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research dossier

NEW YORK COMPENSATION INSURANCE RATING BOARD

NEW YORK, NY · EIN 130594020 · Form 990 · FY2024 · Large ($10M-$50M) · nycirb.org

revenue

$25.4M

expenses

$24.2M

net assets

$12.5M

employees

mission · from form 990

THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF PRICING VALUES AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES.

profile · synthesized from sources

The New York Compensation Insurance Rating Board is a non-profit, unincorporated association of insurance carriers licensed by the New York State Department of Financial Services. It collects and compiles statistical data to develop pricing values, classifications, rating plans, and forms of coverage for workers' compensation insurance, subject to state approval. The organization operates as a rate-service body supporting the administration of workers' compensation in New York.

named programs · 1 · from sources

What they call their work

Digital Library

Database-driven web application providing access to Workers' Compensation Manuals, Plans, and References with enhanced search, revision history, and updated paragraph-based referencing system

activities · 2 groups

What they do

Insurance Industry Trade Association 2 activities
- Collects and compiles statistical data for workers' compensation insurance pricing and policy
  
  Collects and compiles statistical data to develop workers' compensation insurance pricing values, classifications, rating plans, and coverage forms, which are subject to state approval.
- Operates as a non-partisan, non-profit association of insurance carriers
  
  Functions as a non-partisan, non-profit, unincorporated association composed of insurance carriers in New York, facilitating collaboration and standardization in workers' compensation insurance practices.
Uncategorized 1 activity
- Maintains and provides access to digital Workers' Compensation Manuals and References
  
  Provides a database-driven digital library of Workers' Compensation Manuals, Plans, and References, including all prior PDF versions with enhanced presentation and complete revision history for each rule paragraph dating back to original publication.

financials · form 990 · fy2024

revenue

Total revenue$25.44M

Contributions & grants$00%

Program service revenue$24.85M98%

Investment income$584K2%

Other revenue$2K

expenses

Total expenses$24.17M

Program expenses—

Admin / overhead—

Fundraising—

Salaries & benefits$15.00M

Grants paid out$0

Largest expense lineCompensation

balance sheet

Total assets$53.30M

Cash$6.24M

Investments$11.37M

Liabilities$40.77M

Net assets$12.53M

Liquid reserves8.8 mo

5 years on record · 2020–2024 · YoY revenue +8.2%

leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 12

Name	Title	Hours/wk	Compensation
JEREMY ATTIE	PRESIDENT/CEO	40	$693K
ZIV KIMMEL	SR. VICE PRESIDENT	40	$498K
BENJAMIN T WITKOWSKI	DIRECTOR OF ACTUARIAL ANALYTICS	40	$390K
GUO HARRISON	DIRECTOR OF ACTUARIAL PRODUCTION	40	$370K
DAVE KNIGHT	VICE PRESIDENT OF OPERATIONS	40	$327K
MITCHELL TENZER	VICE PRESIDENT OF IT	40	$317K
MARK BATTISTELLI	VICE PRESIDENT OF UNDERWRITING	40	$291K
VINCENT LICAUSE	VICE PRESIDENT OF FINANCE & ADMIN.	40	$260K
GAETANO DALESSIO	DEVELOPER MANAGER/SOLUTION	40	$244K
CHENJUN MOHIN	ACTUARIAL MANAGER	40	$233K
SUSIE PATRICIELLO	VICE PRESIDENT OF HR	40	$217K
NASIM SHAMAILOV	MGR. N/W & DESKTOP INFRASTRUCTURE	40	$217K

board members · 9

AMERICAN HOME ASSURANCE COMPANY — INSTITUTIONAL TRUSTEE
HARTFORD ACCIDENT & INDEMNITY CO — INSTITUTIONAL TRUSTEE
NYS AFL-CIO — INSTITUTIONAL TRUSTEE
NYS BUSINESS COUNCIL — INSTITUTIONAL TRUSTEE
NYS DEPT OF FINANACIAL SERVICES — INSTITUTIONAL TRUSTEE
NYS WORKERS' COMPENSATION BOARD — INSTITUTIONAL TRUSTEE
TECHNOLOGY INSURANCE CO INC — INSTITUTIONAL TRUSTEE
THE NY STATE INSURANCE FUND — INSTITUTIONAL TRUSTEE
TRAVELERS INDEMNITY CO — INSTITUTIONAL TRUSTEE

relationships · 3

Who they work with

NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES Government — Licensing and regulatory authority overseeing the Board's rate-setting activities.
NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES Government — Approves the Board's pricing values, classifications, rating plans, and forms of coverage.
State Insurance Fund Partner — Member of the New York Compensation Insurance Rating Board and collaborates in setting workers' compensation insurance standards.

strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

Centralized Data Standardization for Regulatory Consistency

methodology: data_standardization_for_rate_setting
By centralizing data collection and analysis, the organization ensures consistent and compliant workers' compensation insurance rate-setting across New York State because standardized inputs reduce variability and support equitable classification.