2024-09-26T08:52:20-05:00 2023-12-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990EZ 2023-01-01 135612626 INSURANCE FEDERATION OF NEW YORK INC INSU 9149663180 PO BOX 9001 MOUNT VERNON NY 10552 STEPHEN H ACUNTO VP MANAGING DIRECTOR 9149663180 2024-09-24 1 0 DEVIN L DUNCAN P01249521 2127589700 2024-09-18 2023 2024-08-08 14:25:15Z X X WWW.IFNY.ORG X X 130000 X 63495 66500 5 130000 50466 11136 4562 79475 145639 -15639 85562 0 69923 X 98472 96872 40875 25076 139347 121948 53785 52025 85562 69923 X IMPROVING BUSINESS CONDITIONS FOR NY INSURANCE INDUSTRY. MEMBER AND GUEST NETWORKING OPPORTUNITIES, INCLUDING ANNUAL AWARD LUNCHEON AND EMERGING LEADER EVENTS - SEE SCH O 0 0 MEMBER AND GUEST EDUCATIONAL OPPORTUNITIES, INCLUDING AI-RELATED AND THE FUTURE OF INSURANCE EVENTS - SEE SCH O 0 0 X KERMITT BROOKS DIRECTOR 1.00 0 0 0 DENISE CAMPBELL DIRECTOR 1.00 0 0 0 MAURA T CLANCY DIRECTOR 1.00 0 0 0 JAMES P CORCORAN DIRECTOR 1.00 0 0 0 REGINA DEGNAN-STEINBORN DIRECTOR 1.00 0 0 0 ERIC R DINALLO DIRECTOR 1.00 0 0 0 FREDERIC GARSSON DIRECTOR 1.00 0 0 0 DOUGLAS J HAYDEN ESQ DIRECTOR 1.00 0 0 0 DANIEL MAHER DIRECTOR 1.00 0 0 0 ROGER M MOAK ESQ DIRECTOR 1.00 0 0 0 KEVIN M RAMPE DIRECTOR 1.00 0 0 0 WILLIAM M SAVINO ESQ DIRECTOR 1.00 0 0 0 X 0 0 0 0 0 0 0 0 NY CINN GLOBAL INITIATIVES INC 1030 LAKE AVENUE GREENWICH CT 06831 9149663180 0 0 0 0 0 0 0 0 FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INTEREST INCOME. AMOUNT: 5. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: MEMBER AND GUEST EVENTS. AMOUNT: 72,298. DESCRIPTION: CREDIT CARD FEES. AMOUNT: 5,326. DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 1,361. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 490. TOTAL TO FORM 990-EZ, LINE 16: 79,475. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 12,425. END OF YEAR AMOUNT: 15,026. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 28,450. END OF YEAR AMOUNT: 10,050. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: PREPAID INCOME. BEG. OF YEAR AMOUNT: 50,775. END OF YEAR AMOUNT: 49,600. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,010. END OF YEAR AMOUNT: 2,425. FORM 990-EZ, PART III, LINE 28 MEMBER AND GUEST NETWORKING OPPORTUNITIES, INCLUDING ANNUAL AWARD LUNCHEON AND EMERGING LEADER EVENTS IFNY ANNUAL AWARD LUNCHEON IFNY'S ANNUAL LUNCHEON IS ONE OF OUR INDUSTRY'S MOST HIGHLY ANTICIPATED EVENTS. THE REASON FOR ITS POPULARITY LIES IN THE PERSONAL OPPORTUNITY IT OFFERS EACH OF OUR MEMBERS AND GUESTS, INDUSTRY LEADERS, COMPANY EXECUTIVES, BROKERS, AGENTS, ATTORNEYS, CONSULTANTS, AND OTHER INDUSTRY PROFESSIONALS TO CATCH UP WITH OLD FRIENDS, EXCHANGE NEWS AND IDEAS, MAKE NEW CONTACTS AND JOIN IN RECOGNIZING OUR HONOREES. -DATE: NOVEMBER 16, 2023 -AWARDEE: THE FREE ENTERPRISE AWARDEE - ALAN D. SCHNITZER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER, TRAVELERS -AWARDEE: THE MARY LANNING PUBLIC SERVICE AWARDEE - QBE FOUNDATION -SPEAKER: HON. ADRIENNE A. HARRIS, SUPERINTENDENT OF THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES -ATTENDEES: 250 IFNY EMERGING LEADER EVENTS: HACKING CYBER RISK EMERGING ISSUES & TRENDS -DATE: MARCH 1, 2023 -DESCRIPTION: JOIN OUR DISTINGUISHED PANEL AS WE DISSECT THE