THE MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION ("MPCGA") IS AN UNINCORPORATED ASSOCIATION OF ALL PROPERTY AND CASUALTY INSURERS AUTHORIZED TO TRANSACT INSURANCE IN MICHIGAN. MPCGA WAS CREATED BY AN ACT OF THE MICHIGAN LEGISLATURE, MCL 500.7901 ET SEQ., IN ORDER TO PROTECT THE PUBLIC AGAINST FINANCIAL LOSSES TO POLICYHOLDERS AND CLAIMANTS AS A RESULT OF PROPERTY AND CASUALTY INSURANCE COMPANY INSOLVENCIES. WHEN A MEMBER INSURER BECOMES INSOLVENT, MPCGA HAS A DUTY TO PAY CERTAIN OBLIGATIONS OF THE INSOLVENT INSURER THAT COME WITHIN THE ACT'S DEFINITION OF COVERED CLAIMS. MPCGA DOES NOT HANDLE CLAIMS ARISING OUT OF LIFE OR DISABILITY INSURANCE OR ANNUITY CONTRACTS.
Executive compensation, broken down
Form 990 · Schedule J · 5 reported individuals · Filing year 2024
- Base
- $231k
- Bonus
- —
- Other
- —
- Benefits
- $30k
- Base
- $185k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $141k
- Bonus
- —
- Other
- —
- Benefits
- $26k
- Base
- $124k
- Bonus
- —
- Other
- —
- Benefits
- $26k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director | $231k | — | — | $30k | $272k $287k |
Director of Finance and Admin. | $185k | — | — | $24k | $219k $231k |
Claims Manager highest compensated employee | $141k | — | — | $26k | $175k $184k |
Accounting Manager highest compensated employee | $124k | — | — | $26k | $156k $165k |
Senior Claims Adjuster highest compensated employee | — | — | — | — | $130k $138k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Up 4%
from 2023
From $262k in 2023 to $272k in 2024.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.
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