Mission
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Connecticut state statute, Chapter 704a, Section 38a-842 of the Connecticut Insurance Laws.
Public Charity
CONNECTICUT INSURANCE GUARANTY ASSOCIATION
Based in Boston, MA, CONNECTICUT INSURANCE GUARANTY ASSOCIATION operates as a Public Charity. The organization reported $6.4M in revenue, $9.7M in expenses, $97.6M in total assets for fiscal year 2024.
EIN: 237204066
Boston, MA
Latest filing: 2024
Total Revenue$6.4M
Total Expenses$9.7M
Total Assets$97.6M
Grant Records0
Filing Years2020–2024
Where $100 goes at Connecticut Insurance Guaranty Association
How Connecticut Insurance Guaranty Association divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Connecticut state statute, Chapter 704a, Section 38a-842 of the Connecticut Insurance…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
representing Farmers P&C Insurance Co
Adam Robitaille Board Member
representing Hartford Fire Insurance Company
Andrew J Schneider Board Member
representing MEMIC Indemnity Company
Eileen Fongemie Board Member
representing Amica Mutual Indemnity Company
Jennifer A Morrison Vice Chair
representing Travelers Indemnity Company
Joanne Garvin Board Member
representing Nationwide Mutual Insurance Co.
John Cerrone Board Member
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.4M | $9.7M | $97.6M |
| 2023 | $5.6M | $9.9M | $100.9M |
| 2022 | $10.3M | $19.2M | $105.1M |
| 2020 | $9.0M | $19.5M | $130.1M |
Between 2020 and 2024, reported annual revenue declined from $9.0M to $6.4M (-29%), with total assets most recently reported at $97.6M.
Interactive year-over-year charts and full filing details available with membership.