2025-05-02T09:38:49-05:00 2024-06-30 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2023-07-01 362021360 AMERICAN ASSOCIATION OF INSURANCE SERVICES AMER 6306818347 701 WARRENVILLE ROAD 101 LISLE IL 60532 CHRISTOPHER D BUNCH CFO 6306818347 2025-04-14 1 1 HEATHER BONIFAS CPA P01711657 6305668400 2025-04-14 2023 2025-03-06 01:10:19Z WERNER KRUCK 701 WARRENVILLE ROAD 101 LISLE IL 60532 44784114 0 X AAISONLINE.COM X 1984 DE TO PROMOTE THE INTERESTS OF AFFILIATED AND ORGANIZED GROUPS OF INSURANCE COMPANIES. 9 8 127 8 0 0 0 0 25929573 29271702 144018 -629529 0 0 26073591 28642173 0 0 0 0 17992993 20372284 0 0 0 9009070 7531362 27002063 27903646 -928472 738527 29082082 28362049 19305384 17499860 9776698 10862189 TO PROMOTE THE COMMON BUSINESS INTERESTS OF AFFILIATED INSURANCE COMPANIES AND ORGANIZED GROUPS OF INSURANCE COMPANIES. 0 0 AAIS IS AN ADVISORY ORGANIZATION AND A STATISTICAL AGENT WORKING ON BEHALF OF 730 PROPERTY AND CASUALTY INSURANCE COMPANIES. AAIS DEVELOPS, MAINTAINS AND UPDATES MANUALS OF RULES AND RATING PROCEDURES FOR APPROXIMATELY 34 INSURANCE PROGRAM LINES AND FILES THOSE PROGRAMS WITH ALL STATE INSURANCE DEPARTMENTS ON BEHALF OF OUR MEMBER COMPANIES. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS MADE OVER 1258 FILINGS WITH INSURANCE DEPARTMENTS TO ADDRESS PRODUCT UPDATES AND REVISIONS, AS WELL AS EVOLVING REGULATORY COMPLIANCE ISSUES. AAIS COLLECTS COMPANY INSURANCE DATA ON BEHALF OF STATE REGULATORS AND REPORTS SUCH DATA TO THE REGULATORS IN ORDER TO SATISFY MEMBER COMPANIES I STATUTORY REPORTING REQUIREMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS PROCESSED APPROXIMATELY 8,420,000 CLAIMS RECORDS WITH TOTAL LOSS ESTIMATES OF APPROXIMATELY $34.3 BILLION. AAIS ALSO COLLECTS THIRD PARTY DATA FROM A VARIETY OF PUBLIC AND PROPRIETARY DATA SOURCES TO REFINE RISK MANAGEMENT ADVISORY SERVICES. THIS INCLUDES DATA ON ECONOMIC ACTIVITY, FIRE INCIDENTS, REGIONAL EXPOSURE ATTRIBUTES, WEATHER, CRIME, CENSUS INFORMATION, MARKET SHARE INFORMATION, FIRE STATION AND FIRE HYDRANT LOCATION INFORMATION. OVER 230,000,000 RECORDS OF RELATED THIRD PARTY DATA WERE UTILIZED FOR VARIOUS ADVISORY SUPPORT ACTIVITIES DURING FISCAL YEAR ENDED JUNE 30, 2024. AAIS DISTRIBUTES INFORMATION TO MEMBER COMPANIES VIA BULLETINS WHICH INCLUDE INSTRUCTIONS ON ADOPTING NEWLY-FILED RULES AND FORMS AND MANDATORY ENDORSEMENTS. FOR THE FISCAL YEAR ENDED JUNE 30, 2024, AAIS DISTRIBUTED ALMOST 404 RELATED BULLETINS TO MEMBER COMPANIES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 127 1 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X CHRISTOPHER D BUNCH 6304573281 701 