Organizations Filed Purposes:
AIPSO's mission is to provide high quality services for the insurance residual market at the lowest possible cost.
Automated Information Systems Services provides and supports information systems for any residual market mechanism. We (1) provide systems planning and design, (2) coordinate telecommunications, networking, and data transmission, (3) offer programming expertise, (4) provide and maintain software, systems, and equipment.
Rating Services is a licensed rating organization in more than 40 states and the District of Columbia. We (1) collect, evaluate, and edit insurance premium and expense data received from statistical organizations that collect the data from insurance companies, (2) develop rates, rating rules, and supporting manuals designed specifically for the residual market, (3) develop individual rates for unique risks not specifically rated from the rating manuals, (4) present rate indication to Governing Committees, (5) file rates and rating rules with regulators on behalf of state residual market organizations, (6) provide rating rules in both print and web-based formats.
Financial Services provides accounting and investment services for any residual market organization. We (1) process account receivables/payables, (2) maintain general ledgers, (3) prepare financial statements, reports, and tax filings, (4) maintain and reconcile bank accounts, (5) prepare, distribute, and collect assessments, (6) oversee mechanisms' investments on a centralized basis.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Charles Kwolek Jr | President | 37.5 | $498,910 |
| Lawrence Iacoi | Vice President | 37.5 | $334,475 |
| Joseph Agresta | Vice President | 37.5 | $271,642 |
| Amy Hicks | Vice President | 37.5 | $249,100 |
| Frank Pensabene | Vice President | 37.5 | $241,157 |
| Timothy Messier | Asst Vice President | 37.5 | $226,098 |
| Kevin Leeman | Director Financial Srvs | 37.5 | $200,178 |
| Keith Gentile | Actuary | 37.5 | $187,426 |
| Robert Powers | Senior Counsel | 37.5 | $180,187 |
| Annemarie D'Attelo | Senior Counsel | 37.5 | $177,004 |
| Christopher Young | Director Rules & Policy | 37.5 | $174,981 |
| Tyler Falcone | Director IS&PS | 37.5 | $168,234 |
| Thomas Assad Jr | Director | 37.5 | $166,128 |
| Nj Manufacturers Ins Co | Gov Comm Member | 1 | $0 |
| Selective Ins Co | Gov Comm Member | 1 | $0 |
| Progressive Cas Ins Co | Gov Comm Member | 1 | $0 |
| Usaa | Gov Comm Member | 1 | $0 |
| The Travelers Companies | Gov Comm Member | 1 | $0 |
| State Farm Mut Auto Ins Co | Gov Comm Member | 1 | $0 |
| Interinsurance Exchange Of The Auto Club | Gov Comm Member | 1 | $0 |
| Geico | Gov Comm Member | 1 | $0 |
| Farmers Ins Exchange | Gov Comm Member | 1 | $0 |
| Amica Mut Ins Co | Gov Comm Member | 1 | $0 |
| Nationwide Mut Ins Co | Gov Comm Member | 1 | $0 |
| Allstate Ins Co | Gov Comm Member | 1 | $0 |
| Aig Property Cas Co | Gov Comm Member | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033099349301538_public.xml