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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Property Loss Research Bureau

Property Loss Research Bureau

Fiscal year ending 2023. Filed on June 14, 2024.

3025 Highland Parkway 800
Downers Grove, Illinois 60515

Property Loss Research Bureau (EIN: 36-1516660), also known as Dba Property and Liability Resource Bureau, has filed an IRS Form 990 between fiscal years 2019 and 2023. In its fiscal year 2023 IRS Form 990 filing, Property Loss Research Bureau, a 501(c)(6) business league, reported compensation for 12 out of 46 total employees. Among the employees shown here, the average compensation is $317,252. The highest compensated employee at Property Loss Research Bureau is Bryan Falchuk with fiscal year 2023 compensation of $743,855.

Revenue, expenses, and employee compensation

Revenue

$13,183,287

Expenses

$11,314,113

Employee compensation

$8,072,876
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bryan Falchuk
President and CEO and Interim Treasurer
$743,855
$649,651 No related comp$94,204
Leonard Murphy
Senior Vice President and General Counsel
$444,709
$328,615 No related comp$116,094
Jeffrey Kerensky
Senior Vice President - Membership
$388,991
$296,729 No related comp$92,262
Elizabeth Sterne
Senior Vice President Property Legal Services and Secretary
$377,702
$294,720 No related comp$82,982
Michael Brode
Vice President Meetings and Education
$296,855
$218,565 No related comp$78,290
Peter Becker
Vice President, Information Services
$289,305
$248,240 No related comp$41,065
Paul Dispensa
Vice President - Membership (Thru 4/30/24)
$223,765
$204,421 No related comp$19,344
Thomas O' Dowd
Senior Marketing and Exhibits Manger
$203,196
$135,007 No related comp$68,189
Ransella Wagner
CA Counsel and LAW Review Editor
$193,252
$126,581 No related comp$66,671
Kathryn Jensen
Counsel and Senior Editor
$167,476
$129,753 No related comp$37,723
David Fox
Counsel
$160,668
$124,278 No related comp$36,390
Richard Long
Chair
$0

Benchmark Employee Compensation

Non-Employee Board Members

Bryon Nelson
Director
Meg Weist
Director
Paul Edwards
Director
Sean McSweeny
Director
Shannon O'Brien
Director
Tim Constien
Director

Contractors

Orlando World Center Marriott
Venue Food and Beverage
$735,534
Actualize Studio LLC
Website Development
$278,750
Atlanta Marriott Marquis
Venue Food and Beverage
$266,466
Renaissance Schaumburg Convention Center
Venue Food and Beverage
$168,064
Roger King Inc.
AV
$135,205

Mission Statement

OUR PURPOSE IS TO PROMOTE THE INTERESTS OF THE PROPERTY AND CASUALTY INSURANCE INDUSTRY GENERALLY IN MATTERS RELATED TO ADJUDICATION AND RESOLUTION OF CLAIMS. MORE SPECIFICALLY, THE PROPERTY LOSS RESEARCH BUREUA STRIVES TO:1. PROMOTE THE ACHIEVEMENT AND MAINTENANCE OF THE HIGHEST LEVELS OF COMPETENCE AMONG THOSE REPRESENTING INSURERS IN THE ADJUSTMENT OF INSURANCE CLAIMS.2. PROVIDE RESEARCH AND ANALYSIS OF CLAIMS COVERAGE ISSUES. 3. PROMOTE CLARITY IN, AND UNDERSTANDING OF, INSURANCE POLICY LANGUAGE.4. PROMOTE DESIGN OF INNOVATIVE, FAIR AND EFFICIENT CLAIMS ADJUSTING PRACTICES. 5. ARRANGE AND CREATE EFFECTIVE INDUSTRY TRAINING PROGRAMS. 6. CONTRIBUTE TO THE INDUSTRY'S CLAIMS RESPONSE, ASSIST AND EDUCATE CATASTROPHE CLAIMS PERSONNEL, AND AID CATASTROPHE VICTIMS THROUGH PUBLIC INFORMATION.7. COOPERATE WITH OTHER PROPERTY AND CASUALTY INDUSTRY GROUPS, ASSOCIATIONS, AND OTHERS IN THEIR EFFORTS TO ENHANCE THE KNOWLEDGE AND PROFESSIONALISM OF THE INDUSTRY AND ITS SERVICE.

Revisions to this organization profile

June 14, 2024:
2023 Property Loss Research Bureau 990 filed
May 12, 2023:
2022 Property Loss Research Bureau 990 filed
May 12, 2022:
2021 Property Loss Research Bureau 990 filed

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