WARRENVILLE ROAD 101 LISLE IL 60532 DAVID B DUCLOS DIRECTOR 1.00 X 0 0 0 M ROSS FISHER DIRECTOR 1.00 X 0 0 0 RANDY SHAW DIRECTOR 1.00 X 0 0 0 JILL WAGNER KELLY DIRECTOR 1.00 X 0 0 0 KEITH WOLFE DIRECTOR 1.00 X 0 0 0 LISA PECHAN DIRECTOR 1.00 X 0 0 0 RENEE BEAUFORD DIRECTOR 1.00 X 0 0 0 CYSTAL OTTAVIANO DIRECTOR 1.00 X 0 0 0 WERNER KRUCK PRESIDENT & CEO 40.00 X 299803 0 12758 CHRISTOPHER BUNCH CHIEF FINANCIAL OFFICER 40.00 X 100313 0 5114 EDMUND KELLY END 12312023 PRESIDENT AND CEO 40.00 X 1201505 0 25172 JOAN ZERKOVICH END 08082023 SVP 40.00 X 1127573 0 23508 TERESA WESTCOTT END 10112023 VP-LEGAL & COMPLIANCE 40.00 X 449253 0 21052 JOHN KADOUS VICE PRESIDENT OF PRODUCTS 40.00 X 419376 0 36362 KEN SAYERS VICE PRESIDENT OF TECHNOLOGY 40.00 X 290265 0 35945 MICHAEL PAYNE VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI 40.00 X 451977 0 27714 KAREN SHERIDAN DIRECTOR OF HUMAN RESOURCES 40.00 X 281962 0 19404 JOHN GREENE END 41224 DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 X 410829 0 16838 5032856 0 223867 71 0 1 0 AMAZON WEB SERVICES INC PO BOX 84023 SEATTLE WA 98124 DATA HOSTING SERVICES 991664 RSM US LLP 5155 PAYSHPERE CIRCLE CHICAGO IL 60674 ACCOUNTING SERVICES 286548 QUADRANT INFORMATION SERVICES 695 NASHVILLE PIKE 207 GALLATIN TN 37066 ACTUARIAL PERSONAL AUTO INFORMATION SUBS 225000 RISK MANAGEMENT SOLUTIONS INC PO BOX 360879 PITTSBURGH PA 15251 RISK MODELING APPLICATION SOFTWARE SERVI 173834 HITACHI VANTARA LLC PO BOX 99257 CHICAGO IL 60693 SOFTWARE SUPPORT SERVICES 153138 11 MEMBERSHIP DUES 541900 29193237 29193237 FORMS, MANUALS AND OTHER 541900 78465 78465 29271702 586719 586719 14925693 14928164 1213777 -2471 -1213777 -1216248 -1216248 28642173 29271702 0 -629529 1457827 15978845 737861 1105843 1091908 25992 454244 195317 408802 3475084 393511 538600 240071 1019617 150819 LICENSES AND FILING FEE 293541 DUES & SUBSCRIPTIONS 178762 EQUIPMENT RENTAL, MAINT 157002 27903646 10846444 10637762 12845426 15618647 149952 30274 1014612 960264 7641820 7163486 2711728 478334 697726 0 816194 636768 29082082 28362049 4083672 3648934 13550398 13084788 1671314 766138 19305384 17499860 X 9776698 10862189 9776698 10862189 29082082 28362049 X 738527 328852 18112 X 0 1 X 1 0 0 1 0 898788 774868 123920 6743032 6388618 354414 478334 OPERATING LEASE LIABILITIES 766138 766138 X 28971025 328852 328852 28642173 0 28642173 27903646 0 27903646 0 27903646 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE ASSOCIATION'S 2022, 2021, AND 2020 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE TAXING AUTHORITIES. X X 1 1 X X X 1 1 0 EDMUND KELLY END 12312023 PRESIDENT AND CEO 634305 