Program areas at Fiat Lux Risk and Insurance Company
The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the University of California's certain bespoke insurance policies. IN FURTHERANCE OF THIS PURPOSE, THE ORGANIZATION PROVIDES: (A) IMPROVED RISK MANAGEMENT PRICING PREDICTABILITY AND COST STABILITY; (B) ENHANCED RISK MANAGEMENT, AND PROTECTION AND COVERAGE OF LESS TRADITIONAL RISKS AND ESOTERIC RISKS; (C) A FOUNDATION FOR DEVELOPMENT AND IMPLEMENTATION WITHIN THE REGENTS OF MORE FORMALIZED RISK FINANCING POLICIES AND PROCEDURES; AND (D) INSURANCE COVERAGE FOR EXTERNAL THIRD PARTIES, INCLUDING BUT NOT LIMITED TO, AGENTS, AFFILIATES, ASSOCIATIONS, JOINT VENTURES, AND PARTNERSHIPS OF OR IN WHICH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PARTICIPATES OR OWNS AN INTEREST PROVIDED THAT SUCH THIRD PARTY COVERAGE IS NO MORE THAN AN INSUBSTANTIAL PORTION OF THE ORGANIZATION'S OVERALL ACTIVITIES. To date and in total the organization provides over 40 different coverages and risk financing arrangements to the University of California.
Personnel at Fiat Lux Risk and Insurance Company
Name | Title | Compensation | Date of data |
---|
Nathan Brostrom | Director and Chair and Chief Financial Officer | $0 | 2022-06-30 |
Kevin Confetti | President | $0 | 2023-05-15 |
Charles F Robinson | Director and Secretary | $0 | 2022-06-30 |
Norman L Hamill | Director and Assistant Secretary | $0 | 2022-06-30 |
Chris C Harrington | Assistant Secretary | $0 | 2022-06-30 |
...and 2 more key personnel |
Financials for Fiat Lux Risk and Insurance Company
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $400,000,000 | $0 | 999% |
Program services | $477,279,017 | $432,480,950 | 10.4% |
Investment income and dividends | $15,327,800 | $11,266,931 | 36% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $25,086,058 | $-762 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $917,692,875 | $443,747,119 | 106.8% |
Organizations like Fiat Lux Risk and Insurance Company
Organization | Type | Location | Revenue |
---|
Lokahi Assurance | 501(c)(3) | Oakland, CA | $460,349,929 |
North Carolina Insurance Underwriting Association (NCIUA) | 501(c)(6) | Raleigh, NC | $357,797,739 |
Ascension Health Alliance Professional & General Liability Self-Insurance T rust | 501(c)(3) | St Louis, MO | $273,124,714 |
Workers' Compensation Reinsurance Association | 501(c)(27) | Saint Paul, MN | $379,015,449 |
Michigan Catastrophic Claims Association (MCCA) | 501(c)(6) | Livonia, MI | $1,744,028,645 |
Texas Mutual Insurance Company | 501(c)(27) | Austin, TX | $1,373,422,301 |
Chesapeake Employers Insurance Company | 501(c)(27) | Towson, MD | $337,070,745 |
SEIU Healthcare NW Health Benefits Trust | 501(c)(9) | Seattle, WA | $313,981,321 |
Johns Hopkins Medical Services Corporation | 501(c)(3) | Baltimore, MD | $460,992,494 |
CareSource Indiana | 501(c)(3) | Dayton, OH | $990,208,142 |
Data update history
July 3, 2023
Updated personnel
Identified 1 new personnel
May 25, 2023
Updated personnel
Identified 2 new personnel
May 13, 2023
Used new vendors
Identified 3 new vendors, including , , and
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 2, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
Tax deductible donationsNo full-time employees
General information
- Address
- 1608 Rhode Island Ave NW
- Washington, DC 20036
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- County
- District of Columbia, DC
- Phone
- (510) 987-9820
IRS details
- EIN
- 46-1828839
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2012
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- Y20: Insurance Providers, Services
- NAICS code, primary
- 524126: Direct Property and Casualty Insurance Carriers
- Parent/child status
- Subordinate organization
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