2025-11-12T10:57:07-06:00 2024-12-31 593186310 THOMAS HOWELL FERGUSON PA 2615 CENTENNIAL BLVD SUITE 200 TALLAHASSEE FL 32308 990 2024-01-01 591378046 FLORIDA INSURANCE GUARANTY ASSOCIATION INC FLOR 8503869200 PO BOX 14249 TALLAHASSEE FL 323174249 ROBERT L RICKER EXECUTIVE DIRECTOR 8503869200 2025-11-07 1 0 X STACEY T KOLKA P01371120 8506688100 2024 2025-03-06 01:10:19Z ROBERT L RICKER PO BOX 14249 TALLAHASSEE FL 323174249 5202816505 0 X WWW.FIGAFACTS.COM X 1970 FL TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS OF INSOLVENT INSURERS AND TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES. 9 9 24 9 0 0 0 0 0 0 19063825 27520193 459302277 798093119 478366102 825613312 0 0 0 0 4855778 6530054 0 0 0 769030341 536213819 773886119 542743873 -295520017 282869439 617776231 827340191 633672299 560366818 -15896068 266973373 TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS OF INSOLVENT INSURERS AND TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES. 0 0 THE ASSOCIATION PAYS THE COVERED CLAIMS OF INSOLVENT INSURERS AND ASSISTS IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES. IN 2024, THERE WERE 12,340 CLAIMS. THERE ARE APPROXIMATELY 728 MEMBERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 641 0 24 1 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT L RICKER 8503869200 1400 OVEN PARK DRIVE TALLAHASSEE FL 32308 KIMBERLY BLACKBURN CHAIRMAN 2.00 X X 0 0 0 BRENT BRUMMER DIRECTOR 2.00 X 0 0 0 BENJAMIN TREUIL DIRECTOR 2.00 X 0 0 0 JON RITCHIE DIRECTOR 2.00 X 0 0 0 MICHAEL DOBSON DIRECTOR 2.00 X 0 0 0 RYAN WEST DIRECTOR 2.00 X 0 0 0 CHARLES LYDECKER DIRECTOR 2.00 X 0 0 0 TOM GALLAGHER DIRECTOR 2.00 X 0 0 0 TASHA CARTER DIRECTOR 2.00 X 0 0 0 STEVEN BROWN CHIEF OPERATING OFFICER 20.00 X 166991 0 23461 WILLIAM HUGHES VICE PRESIDENT OF CLAIMS 30.00 X 183371 0 30489 COREY NEAL EXECUTIVE DIRECTOR 20.00 X 129917 0 20540 ELIZABETH FRISBIE CONTROLLER 30.00 X 135886 0 26690 ANDREW HARRIS IT MANAGER 30.00 X 134311 0 9759 VERONICA DEGRAFF HR DIRECTOR 30.00 X 142138 0 27191 892614 0 138130 6 0 1 0 RIVERWOOD CLAIMS MANAGEMENT 4875 AVALON RIDGE PARKWAY PEACHTREE CORNERS GA 30071 CLAIM HANDLING SERVICES 2155446 FKS INSURANCE SERVICES PO BOX 16848 ST PETERSBURG FL 33733 CLAIM HANDLING SERVICES 1746860 PACESETTER CLAIMS SERVICES 1350 S BOULDER AVENUE SUITE 700 TULSA OK 74119 CLAIM HANDLING SERVICES 1305500 ALACRITY SOLUTIONS GROUP 9725 WINDERMERE BLVD FISHERS IN 46037 CLAIM HANDLING SERVICES 981935 MID AMERICA CATASTROPHE SERVICES 5550 COMMERCE BLVD EAST MOBILE AL 36619 CLAIM HANDLING SERVICES 741935 17 27520174 27520174 4377203212 4377203193 19 19 19 ASSESSMENTS 524298 370370277 370370277 REIMBURSEMENT FOR HANDLING EXP 524298 265615592 265615592 REIMBURSEMENT FOR CLAIMS 524298 162107250 162107250 798093119 825613312 798093119 0 27520193 404312 2068842 3688628 231647 136625 383447 79874 8100 123862 90405 161002 615142 56809 51611 24050976 58994 116941 CLAIMS PAID 510208065 DUES & SUBSCRIPTIONS 191622 TAXES & LICENSES 16969 542743873 293585908 364230716 291789437 280280000 2180121 1321067 878257 859054 29396626 