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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 2022. Filed on May 12, 2023.

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 2022 IRS Form 990 filing, Property Loss Research Bureau, a 501(c)(6) business league, reported compensation for 13 out of 42 total employees. Among the employees shown here, the average compensation is $285,035. The highest compensated employee at Property Loss Research Bureau is Thomas Mallin with fiscal year 2022 compensation of $842,499.

Revenue, expenses, and employee compensation

Revenue

$11,373,388

Expenses

$10,071,995

Employee compensation

$7,199,255
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Mallin
President and CEO (Retired 12/31)
$842,499
$716,167 No related comp$126,332
Leonard Murphy
Vice President and General Counsel
$390,056
$314,640 No related comp$75,416
Jeffrey Kerensky
Executive Vice President
$365,310
$292,572 No related comp$72,738
Elizabeth Sterne
Vice President Property Legal Services and Secretary
$314,631
$258,000 No related comp$56,631
Paul Dispensa
Vice President Liability Services and Membership
$311,789
$263,026 No related comp$48,763
Peter Becker
Vice President Information Services and Treasurer
$281,417
$246,540 No related comp$34,877
Michael Brode
Avp-Educational and Technical Services
$275,283
$214,463 No related comp$60,820
Valerie Berka
Senior Meetings Manager
$171,036
$129,032 No related comp$42,004
Jeffrey Margulis
Counsel
$154,752
$125,284 No related comp$29,468
Kathryn Jensen
Counsel and Senior Editor
$154,311
$125,035 No related comp$29,276
David Fox
Counsel
$151,905
$122,778 No related comp$29,127
Bryan Falchuk
President and CEO (Incoming)
$149,890
$133,750 No related comp$16,140

Benchmark Employee Compensation

Non-Employee Board Members

Bryon Nelson
Director
Meg Weist
Director
Paul Edwards
Director
Sean B McSweeney
Chair
Shannon O'Brien
Director
Tim Constien
Director

Contractors

Rk Culinary Group
Food and Beverage
$333,755
Heidrick & Struggles Inc.
Executive Search Firm
$236,759
Roger King Inc.
AV Servicese
$221,166
Marriott International
Meeting Rooms
$109,232

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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