CYBER MARKET, DISCUSS EMERGING TRENDS AND FORECAST THEIR IMPACT ON THIS EVOLVING SPECIALTY LINE OF BUSINESS. -SPEAKERS: SHIRAZ SAEED, ARCH INSURANCE GROUP INC., UNDERWRITING; GRADY MARTIN, LOCTON COMPANIES, BROKERAGE; LAURIE A. KAMAIKO, SAUL EWING LLP, COVERAGE; NICK SECARA, FOLEY & LARDNER LLP, MODERATOR -ATTENDEES: 37 FORM 990-EZ, PART III, LINE 29 MEMBER AND GUEST EDUCATIONAL OPPORTUNITIES, INCLUDING AI-RELATED AND THE FUTURE OF INSURANCE EVENTS THE FUTURE OF INSURANCE EVENT -DATE: JANUARY 31, 2023 -DESCRIPTION: MARKET-ALTERING INFLUENCES ARE HAVING A PROFOUND IMPACT ON THE INSURANCE INDUSTRY. TO MEET THESE PERFORMANCE CHALLENGES, INSURANCE LEADERS MUST OPERATE DIFFERENTLY AND THINK AND ACT MORE CREATIVELY. DOING SO WILL REQUIRE A NEW BREED OF LEADERS WHO EMBRACE THE VALUE OF CHANGE, UNDERSTAND THE POWER OF INNOVATIVE TECHNOLOGY, APPRECIATE THE POTENTIAL BENEFITS OF NEW THINKING, AND ARE WILLING TO CHALLENGE THE STATUS QUO. BUT HOW DOES THE INDUSTRY ATTRACT THE REQUIRED TALENT WHEN COMPETING AGAINST THE LIKES OF SILICON VALLEY AND WALL STREET AMONG OTHERS? -SPEAKERS: SILVIA DIAZ-ROA, CO-FOUNDER, CLAIMDECK; DAVID MOCKLOW, CHIEF FINANCIAL & CLAIMS OFFICER, MSIG HOLDINGS USA; RUDY DIMMLING, SENIOR MANAGING DIRECTOR, GLOBAL INSURANCE SERVICES, FTI CONSULTING -ATTENDEES: 25 ADOPTING & DEPLOYING GENERATIVE AI IN INSURANCE -DATE: OCTOBER 5, 2023 -DESCRIPTION: ARTIFICIAL INTELLIGENCE (AI) HAS BEEN A HOT TOPIC FOR THE PAST 10+ YEARS, ENABLED BY CONSTANTLY INCREASING ADOPTION OF CLOUD TECHNOLOGIES AND MODERN APPROACHES TO DATA MANAGEMENT. LARGE LANGUAGE MODELS (LLM'S) AND GENERATIVE AI ARE TWO CONCEPTS THAT HAVE BEEN THRUST INTO THE SPOTLIGHT. THESE TOOLS OFFER THE POTENTIAL TO REVOLUTIONIZE HUMAN-TO-MACHINE INTERACTION BY REMOVING THE TECHNICAL BARRIER (AKA CODING) - WITH NATURAL LANGUAGE PROMPTS. AND IN DOING SO, UNLOCKING THE POTENTIAL TO INTERFACE WITH THE MACHINE WORLD IN A WAY WE HAVE NEVER-BEFORE EXPERIENCED. AND WHILE THE BENEFITS OF THESE TOOLS ARE SIGNIFICANT, THEY ALSO POSE EQUALLY SIGNIFICANT CHALLENGES IN THE FORM OF SECURITY, DATA PRIVACY AND MISINFORMATION. NOT TO MENTION THE HUGE FINANCIAL AND OPERATIONAL LIFT TO ADOPT AND DEPLOY THESE TOOLS INTO HEAVILY REGULATED, COMPLEX ENVIRONMENTS - LIKE INSURANCE. DURING THIS PRESENTATION AND DISCUSSION SPEAKERS: -SHARED PERSPECTIVES ON THE CURRENT AND FUTURE STATE OF AI IN INSURANCE (INCLUDING GENERATIVE AI) -PROVIDED EXAMPLES OF INSURANCE ORGANIZATIONS SUCCESSFULLY ADOPTING GENERATIVE AI -OFFERED USE-CASES AND AREAS TO CONSIDER DEPLOYING GENERATIVE AI ACROSS INSURANCE OPERATIONS -DEMONSTRATED INSURGPTTM (ROOTS' PROPRIETARY GENERATIVE AI MODEL) DEALING WITH VARIOUS STRUCTURED AND UNSTRUCTURED DOCUMENTS -SPEAKER: JOHN COTTONGIM, CO-FOUNDER AND CTO, ROOTS AUTOMATION -ATTENDEES: 47 FORM 990-EZ, PART IV - LIST OF OFFICERS, TRUSTEES, AND KEY EMPLOYEES ALL OFFICERS REPORTED ON PART IV ARE ALSO DIRECTORS ON THE BOARD. SECTION 6033(E) NOTICE AND REPORTING REQUIREMENTS FORM 990-EZ, PART V, LINE 35C DURING 2023, THE ORGANIZATION HAD NO LOBBYING AND POLITICAL EXPENDITURES; THEREFORE, IT HAD NO EXPENDITURES POTENTIALLY SUBJECT TO THE PROXY TAX. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.