179293529 2126003 2676892 617776231 827340191 10006 0 607212362 553063642 15000000 11449931 7303176 633672299 560366818 X -15896068 266973373 -15896068 266973373 617776231 827340191 282869439 0 X 0 1 X 1 0 0 0 0 8100 8100 8100 310000 310000 883463 400175 483288 168303 124979 43324 779563 760443 19120 38792 35470 3322 859054 ACCRUED INTEREST 7303176 7303176 X 825489450 0 825489450 123862 123862 825613312 542620010 0 542620010 123862 123862 542743872 PART X, LINE 2: WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR YEARS ENDED DECEMBER 31, 2020 AND PRIOR. X X X X 0 0 0 WILLIAM HUGHES VICE PRESIDENT OF CLAIMS 170621 0 12750 0 0 0 14670 0 15819 0 213860 0 0 0 STEVEN BROWN CHIEF OPERATING OFFICER 146991 0 20000 0 0 0 9384 0 14077 0 190452 0 0 0 VERONICA DEGRAFF HR DIRECTOR 132388 0 9750 0 0 0 11372 0 15819 0 169329 0 0 0 ELIZABETH FRISBIE CONTROLLER 127136 0 8750 0 0 0 10871 0 15819 0 162576 0 0 0 COREY NEAL EXECUTIVE DIRECTOR 129917 0 0 0 0 0 10393 0 10147 0 150457 0 0 0 A SERIES 2023A-1 ASSESSMENT REVENUE BOND 923194486 34074EAA7 2023-07-01 50530000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 B SERIES 2023A-1 ASSESSMENT REVENUE BOND 923194486 34074EAB5 2023-07-01 115765000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 C SERIES 2023A-1 ASSESSMENT REVENUE BOND 923194486 34074EAC3 2023-07-01 121905000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 D SERIES 2023A-1 ASSESSMENT REVENUE BOND 923194486 34074EAD1 2023-07-01 100000000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 A 50530000 52078787 38518613 12839538 2023 0 0 1 1 B 119313225 886397 88246728 29415576 1311026 2023 0 0 1 1 C 125641417 933411 92927201 30975734 1380560 2023 0 0 1 1 D 103065024 765687 76229196 25409732 1132489 2023 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A SERIES 2023A-1 ASSESSMENT REVENUE BOND 923194486 34074EAE9 2023-07-01 77125000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 B SERIES 2023A-2 ASSESSMENT REVENUE BOND 923194486 34074EAF6 2023-07-01 125000000 PAY COVERED CLAIMS AND REPAY OUTSTANDING DEBTS 0 0 0 A 79488900 590536 58791767 19597256 873432 2023 0 0 1 1 B 128831280 957109 95286495 31762165 1415611 2023 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 FORM 990, PART V, LINE 2A: PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER, EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. EMPLOYEES ARE PROVIDED BY AMERICAN GUARANTY FUND GROUP, INC. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION ENTERED INTO AN AGREEMENT WITH AMERICAN GUARANTY FUND GROUP, INC. TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ASSOCIATION ARE ALL INSURERS THAT PROVIDE PROPERTY AND CASUALTY COVERAGES IN THE STATE OF FLORIDA. FORM 990, PART VI, SECTION A, LINE 7A APPOINTMENTS TO THE BOARD OF DIRECTORS ARE MADE BY THE FLORIDA DEPARTMENT OF FINANCIAL SERVICES UPON RECOMMENDATION OF MEMBER INSURERS PURSUANT TO FLORIDA LAW. