
www.ncjua-nciua.org
NTEE Category
Code: Y20 - Mutual benefit
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