NORTH CAROLINA RATE BUREAU
Data sourced from IRS 990 public filings
NORTH CAROLINA RATE BUREAU THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.
Annual Revenue
$20,662,690
Known Funders
1
Grants Received
1
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $20,662,690 | $19,411,367 | $4,506,399 |
| 2023 | $19,098,097 | $20,008,203 | $3,252,512 |
| 2022 | $18,311,373 | $18,031,526 | $4,309,684 |
| 2021 | $15,641,391 | $16,271,108 | $4,029,837 |
| 2020 | $17,371,818 | $17,289,021 | $4,659,554 |
| 2019 | $19,616,703 | $17,875,793 | $4,576,757 |
| 2018 | $16,843,180 | $16,102,360 | $2,835,847 |
| 2017 | $14,799,251 | $14,488,482 | $2,180,731 |
Top Funders
RALEIGH, NC
Key Personnel
From 2024 IRS 990 filing
UNITED SERVICES AUTOMOBILE ASSOCIATIO
CHAIR
THE TRAVELERS INDEMNITY COMPANY
GOVERNING COMMITTEE
THE MEMBERS INSURANCE COMPANY
GOVERNING COMMITTEE
STATE FARM MUTUAL INSURANCE COMPANY
VICE CHAIR
PROGRESSIVE CASUALTY INSURANCE COMPAN
GOVERNING COMMITTEE
NC FARM BUREAU MUTUAL INSURANCE COMPA
GOVERNING COMMITTEE (INCOMING 2024)
NATIONWIDE MUTUAL INSURANCE COMPANY
GOVERNING COMMITTEE
LIBERTY MUTUAL INSURANCE COMPANY
GOVERNING COMMITTEE
KEMPER INDEPENDENCE INSURANCE COMPANY
GOVERNING COMMITTEE (OUTGOING 2024)
HARTFORD FIRE INSURANCE COMPANY
GOVERNING COMMITTEE (INCOMING 2024)
Showing 10 of 23 key personnel.
Frequently Asked Questions
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