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Property LOSS Research Bureau

Trade
Trade Association · DOWNERS GROVE, IL · EIN 36-1516660

About

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.

Donations are NOT tax-deductible
Category
Trade Association
Employees
46
Volunteers
300

Financial Snapshot

FY ending 2023-12-31
Revenue
$13.2M
Expenses
$11.3M
Assets
$30.5M
Liabilities
$9.7M

Financial history

$13.2M$6.6M$0
1920212223
RevenueExpenses
Latest FY2023: $13.2M · Avg: $11.7M
PROPERTY LOSS RESEARCH BUREAU
Your actions

Address

3333 Finley Road STE 100
Downers Grove, IL, 60515-122

Governance

Voting board members6
Independent members6
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.