0 567200 0 0 0 19800 0 5372 0 1226677 0 0 0 JOAN ZERKOVICH END 08082023 SVP 554428 0 573145 0 0 0 19800 0 3708 0 1151081 0 0 0 MICHAEL PAYNE VICE PRESIDENT OF ACTUARIAL SERVICES 347414 0 104563 0 0 0 19800 0 7914 0 479691 0 0 0 TERESA WESTCOTT END 10112023 VP-LEGAL & COMPLIANCE 316228 0 133025 0 0 0 19630 0 1422 0 470305 0 0 0 JOHN KADOUS VICE PRESIDENT OF PRODUCTS 309773 0 109603 0 0 0 18727 0 17635 0 455738 0 0 0 JOHN GREENE END 41224 DIRECTOR OF MARKETING & COMMUNICATIO 293119 0 117710 0 0 0 16600 0 238 0 427667 0 0 0 KEN SAYERS VICE PRESIDENT OF TECHNOLOGY 245663 0 44602 0 0 0 17981 0 17964 0 326210 0 0 0 WERNER KRUCK PRESIDENT & CEO 299803 0 0 0 0 0 12692 0 66 0 312561 0 0 0 KAREN SHERIDAN DIRECTOR OF HUMAN RESOURCES 211637 0 70325 0 0 0 13380 0 6024 0 301366 0 0 0 PART I, LINE 1A IT WAS NOTED THAT A SINGLE EMPLOYEE TRAVELED FIRST CLASS ONCE DURING THE YEAR. THE ORGANIZATION OFFERS THE OPPORTUNITY FOR OUR EMPLOYEES TO TRAVEL WITH A COMPANION ONCE A YEAR FOR A SPECIFIED INTERNAL EVENT. THIS IS A DISTRIBUTED WORK FORCE POLICY THAT PROMOTES TEAM BUILDING, INCLUSION AND COMRADERY WITHIN THE COMPANY. PART I, LINES 4A-B SEVERANCE: EDMUND KELLY - $300,000 JOAN ZERKOVICH - $201,346 NONQUALIFIED RETIREMENT PLAN (457B): KAREN SHERIDAN - $5,931.04 TERESA WESTCOTT - $28,902.18 JOAN ZERKOVICH - $216,786.57 JOHN KADOUS - $292,057.18 EDMUND KELLY - $202,114.11 FORM 990, PART VI, SECTION B, LINE 11B THE AMERICAN ASSOCIATION OF INSURANCE SERVICES' FORM 990 WAS PREPARED ON BEHALF OF THE ASSOCIATION BY SIKICH LLP WHO ALSO SERVE AS THE ASSOCIATION'S INDEPENDENT AUDITORS. THE ASSOCIATION'S DIRECTOR OF FINANCE AND ACCOUNTING, SARA SANDUSKY, PROVIDED INPUT AND EXPLANATIONS TO THE PREPARERS REGARDING VARIOUS INFORMATION REQUESTED ON FORM 990 AND SCHEDULES. IN ADDITION, THIS INDIVIDUAL HAS REVIEWED THE ANSWERS TO ALL LINES AND QUESTIONS ON THE PREPARED FORM 990 AND SCHEDULES PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UPON ELECTION TO THE BOARD, NEW DIRECTORS RECEIVE A COPY OF THE ASSOCIATION'S CONFLICT OF INTEREST POLICY AS WELL AS A COPY OF THE ASSOCIATION'S CONFLICT OF INTEREST DISCLOSURE FORM WHICH THEY MUST COMPLETE. THEREAFTER, THEY ARE REQUESTED TO COMPLETE AND SUBMIT A NEW FORM ONLY IF THERE IS A CHANGE IN THE BOARD MEMBER'S CIRCUMSTANCES WITH REGARD TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE ASSOCIATION'S BOARD OF DIRECTORS COLLECTIVELY REVIEW AND DETERMINE THE COMPENSATION OF THE ASSOCIATION'S PRESIDENT AND CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ASSOCIATION'S OFFICES IN LISLE, ILLINOIS. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 18,112.