Cause IQ organization profile

Louisiana Insurance Guaranty Association

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Louisiana Insurance Guaranty Association is a insurance company based in Baton Rouge, LA that was founded in 1971. As of 2019 they had $18 million in revenue and $148 million in assets.

Liga is an organization created by the insurance guaranty act (la. R.s. 1375-1394) to pay for the claims of insolvent member insurance companies. Funds are provided for the payment of the claims by the assessment of the remaining member insurance comp...

EIN:
72-0889235
City:
State:
Website:
Founded:
1971
Type:
501(c)(6)
NTEE:
Revenue:
$18,965,221
Assets:
$148,286,729
Employees:
12
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Louisiana Insurance Guaranty Association

Liga serves as a safety net for Louisiana insurance policyholders. In 2017 liga paid approximately $12.45 million to policyholders and third party claimants.

Form 990s for Louisiana Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2018-12Jan 21, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Nov 16, 2017990OView PDF
2015-12Apr 3, 2017990OView PDF
2014-12Oct 14, 2015990OView PDF
...and five more Form 990 PDFs

Financials for Louisiana Insurance Guaranty Association

Field2018
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$2,329,516
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,157,291
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$18,792,996
Total revenues$18,965,221

Vendors for Louisiana Insurance Guaranty Association

VendorServicesAmount paidDate
Microsoft ServicesSoftware2020-03-17
█████████Content management system software2020-03-05
█████████████ ███ ███████████Tax accounting2018-12-19
█████ ███ █████Legal Services$165,3182017-12-01
███████████ ███ ███████Legal Services$229,3382017-12-01
█████████ ████████ ████████Pharmacy Benefit Manager$403,0412017-12-01
██████ █████████ ████ ███████ ███ ███Legal Services$1,000,1012017-12-01
███████ ██████ ███████ ███Legal Services$354,1982017-12-01

Personnel at Louisiana Insurance Guaranty Association

NameTitleCompensationMost recent data
John WellsPrincipal Officer / Director$134,312Dec. 19, 2018
Gerry CoryellClaims Manager$112,498Dec. 31, 2017
███ ███████ ██ ████████Treasurer$0July 22, 2020
███ ███████ ██ ████Chairman$0July 22, 2020
█████ █ ███████Secretary$0Dec. 31, 2017
████ ███████Director$111,059Dec. 31, 2015

Peer insurance providers

 NameTypeRevenueLocation
1Michigan Automobile Insurance Placement Facility (MAIPF)501(c)(6)$41 millionJohnston, RI
2North Carolina Ins Guaranty Association501(c)(6)$11 millionRaleigh, NC
3Kentucky Assigned Claims Plan501(c)(6)$5.0 millionLouisville, KY
4Insurance Security Fund501(c)(6)$12 millionMadison, WI
5Pennsylvania Property and Casualty Insurance Guaranty Association (PPCIGA)501(c)(6)$17 millionPhiladelphia, PA
6Workers' Compensation Security Fund (WCSF)501(c)(6)$51 millionBasking Ridge, NJ
7North Carolina Joint Underwriting Association (NCJUA)501(c)(6)$75 millionCary, NC
8Trusted Choice (TC)501(c)(6)$4.9 millionAlexandria, VA
9Virginia Property Insurance Association501(c)(6)$17 millionGlen Allen, VA
10Kansas All Industry Placement Facility501(c)(6)$8.6 millionTopeka, KS
11Texas Property and Casualty Insurance Guaranty Association (TPCIGA)501(c)(6)$28 millionAustin, TX
12Nevada Insurance Guaranty Association (NIGA)501(c)(6)$7.5 millionLas Vegas, NV
13Minnesota Insurance Guaranty Association501(c)(6)$16 millionEdina, MN
14Property and Casualty Insurance Guaranty Corporation (PCIGC)501(c)(6)$9.5 millionTowson, MD
15Illinois Insurance Guaranty Fund501(c)(6)$29 millionChicago, IL
16Missouri Life and Health Insurance Guaranty Association501(c)(6)$11 millionJefferson Cty, MO
17Hawaii Life and Disability Insurance Guaranty Association501(c)(6)$7.8 millionHonolulu, HI
18Pennsylvania Professional Liability Joint Underwriting Association (PPLJUA)501(c)(6)$12 millionBlue Bell, PA
19Kentucky Insurance Guaranty Association (KLHIGA)501(c)(6)$14 millionLouisville, KY
20Florida Insurance Guaranty Association (FIGA)501(c)(6)$36 millionTallahassee, FL
21Oklahoma Property and Casualty Insurance Guaranty Association501(c)(6)$5.1 millionOklahoma City, OK
22Self-Insurers Security Fund501(c)(6)$64 millionOakland, CA
23Illinois Life & Health Insurance Guaranty Association (ILHIGA)501(c)(6)$32 millionLisle, IL
24Insurance Board501(c)(3)$46 millionCleveland, OH
25HealthyCT501(c)(29)$5.0 millionWallingford, CT