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NORTH CAROLINA RATE BUREAU

EIN: 56-1179542Raleigh, NCZIP: 27612
501(c)(6)

Mission

THE BUREAU WAS ESTABLISHED UNDER ARTICLE 36, CHAPTER 58, NC GENERAL STATUTES. THE PURPOSE OF THE NORTH CAROLINA RATE BUREAU IS TO ADMINISTER PROPERTY AND CASUALTY RATES FOR THE INSURANCE INDUSTRY IN NORTH CAROLINA. THE BUREAU MAINTAINS RULES AND REGULATIONS AND ESTABLISHES PREMIUM RATES FOR MOTOR VEHICLE, WORKERS' COMPENSATION AND PROPERTY INSURANCE. THE BUREAU ALSO ENSURES THE AVAILABILITY OF WORKERS' COMPENSATION INSURANCE TO ANY ELIGIBLE RISK IN NORTH CAROLINA BY ASSIGNING THE RISKS TO MEMBERS ON AN EQUITABLE BASIS.ALL EXPENSES ARE RELATED TO THOSE FUNCTIONS. THE NC RATE BUREAU RECEIVES NO GRANTS AND ALL EXPENSES ARE BORNE BY ITS MEMBER INSURANCE COMPANIES IN PROPORTION TO WRITTEN PREMIUMS.

Financials

YearRevenueExpensesAssets
2024$20.7M$0$4.5M
2023$19.1M$0$3.3M

Compensation

2024

JOANNA BILIOURIS
General Manager
officer (unspecified)
$323,034
$25,000
$0
$384,443
EDITH DAVIS
Chief Financial Officer
chief financial officer
$232,206
$40,451
$0
$374,257
VICKI GODBOLD
Chief Administrative Officer
highest compensated employee
$229,155
$31,240
$0
$353,843
SHELLEY CHANDLER
Chief Information Officer
chief information officer
$224,546
$26,411
$0
$301,986
FRANK LONNETT
Director, IT Services & Data
chief information officer
$185,521
$17,277
$0
$269,811
JARRED CHAPPELL
Chief Operating Officer
chief operating officer
$186,620
$25,263
$0
$261,811
ANDY MONTANO
Director, Personal Lines
highest compensated employee
$173,839
$14,167
$0
$226,953
LAURA LEE LONGEST
Director, Software Development
chief development officer
$181,834
$16,393
$0
$226,086
PROGRESSIVE CASUALTY INSURANCE COMPAN
Governing Committee
institutional trustee
$0
$0
$0
$0
HARTFORD FIRE INSURANCE COMPANY
Governing Committee (incoming 2024)
institutional trustee
$0
$0
$0
$0
NATIONWIDE MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
STATE FARM MUTUAL INSURANCE COMPANY
Vice Chair
board vice chair
$0
$0
$0
$0
ALLSTATE INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
KEMPER INDEPENDENCE INSURANCE COMPANY
Governing Committee (outgoing 2024)
institutional trustee
$0
$0
$0
$0
THE TRAVELERS INDEMNITY COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
BUILDERS MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
THE MEMBERS INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
UNITED SERVICES AUTOMOBILE ASSOCIATIO
Chair
board chair
$0
$0
$0
$0
NC FARM BUREAU MUTUAL INSURANCE COMPA
Governing Committee (incoming 2024)
institutional trustee
$0
$0
$0
$0
ERIE INSURANCE EXCHANGE
Governing Committee (outgoing 2024)
institutional trustee
$0
$0
$0
$0
ACCIDENT FUND INSURANCE COMPANY
Governing Committee (incoming 2024)
institutional trustee
$0
$0
$0
$0
LIBERTY MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
AMERICAN HOME ASSURANCE COMPANY
Governing Committee (outgoing 2024)
institutional trustee
$0
$0
$0
$0

2023

JOANNA BILIOURIS
General Manager
officer (unspecified)
$308,312
$20,000
$0
$366,346
EDITH DAVIS
Chief Financial Officer
chief financial officer
$230,508
$27,922
$0
$357,744
VICKI GODBOLD
Chief Administrative Officer
highest compensated employee
$219,428
$23,522
$0
$330,526
SHELLEY CHANDLER
Chief Information Officer
chief information officer
$213,211
$24,892
$0
$289,999
FRANK LONNETT
Director, IT Services & Data
chief information officer
$184,524
$8,579
$0
$257,897
JARRED CHAPPELL
Chief Operating Officer
chief operating officer
$175,811
$22,293
$0
$245,420
ANDY MONTANO
Director, Personal Lines
highest compensated employee
$171,542
$7,563
$0
$217,971
LAURA LEE LONGEST
Director, Software Development
chief development officer
$180,028
$7,220
$0
$214,801
THE TRAVELERS INDEMNITY COMPANY
Governing Committee (Incoming 2023)
institutional trustee
$0
$0
$0
$0
NATIONWIDE MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
ALLSTATE INSURANCE COMPANY
Chair
board chair
$0
$0
$0
$0
KEMPER INDEPENDENCE INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
AMERICAN HOME ASSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
ERIE INSURANCE EXCHANGE
Governing Committee
institutional trustee
$0
$0
$0
$0
PROGRESSIVE CASUALTY INSURANCE COMPAN
Governing Committee
institutional trustee
$0
$0
$0
$0
NC FARM BUREAU MUTUAL INSURANCE COMPA
Chair (Outgoing 2023)
board chair
$0
$0
$0
$0
BUILDERS MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
UNITED SERVICES AUTOMOBILE ASSOCIATIO
Governing Committee
institutional trustee
$0
$0
$0
$0
LIBERTY MUTUAL INSURANCE COMPANY
Governing Committee (Incoming 2023)
institutional trustee
$0
$0
$0
$0
HARTFORD FIRE INSURANCE COMPANY
Governing Committee (Outgoing 2023)
institutional trustee
$0
$0
$0
$0
STATE FARM MUTUAL INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0
THE MEMBERS INSURANCE COMPANY
Governing Committee
institutional trustee
$0
$0
$0
$0

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Learn more

Data from IRS Form 990 filings (2023-2024).