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD ANNUALLY DETERMINES THE NEED FOR AN ASSESSMENT. HOWEVER, THE INSURANCE COMMISSIONER OF THE STATE OF FLORIDA ACTUALLY LEVIES THE ASSESSMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ACCOMPANYING SCHEDULES ARE REVIEWED BY THE DIRECTOR OF OPERATIONS AND THE EXECUTIVE DIRECTOR BEFORE THE RETURN IS FINALIZED BY THE INDEPENDENT TAX PREPARER. ALL MEMBERS OF THE BOARD ARE PROVIDED A DRAFT COPY AND THE FINANCE & AUDIT COMMITTEE IS RESPONSIBLE FOR REVIEWING AND COMMENTING ON BEHALF OF THE BOARD PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE. IT SHALL BE DEEMED SUFFICIENT FOR THE EXECUTIVE DIRECTOR TO PROVIDE A DRAFT COPY TO ALL FINANCE & AUDIT COMMITTEE MEMBERS BY EMAIL, AND ADVISE THAT APPROVAL IS IMPLIED BY A NON-RESPONSE TO THE MAIL. THE EXECUTIVE DIRECTOR SHALL PROVIDE EVIDENCE IN THE FORM 990 FILE THAT THIS POLICY HAS BEEN COMPLIED WITH AND RETAIN COPIES OF ALL CORRESPONDENCE, QUESTIONS AND OBJECTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR PROVIDES A COPY OF THE CONFLICT OF INTEREST AND ETHICS POLICY TO EVERY DIRECTOR, OFFICER, EMPLOYEE OR REPRESENTATIVE OF FIGA. ALL EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE A TRAINING PROGRAM AND UPDATE AND SIGN THE POLICY. BOARD MEMBERS ANNUALLY COMPLETE A CERTIFICATION DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AFTER REVIEWING THE VENDOR LISTING. THE "ANTI-TRUST POLICY" IS READ BEFORE THE START OF EACH FIGA MEETING TO REMIND PARTICIPANTS THAT THE POLICY IS ENFORCED AND TO ENSURE THAT THE CONDUCT OF THE MEETING CONFORMS TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A FIGA'S EXECUTIVE COMPENSATION PACKAGE, INCLUDING BASE SALARY, BONUSES AND BENEFITS, WILL BE DECIDED BY THE "COMPENSATION COMMITTEE," MADE UP OF INDEPENDENT DIRECTORS WHO DO NOT HAVE ANY PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENT. IN ORDER TO ENSURE REASONABLE COMPENSATION, THE COMPENSATION COMMITTEE WILL OBTAIN COMPENSATION COMPARABILITY DATA FOR THE POSITION. THE MOST RECENT COMPENSATION COMPARISION WAS PERFORMED IN 2022 BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE PERFORMS THIS COMPARISON PERIODICALLY. PAY GRADES AND COMPENSATION MID-POINTS WERE REVISED AS A RESULT OF THE 2022 COMPENSATION STUDY. THE COMPARABILITY DATA MAY BE BASED ON INDUSTRY SURVEYS, USE OF A COMPENSATION CONSULTANT AND DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS FROM FORM 990 OF OTHER ORGANIZATIONS. THE BASIS FOR THE DETERMINATION WILL BE DOCUMENTED AND INCLUDE THE TERMS OF THE APPROVED TRANSACTIONS AND THE DATE APPROVED, THE MEMBERS OF THE COMPENSATION COMMITTEE WHO VOTED ON THE DECISION, THE COMPARABILITY DATA THAT WAS RELIED ON AND HOW THE DATA WAS OBTAINED. THE EXECUTIVE DIRECTOR HAS THE AUTHORITY TO SET COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FIGA OPERATES UNDER THE FLORIDA SUNSHINE LAW AND ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ANY MEMBER OF THE PUBLIC. REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION TAXPAYER NAME: FLORIDA INSURANCE GUARANTY ASSOCIATION, INC. TAXPAYER ADDRESS: P.O. BOX 14249, TALLAHASSEE, FL 32317-4249 TAXPAYER ID NUMBER: 59-1378046 YEAR-END: 12/31/24 UNDER IRC REGULATION SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION.