IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE IN THE BEACH AND COASTAL AREAS OF NORTH CAROLINA FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.
Executive compensation
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Chief Operating Officer 10th to 25th percentile | $51k $54k |
Chief Claims Officer Key Employee 25th percentile to median | $50k $53k |
Chief Information Officer 10th to 25th percentile | $48k $51k |
Chief Executive Officer 25th percentile to median | $46k $49k |
Claims Manager Highest Compensated Employee Below 10th percentile | $43k $46k |
Director of IT Chief Information Officer Below 10th percentile | $40k $42k |
Chief Financial Officer 25th percentile to median | $39k $41k |
Director of Underwriting Highest Compensated Employee Below 10th percentile | $38k $41k |
Chief Human Resources Officer Key Employee 10th to 25th percentile | $32k $34k |
Director of Claims Highest Compensated Employee Below 10th percentile | $26k $27k |
Claims Manager Highest Compensated Employee Below 10th percentile | $12k $13k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 16 unpaid individuals.
Down 1%
from 2023
From $51k in 2023 to $51k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Operating Officer pay fell 1% from 2023 to 2024, while revenue rose 28%.
- Key Employee pay rose 2% from 2023 to 2024.
- Chief Information Officer pay rose 2% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION reported revenue and expenses across 2 filing years.
Common questions about NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION
What does the Chief Operating Officer of NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION earn?
In 2024, the Chief Operating Officer of NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION received $50,785 in total compensation. This pay is in the bottom quarter for Chief Operating Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Operating Officer pay at NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Operating Officer at NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION falls between the 10th and 25th percentiles.
What are NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION's revenue and expenses?
In 2024, NORTH CAROLINA INSURANCE UNDERWRITING ASSOCIATION reported $570.8M in total revenue and $316.8M in total expenses on its IRS Form 990.
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