2024-05-13T13:08:02-07:00 2023-12-31 990 2023-01-01 043107028 INSURANCE FRAUD BUREAU OF MASSACHUSETTS INSU 6174390439 101 Arch Street Boston MA 021101103 Anthony DiPaolo Executive Director 6174390404 2024-05-15 Anthony DiPaolo 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Anthony M DiPaolo 10 Fitzgerald Way Beverly MA 01915 10988584 0 X www.ifb.org X 1991 MA The organization is an entity authorized by Massachusetts General Laws to prevent, detect and investigate insurance fraud. The Bureau works with law enforcement and public prosecutors on matters involving potential crime violation of insurance fraud laws. 15 15 48 0 0 0 0 0 10813674 10623736 180976 364848 0 0 10994650 10988584 604050 540358 0 0 6694663 6942881 0 0 0 3097299 3148909 10396012 10632148 598638 356436 8481147 8996792 4566255 4725464 3914892 4271328 The organization is an entity authorized by Massachusetts General Laws to prevent, detect and investigate insurance fraud. The Bureau works with law enforcement and public prosecutors on matters involving potential crime violation of insurance fraud laws. 0 0 The Bureau received and evaluated 4,023 suspected insurance fraud referrals from the insurance industry, members of the public and other sources, of which 1,503 were accepted for further investigation, resulting in 1,207 new investigative cases. After initial investigation, 636 cases were closed without criminal prosecution due to insufficient evidence of a crime. The Bureau referred 156 cases to federal, state, and local prosecutors during the year, and supported those prosecutors in the location of witnesses, witness interviews, delivery of subpoenas and additional investigation. 112 individuals were initially charged with insurance fraud and other crimes during 2023, and court cases involving 169 individuals reached a final disposition. 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 3 0 1 48 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Anthony M DiPaolo 6174390439 101 Arch Street Boston MA 02110 Anthony DiPaolo Executive Director 36.25 0.00 X 292528 0 109956 Laura Kessler V.P., General Counsel 36.25 0.00 X 263716 0 72732 M Katherine Mulligan V.P., Chief of Investigations 36.25 0.00 X 208337 0 46193 Cynthia Ventresca Deputy Chief of Investigations 36.25 0.00 X 144875 0 44464 Patrick Moore Investigative Manager 36.25 0.00 X 132730 0 38681 Stephen Adams Deputy General Counsel 36.25 0.00 X 135357 0 13547 Marilyn Barrett Investigative Manager 36.25 0.00 X 118192 0 29240 Jeffrey Ambrose Investigative Manager 36.25 0 X 118537 0 22833 Secretary of Labor Board of Governors Member 0.00 0.00 X 0 0 0 Secretary of Public Safety Board of Governors Member 0.00 0.00 X 0 0 0 Comm of the Dept of Industrial Accidents Board of Governors Member 0.00 0.00 X 0 0 0 Commissioner of Insurance Board of Governors Member 0.00 0.00 X 0 0 0 Registrar of Motor Vehicles Board of Governors Member 0.00 0.00 X 0 0 0 Arbella Insurance Group Board of Governors Member 0.00 0.00 X 0 0 0 Hanover Insurance Group Board of Governors Member 0.00 0.00 X 0 0 0 MAPFRE USA Corp Board of Governors Member 0.00 0.00 X 0 0 0 Farmers Insurance Group Board of Governors Member 0.00 0.00 X 0 0 0 Vermont Mutual Insurance Group Board of Governors Member 0.00 0.00 X 0 0 0 AIM Mutual Insurance Company Board of Governors Member 0.00 0.00 X 0 0 0 AFL CIO Board of Governors Member 0.00 0.00 X 0 0 0 Thomas J Woods Insurance Agency Board of Governors Member 0.00 0.00 X 0 0 0 Liberty Mutual Insurance Company Board of Governors Member 0.00 0.00 X 0 0 0 The Travelers Companies Inc Board of Governors Member 0.00 0.00 X 0 0 0 1414272 0 377646 20 0 1 0 0 0 Statutory Assessments 524298 10123736 10123736 0 0 Fraud Initiative Grant 524298 500000 500000 0 0 0 0 0 0 10623736 364848 364848 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10988584 10988584 0 0 540358 0 0 0 743711 0 3773794 1380066 709593 335717 0 0 42540 0 0 0 26450 0 112582 59937 0 783442 438386 0 0 0 0 0 104423 AIB Management Fee 1478000 Investigative Expenses 59411 Equipment Rental 19351 Maintenance Contracts 13735 10652 10632148 0 0 0 1527934 1919594 194306 251878 152188 236834 3954213 4220312 2652506 2368174 8481147 8996792 1293747 1756821 3272508 2968643 4566255 4725464 X -233627 -200862 4148519 4472190 3914892 4271328 8481147 8996792 X 356436 0 0 0 0 0 X X 0 1 X 1 0 0 0 0 10123736 0 0 0 0 0 0 Right-of-Use Assets-Operating 2368174 2368174 0 Post-retirement Benefits 399605 Operating Lease Liabilities 2569038 2968643 10988584 0 0 0 0 0 10988584 0 0 