2021-11-12T15:00:49-06:00 2020-12-31 PRICEWATERHOUSECOOPERS LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2020-01-01 131912455 INSURANCE INFORMATION INSTITUTE INC % JEFFREY A SCHEIDT INSU 2123465518 110 WILLIAM STREET NEW YORK NY 10038 JEFFREY A SCHEIDT TREASURER 6106442100 2021-11-11 true JEFFREY A SCHEIDT 999009999 Albert N Antonelli P01496650 2673303000 3 2020 2022-09-23 18:48:47Z Peter L Miller 720 Providence Rd Malvern PA 19355 21013046 false X WWW.III.ORG X 1988 NY TO IMPROVE PUBLIC UNDERSTANDING OF INSURANCE - WHAT IT DOES AND HOW IT WORKS X 33 29 27 5 0 0 0 8660120 8898932 185022 214920 26261 182128 8871403 9295980 2906 0 0 0 6161053 10795756 0 0 0 4236699 4176962 10400658 14972718 -1529255 -5676738 13091256 3011655 4459760 56899 8631496 2954756 X WE ARE AN EDUCATIONAL, FACT FINDING AND COMMUNICATIONS ORGANIZATION FOR THE PROPERTY AND CASUALTY INSURANCE INDUSTRY. THE INSTITUTE CONDUCTS PUBLIC RELATIONS AND EDUCATIONAL ACTIVITIES ON BEHALF OF THE INDUSTRY AND IS SUPPORTED BY OVER 80 MEMBER COMPANIES. false false MEMBERSHIP DUES FROM INDUSTRY MEMBERS TO SUPPORT ACTIVITIES BENEFITTING THE INSURANCE INDUSTRY. TRIPLE-I PRODUCES PUBLIC EDUCATIONAL MATERIALS IN SUPPORT OF OUR MISSION TO BE THE TRUSTED SOURCE OF DATA-DRIVEN INSIGHTS ON INSURANCE TO INFORM AND EMPOWER CONSUMERS. TRIPLE-I PROVIDES BENEFITS TO MEMBERS INCLUDING INDUSTRY REPORTS, FACTS AND STATISTICS, THE DAILY NEWS PUBLICATION, SIGNIFICANT COMMUNICATION/MEDIA RELATIONS SERVICES AND RESEARCH SERVICES. SUBSCRIBER FEES FROM ASSISTING OTHER INDUSTRY ORGANIZATIONS - TRIPLE-I AMPLIFY IS A PUBLIC RELATIONS (PR) CONSULTANCY DESIGNED TO HELP INSURANCE INDUSTRY MEMBER ORGANIZATIONS DRIVE INCREASED AWARENESS OF THEIR MISSION AND DEEPEN THEIR INDUSTRY ENGAGEMENT THROUGH COMMUNICATIONS-RELATED AND MEDIA SERVICES. JOINT INDUSTRY FORUM REGISTRATION FEES - THE JOINT INDUSTRY FORUM CONFERENCE ASSEMBLES KEY FIGURES FROM THE BUSINESS, POLICYMAKING, AND MEDIA SPHERES TO EXPLORE TOPICS OF VITAL INTEREST TO THE PROPERTY/CASUALTY INSURANCE INDUSTRY AND PROVIDE NETWORKING OPPORTUNITIES FOR TRIPLE-I MEMBERS AND OTHER INSURANCE INDUSTRY LEADERS. false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false true false true false false true 31 0 true 27 true false false false false false false true false X 33 29 false false true false true true true true true false false true true true true true true true true false X X JEFFREY A SCHEIDT 6106442100 720 PROVIDENCE ROAD MALVERN PA 193550716 X PETER L MILLER CEO (STARTING NOV 16) 2.0 51.0 X X 0 1555801 186642 SEAN KEVELIGHAN CEO(TO 11/15);DIR(11/16 ON) 45.0 0.0 X X 1391382 41994 42813 LAURA FAVINGER 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0.1 0.0 X 0 0 0 PETER LEFKIN DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 GUY HILL DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 JACK SALZWEDEL DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 GARY GROSE DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 DANIEL RIORDAN DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 DAVID DUPONT DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 PATRICK MCGOVERN DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 BOB VALLIERE DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 SCOTT JEAN DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 TIM NECASTRO DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 JEFF SAULS DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 MARTIN LEITCH DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 JOHN AMMENDOLA DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 RICHARD LAVEY DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 KATHLEEN BROMAGE DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 C THOMAS EVANS JR DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 EDMUND KENEALY DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 HANK WATKINS DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 DARLA FINCHUM DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 MARTIN NEUHAUS DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 MARK BERVEN DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 VICTOR A TERRY DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 KEITH WOLFE DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 JENNIFER KYUNG DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 W ROBERT BERKLEY JR DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 EDWARD J LARGENT DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 LAURA LAZARCZYK DIRECTOR (THROUGH