NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION
Data sourced from IRS 990 public filings
NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.
Annual Revenue
$357,797,739
Known Funders
0
Grants Received
0
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $446,830,243 | $244,465,418 | $1,516,384,288 |
| 2022 | $357,797,739 | $184,740,119 | $1,241,045,262 |
| 2021 | $314,057,800 | $164,666,796 | $1,027,510,560 |
| 2020 | $279,001,377 | $202,513,546 | $878,002,625 |
| 2019 | $281,482,867 | $367,397,328 | $851,036,289 |
| 2018 | $349,643,486 | $1,312,128,310 | $1,064,688,165 |
| 2017 | $337,063,764 | $90,730,088 | $1,751,460,368 |
| 2016 | $311,782,864 | $166,051,229 | $1,543,383,621 |
Top Funders
No funder data available yet for this nonprofit.
Key Personnel
From 2023 IRS 990 filing
MICK QUINLAN
DIRECTOR OF IT (FROM APR '23)
ALLEN HOUCK
CHAIR
BOB MESSIER
CHAIR (TO MAR '23)
ERIC HAMMONS
VICE CHAIR (FROM JUN '23)
ROD EVANS
BOARD MEMBER
CHRIS FRISBIE
BOARD MEMBER (TO JUN '23)
ALEX GARATE
BOARD MEMBER (FROM JUN '23)
MONICA GARDNER
BOARD MEMBER (FROM NOV '23)
STEVE HALL
BOARD MEMBER (FROM JUN '23)
CHARLOTTE HICKS
BOARD MEMBER
Showing 10 of 25 key personnel.
Frequently Asked Questions
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