0 10988584 10632148 0 0 0 0 0 10632148 0 0 0 10632148 1 Berkshire County DA 7 North Street Pittsfield MA 01202 046002284 25000 Regulatory funding Bristol County DA 888 Purchase Street New Bedford MA 02741 046002284 52500 Regulatory funding Essex County DA 10 Federal Street Salem MA 01970 046002284 80000 Regulatory funding Hampden County DA 50 State Street Springfield MA 01103 046002284 55000 Regulatory funding Middlesex County DA 15 Commonwealth Avenue Woburn MA 01801 046002284 50000 Regulatory funding Norfolk County DA 45 Shawmut Road Canton MA 02021 046002284 45000 Regulatory funding Northwestern County DA One Gleason Plaza Northampton MA 01060 046002284 30000 Regulatory funding Plymouth County DA 32 Belmont Street Brockton MA 02301 046002284 50000 Regulatory funding Suffolk County DA 1 Bullfinch Place Boston MA 02114 046002284 92500 Regulatory funding Worcester County DA 2 Main Street Worcester MA 01608 046002284 50000 Regulatory funding 10 0 Schedule I, Part I, Line 2 Funding to ten District Attorney offices to support insurance fraud investigations is provided at the direction of the Massachusetts Commissioner of Insurance. Reporting of fraud prosecution results by the District Attorneys to the IFB and the Massachusetts Commissioner of Insurance is on-going. 0 0 0 Anthony DiPaolo Executive Director 283964 0 0 0 13122 0 109956 0 4557 0 411599 0 0 0 Laura Kessler V.P., General Counsel 251650 0 0 0 14893 0 72732 0 2827 0 342102 0 0 0 M Katherine Mulligan V.P., Chief of Investigations 197996 0 0 0 12910 0 46193 0 2569 0 259668 0 0 0 Cynthia Ventresca Deputy Chief of Investigations 142031 0 0 0 6672 0 44464 0 3827 0 196994 0 0 0 Stephen Adams Deputy General Counsel 136801 0 0 0 8614 0 13547 0 10057 0 169019 0 0 0 Patrick Moore Investigative Manager 137316 0 0 0 369 0 38681 0 4954 0 181320 0 0 0 Jeffrey Ambrose Investigative Manager 122507 0 0 0 4288 0 22833 0 8257 0 157885 0 0 0 Marilyn Barrett Investigative Manager 121781 0 0 0 2639 0 29240 0 6228 0 159888 0 0 0 Schedule J, Part I, Line 3 The Board of Governors reviews and approves any changes to the compensation of the Executive Director. Automobile Insurers Bureau of MA Common management 5061868 Annual funding required 0 Form 990, Part VI, Section A, Line 7a The Governing Committees of the Automobile Insurers Bureau of Massachusetts and the Workers Compensation Rating and Inspection Bureau of Massachusetts have the authority to each appoint five members of the Insurance Fraud Bureau's Board of Governors. The remaining five Board of Governors seats are filled by public officials as required by statute. Form 990, Part VI, Section B, Line 11b The Form 990 was prepared by the Accounting Manager and reviewed in detail by the Executive Director. Form 990, Part VI, Section B, Line 12c Each officer, employee and Board of Governors representative annually reviews the conflict-of-interest policy, agrees to comply with its terms and disclose any personal or financial interest in IFB transactions and the actions taken to manage any conflict of interest or appearance of impropriety. The IFB will annually review the adequacy of this policy and consistently enforce compliance with its requirements. The IFB will maintain records of the individuals who have a financial interest in IFB transactions, and the actions taken to manage any conflict of interest or appearance of impropriety. Form 990, Part VI, Section B, Line 15 The Board of Governors reviews and approves any changes to the compensation of the Executive Director. Form 990, Part VI, Section C, Line 19 The IFB makes all of it's Board of Governors records, conflict of interest policy and financial statements available to AIB and WCRIB. No documents are available to the general public. Form 990, Part XI, Line 9 The amount reflects the current year excess of income over expenses in a separate fund restricted for specific purposes by the IFB Board of Governors. Form 990, Part XII, Line 2c An audit committee appointed by the Board of Governors has responsibility for oversight of the conduct and reporting of the results of the annual financial audit. Automobile Insurers Bureau of MA 101 Arch Street Boston MA 02110 041589700 Auto Insurance Trade Association MA 501(c)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Automobile Insurers Bureau of MA n 697815 Allocated amount of occupancy costs Automobile Insurers Bureau of MA o 1116314 Allocated amount of management fee. Automobile Insurers Bureau of MA p 361686 Allocated amount of management fee.