2024-11-07T12:09:55-06:00 2023-12-31 923320348 EAG GULF COAST LLC ONE GALLERIA BLVD STE 2100 METAIRIE LA 70001 990 2023-01-01 720246020 PROPERTY INSURANCE ASSOCIATION OF LA PROP 5048367980 433 METAIRIE ROAD 400 METAIRIE LA 70005 ALVIN J HERBERT III EXECUTIVE DIRECTOR 5048367980 2024-11-05 1 1 GINA RACHEL P01216293 5048375990 2023 2024-10-15 13:58:12Z ALVIN J HERBERT III 433 METAIRIE ROAD 400 METAIRIE LA 70005 10814717 0 X WWW.PIAL.ORG X 1888 LA TO PROMOTE & MAINTAIN A HEALTHY & COMPETITIVE PROPERTY INSURANCE MARKET IN THE STATE OF LA FOR THE BENEFIT OF THE INSURING PUBLIC. 17 17 30 19 0 0 0 0 5413597 6243034 80214 478282 527599 392437 6021410 7113753 0 0 0 0 2854773 2959871 0 0 0 2618834 2783074 5473607 5742945 547803 1370808 13798529 16019957 1853817 2664622 11944712 13355335 X THE PROPERTY INSURANCE ASSOCIATION OF LOUISIANA (PIAL) IS A PRIVATE, NON-PROFIT ASSOCIATION MADE UP OF ALL INSURANCE COMPANIES LICENSED TO WRITE PROPERTY COVERAGES WITHIN THE STATE. FOUNDED BY ITS MEMBER COMPANIES IN 1888, THE PIAL HAS BEEN IN CONTINUOUS OPERATION FOR 136 YEARS. THE PIAL IS FUNDED SOLELY BY ASSESSMENTS OF ITS MEMBER COMPANIES AND FUNCTIONS IN THREE PRIMARY WAYS: THE COMPANY GRADES MUNICIPAL AREAS IN TERMS OF FIRE PROTECTION (PUBLIC PROTECTION) CAPABILITIES FOR THE PURPOSE OF FAIR INSURANCE RATING OF THE GRADED AREAS; THE PIAL INSPECTS (UPON REQUEST OF ITS MEMBER COMPANIES) ANY COMMERCIAL BUILDING LOCATED IN THE STATE OF LOUISIANA FOR THE PURPOSE OF FAIR PRICING OF INDIVIDUAL RISKS; AND THE PIAL FILES ADVISORY RATES AND FORMS FOR PROPERTY COVERAGES IN THE STATE, SUBJECT TO REVIEW AND APPROVAL OF THE LOUISIANA DEPARTMENT OF INSURANCE. 0 0 PURSUANT TO ITS STATUTORY AUTHORITY UNDER LOUISIANA R.S. 22:1460, THE ASSOCIATION IS DEDICATED TO PROMOTING AND MAINTAINING A HEALTHY AND COMPETITIVE PROPERTY INSURANCE MARKET IN THE STATE OF LOUISIANA FOR THE BENEFIT OF THE INSURING PUBLIC.DURING 2023, PROPERTY INSURANCE ASSOCIATION OF LOUISIANA FILED A TOTAL OF 18 RATE, RULE AND FORM FILINGS; COMPLETED 93 GRADINGS OF FIRE DEPARTMENT CAPABILITIES AND CONDUCTED 52 P-1 GAP MEETINGS WITH FIRE DEPARTMENTS THROUGH ITS GRADING ASSISTANCE PROGRAM TO HELP DEPARTMENTS IMPROVE THEIR GRADES AND PARTICIPATED IN 1 FIRE CHIEF CONFERENCES AND HOSTED THE IRB FIELD REP CONFERENCE; AND, CONDUCTED INSPECTIONS OF 2,473 COMMERCIAL BUILDINGS IN LOUISIANA AND PROVIDED THE RESULTS THEREOF TO MEMBERS, COMPANIES, AND THEIR AGENTS. THE PRICING DIVISION ALSO CONDUCTED 146 COMMERCIAL BUILDING INSPECTIONS IN LA FOR ISO. 0 0 0 1 0 0 0 0 0 1 0 0 1 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 5 0 1 30 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X EDIE KOONCE 5048367980 433 METAIRIE ROAD SUITE 400 METAIRIE LA 70005 THOMAS RUSSO DIRECTOR 0.20 X 0 0 0 WILLIAM PARKER DIRECTOR 0.20 X 0 0 0 MARK FRUCHTNICHT DIRECTOR 0.20 X 0 0 0 WILLIAM GOURGUES DIRECTOR 0.20 X 0 0 0 KARI KING DIRECTOR 0.20 X 0 0 0 DARRYL FRANK DIRECTOR 0.20 X 0 0 0 TOM CLARK VICE CHAIR 0.20 X X 0 0 0 CHARLES ALBERT DIRECTOR 0.20 X 0 0 0 JOE O'CONNOR CHAIR 0.20 X X 0 0 0 MARIO MORALES DIRECTOR 0.20 X 0 0 0 MICHAEL DUTZ DIRECTOR 0.20 X 0 0 0 ROBERT ANDY BLUMBERG DIRECTOR THRU 4/2023 0.20 X 0 0 0 CRYSTAL BUNOL DIRECTOR 0.20 X 0 0 0 TOM HUGHES DIRECTOR 0.20 X 0 0 0 RANA REINHOLTZ DIRECTOR 0.20 X 0 0 0 JOVANA EVANS DIRECTOR 0.20 X 0 0 0 NICK LORUSSO DIRECTOR 0.20 X 0 0 0 DAVID RAU DIRECTOR 0.20 X 0 0 0 A J HERBERT III