NOV 15) 0.1 0.0 X 0 0 0 3938945 2312016 841097 15 false true false HAMILTON PLACE STRATEGIES LLC 805 15TH STREET SUITE 200 WASHINGTON DC DC 20005 CONSULTING 830000 AICPCU 720 PROVIDENCE ROAD MALVERN PA 19355 SHARED RESOURCES 678673 AARTRIJK 7411 ALBAN STATION CT B265 SPRINGFIELD VA 22150 CONSULTING 115500 3 0 MEMBERSHIP DUES 813920 8850123 8850123 SALE OF PUBLICATIONS 813920 48809 48809 8898932 80855 80855 0 0 0 0 0 11851131 11717066 134065 134065 134065 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 182128 182128 182128 9295980 9081060 214920 0 0 0 0 3924953 0 0 1350178 4650461 585304 284860 0 0 165873 0 0 0 0 0 90090 296755 0 510555 18232 0 871976 0 0 183250 61006 OUTSIDE SERVICES 1146802 SHARED RESOURCE SERVICES 678673 BAD DEBTS 153750 14972720 0 156544 645141 7195674 0 0 0 155772 30869 0 0 0 0 0 2194728 0 0 418347 24103 175331 0 4655457 0 0 0 0 0 0 0 334131 116814 13091256 3011655 1550384 0 0 0 198756 56899 0 0 0 0 0 0 0 0 0 0 2710620 0 4459760 56899 X 8631496 2954756 0 0 8631496 2954756 13091256 3011655 -5676740 X false true X true false X X true true false PETER L MILLER CEO (STARTING NOV 16) 795290 754597 5914 45600 141042 1742443 KATHERINE E HOROWITZ SECRETARY (STARTING NOV 16) 301627 92418 1828 41700 14946 452519 JEFFREY A SCHEIDT DIRECTOR (STARTING NOV 16) 244728 67950 5670 40895 16051 375294 SEAN KEVELIGHAN CEO(TO 11/15);DIR(11/16 ON) 426057 41994 440325 525000 17100 25713 1434195 41994 LAURA FAVINGER CAO (THROUGH (NOV 15) 334551 189906 17100 10796 552353 JAMES LYNCH SVP RSCH & ED (THROUGH NOV 15) 200392 118125 13087 25365 356969 MICHAEL BARRY SVP MED & PR (THROUGH NOV 15) 201059 77000 79908 25364 383331 STEVEN WEISBART SVP & ECON (THROUGH NOV 15) 199051 75644 79034 19178 372907 MICHAEL LEONARD VP & ECON (THROUGH NOV 15) 153867 67500 11759 19045 252171 LORETTA WORTERS VP MEDIA REL (THROUGH NOV 15) 141222 48967 72164 10440 272793 JAMES BALLOT STRAT COMM (THROUGH NOV 15) 158425 24925 8657 17594 209601 KRISTIE MACCINI DIR SOC MEDIA (THROUGH NOV 15) 142393 7438 8813 158644 JENNIFER HA HEAD ED & PUB (THROUGH NOV 15) 126203 33671 10152 25254 195280 FORM 990, SCHEDULE J, PART I, LINE 4A STEVEN WEISBART RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $111,306 JAMES BALLOT RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $38,062 SEAN KEVELIGHAN RECEIVED A CHANGE-OF-CONTROL PAYMENT IN THE AMOUNT OF $525,000. PER THE TERMS OF THE COMPENSATION AGREEMENT, MR. KEVELIGHAN IS REQUIRED TO RETURN A PORTION OF THE PAYMENT IF HE VOLUNTARILY ENDS HIS EMPLOYMENT BEFORE THE SPECIFIED DATE. FORM 990, SCHEDULE J, PART I, LINE 4B PETER MILLER ACCRUED A BENEFIT OF $125,000 UNDER A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN AND THAT AMOUNT IS INCLUDED ON SCHEDULE J, PART II. SHORT-TERM INVESTMENTS 7195674 FMV NA N/A INVESTMENTS 4655457 FMV NA N/A false false false false SCHEDULE N, PART II INSURANCE INFORMATION INSTITUTE, INC. LIQUIDATED INVESTMENTS TO MEET PENSION LIABILITIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 2 CLASSES OF MEMBERS - REGULAR AND ASSOCIATE MEMBERS. FORM 990, PART VI, SECTION A, LINES 4, 7A and 7B THE AMERICAN INSTITUTE FOR CHARTERED PROPERTY CASUALTY UNDERWRITERS ("THE INSTITUTE") AND THE INSURANCE INFORMATION INSTITUTE, INC. ("TRIPLE-I") ENTERED INTO AN AFFILIATION AGREEMENT (THE "AGREEMENT"), EFFECTIVE NOVEMBER 16, 2020, AND A SHARED RESOURCES AGREEMENT ("SRA"), IN ORDER TO SERVE AS A POWERFUL, UNITED VOICE TO SIGNIFICANTLY INFLUENCE INSURANCE EDUCATION, AND WORK TOGETHER TO PROMOTE THE STUDY AND TEACHING OF RISK MANAGEMENT AND INSURANCE BY PROVIDING INSURANCE EDUCATION AND TOOLS FOR HIGHER EDUCATION INSTITUTIONS, PROFESSORS, STUDENTS, AND INSURANCE EDUCATION FOR PUBLIC POLICY MAKERS AMONG OTHER ACTIVITIES. THE INSTITUTES, AS OF THE EFFECTIVE DATE OF THE AGREEMENT, HAS SOLE AUTHORITY AND RIGHT TO (I) ELECT TRIPLE-I'S BOARD OF TRUSTEES; (II) AMEND TRIPLE-I'S ARTICLE OF INCORPORATION; (III) MERGE OR DISSOLVE TRIPLE-I; AND (IV) AMEND TRIPLE-I'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS. FORM 990, PART VI SECTION B, LINE 15 THE PRESIDENT AND THE BOARD USE FORMAL SALARY COMPARABILITY MEASURES TO DETERMINE THE PRESIDENT'S SALARY AND BONUS AS WELL AS THOSE OF THE OTHER OFFICERS AND EMPLOYEES. COMPARABILITY INFORMATION INCLUDES COMPENSATION HISTORY OF THE PREVIOUS PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES, AS WELL AS OTHER TRADE ASSOCIATIONS' FORM 990 FOR COMPARABLE POSITIONS. ALL SALARIES ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. 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