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Assembly Passes Debit Card Payment, CIGA Bills
05/16/2022
would repeal provisions authorizing CIGA to request that the Department of Insurance issue bonds to discharge claims following a natural disaster and instead authorizes the California Infrastructure and Economic Development Bank to issue those bonds using the same procedures for discharging claims of
Category: News
Commissioner Announces CIGA Appointment
05/02/2022
insurance industry. He joins the CIGA board as a member insurer representative with a term that runs through Dec. 31.
The CIGA board of governors oversees the associations general operations and management in order to protect policyholders in the event of an insurance company insolvency. Established in
Category: News
Chiropractor Can't Sue CIGA , TPA for Defamatory Statement Accidentally Made in Letters
04/26/2022
administrator for CIGA and a claims examiner identified in court documents as D. Russ was assigned to handle the claim.
Andrew John Miles is a chiropractor who treated the injured worker.
When Russ reviewed the claim file she noted that Miles was identified as the workers primary treating physician
Category: News
Insurance Commissioner Announces CIGA , WCIRB Appointments
03/25/2022
legislative advocate at the California Labor Federation.
He began his career in organized labor as the legislative director of the Illinois AFL-CIO in 2001 after staffing the Senate Labor and Employment Committee in the Illinois State Senate.
Lara also appointed Jennifer Schnittjer to the CIGA board of
Category: News
Guaranty Association Tenders Proper Payment Despite Omission of Suffix
12/14/2021
responsible for payments. However the Connecticut Insurance Guaranty Association assumed liability for Austins benefits in 2013 after Kemper became insolvent.
CIGA assigned Marjorie Corbett to administer Austins claim.
In July 2015 Corbett identified Austin as entitled to both a prospective cost of
Category: News
Commissioner Announces CIGA Board Appointment
10/14/2021
Center.
Borrego joins the CIGA board in the public member seat representing business effective Nov. 5. He serves at the pleasure of the commissioner and the position is unpaid.
CIGA serves as a backstop and pays benefits in the event of carrier insolvencies.
Category: News
Gov. Signs CIGA Bond Bill
10/01/2021
Gov. Gavin Newsom signed a bill extending the deadline for the California Insurance Guarantee Association to issue bonds to cover claim costs arising from insolvencies of workers compensation carriers.
Gov. Gavin Newsom
CIGA is authorized to issue up to 1.5 billion in bonds to pay work
Category: News
After Contentious Legislative Session, Lower-Profile Comp Bills Head to Newsom's Desk
09/21/2021
Development Bank to issue bonds to cover claims arising from the insolvencies of workers compensation carriers.
The bill would extend the deadline to Jan. 1 2026.
AB 1541 which originated in the Assembly Insurance Committee was sent to Newsoms desk Sept. 7.
Current law authorizes CIGA to issue
Category: News
Bill That Would Extend CIGA Request to Issue Bonds Heads to Governor's Desk
09/03/2021
.
Current law authorizes CIGA to issue up to 1.5 billion in bonds to pay workers comp claims and efficiently manage cash flow needs.
Any bonds issued shall not mature more than 20 years from the date of issuance according to a bill analysis.
In a statement of support CIGA says AB 1541 is needed
Category: News
Commissioner Announces CIGA Appointment
07/13/2021
California Insurance Commissioner Ricardo Lara announced the appointment of Christina Ozuna to the California Insurance Guarantee Association board o
Category: News
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