EXECUTIVE DIRECTOR/SECRETA 40.00 X 256000 0 31551 EDIE KOONCE HR & FINANCE MANAGER 40.00 X 107801 0 6616 BLAINE RABE PUBLIC PROTECTION DIV MANA 40.00 X 130923 0 10134 TODD MADDOX PRICING DIV MANAGER 40.00 X 117170 0 13989 611894 0 62290 4 0 1 0 0 MEMBERSHIP DUES 524298 4160075 4160075 ASSESSMENTS 524298 2034000 2034000 INSPECTIONS 524298 38609 38609 PPC REPORTS 524298 10350 10350 6243034 437071 437071 3700175 42000 3700175 789 0 41211 41211 41211 PENSION RELATED CHANGES-SFAS 158 900099 392437 392437 392437 7113753 6243034 0 870719 X 401968 1769913 177685 457098 153207 69714 23024 1533975 124051 347707 158919 39843 51284 189573 151985 BAD DEBTS 92999 5742945 2248675 2616493 29458 380121 636 3534 161853 185509 2348043 980862 1329968 1367181 8224429 8400499 1803510 3066620 13798529 16019957 40020 43854 1813797 2620768 1853817 2664622 X 11944712 13355335 11944712 13355335 13798529 16019957 1370808 39815 0 X X 0 1 X 0 0 0 1 0 475436 475436 1872607 980862 891745 1367181 PENSION ASSET 1961780 RIGHT-OF-USE ASSET 1104840 3066620 ACCUMULATED POST RETIREMENT BENEFITS 1514519 SHORT-TERM LEASE LIABILITY 70292 LONG-TERM LEASE LIABILITY 1035957 2620768 X 6761131 39815 39815 6721316 392437 392437 7113753 5350508 -392437 -392437 5742945 0 5742945 PART X, LINE 2: THE ORGANIZATION IS A PRIVATE NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: PENSION RELATED CHANGES-SFAS 158 392,437. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES-SFAS 158 -392,437. X X X 0 0 0 A J HERBERT III EXECUTIVE DIRECTOR/SECRETA 240000 0 16000 0 0 0 27593 0 3958 0 287551 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ARE INSURANCE COMPANIES LICENSED TO WRITE FIRE COVERAGES IN LOUISIANA. FORM 990, PART VI, SECTION A, LINE 7A ALL VOTING MEMBERS ARE REPRESENTATIVES OF OTHER ORGANIZATIONS WHICH APPOINT THEM TO THE BOARD - INCLUDING INSURERS, FIRE SERVICE MEMBERS, REGULATORS, AND INSURANCE AGENTS. FORM 990, PART VI, SECTION A, LINE 7B ONLY THE MEMBERS MAY APPROVE AMENDMENTS TO THE CONSTITUTION. ONLY MEMBERS MAY NAME THEIR REPRESENTATIVES TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED WITH THE BOARD OF DIRECTORS AND COPIES ARE MADE AVAILABLE TO THE BOARD. BECAUSE THE BOARD ONLY MEETS QUARTERLY, COPIES MAY NOT BE PROVIDED PRIOR TO THE FILING DUE DATE. THE RETURN IS REVIEWED IN FULL BY THE MANAGER OF FINANCE AND THE EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES REVIEW AND SIGN THE POLICY AT HIRE DATE AND ANNUALLY. BOARD MEMBERS REVIEW AND SIGN THIS WHEN THEY START THEIR BOARD SERVICE, AND ARE REMINDED QUARTERLY AT EACH MEETING - AS THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BOARD BOOK AND REFERENCED AT THE START OF THE MEETING. ANY NOTED CONFLICTS CAN RESULT IN ABSTENTION FROM A VOTE ON ANY MATTER IN WHICH A CONFLICT WOULD EXIST. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD, OR THE EXECUTIVE COMMITTEE THEREOF. ALL COMPENSATION IS REVIEWED ANNUALLY UTILIZING DATA PROVIDED BY WILLS TOWERS WATSON, AN INDEPENDENT ACTUARY AND BENEFITS CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 19 TO THE EXTENT REQUIRED BY LAW, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. DOCUMENTS ARE PROVIDED TO THE LA DEPARTMENT OF INSURANCE IN CONJUNCTION WITH EXAMINATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 14,241. ISO ASSESSMENTS 1,487,933. RETIREMENT PLAN ADMIN FEES 31,801. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR.