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WCIRB: $4.2B for Medical, $3.7B for Indemnity in 2020
06/30/2021
including benefit payments made by CIGA were 7.9 million or 56 of insurer calendar year earned premium the WCIRBs report reads.
The bureau said insurers' incurred loss adjustment expenses in 2020 were 1.7 billion or 12 of earned premium.
The WCIRB said total insurer incurred losses for 2020
Category: News
Insurance Committee Hearing Bills on Comp Reports
03/25/2021
conducts a survey and evaluation of evidence-based peer-reviewed treatment guidelines.
AB 1541 another measure introduced by the Insurance Committee would extend the deadline during which CIGA can ask the California Infrastructure and Economic Development Bank to issue bonds to cover claims arising
Category: News
CIGA Governors, Committees Meet Wednesday
10/30/2020
Audit and financial committees for the California Insurance Guarantee Association are holding teleconference meetings Wednesday before the associatio
Category: News
Amended Bill Would Provide CIGA Coverage for Out-of-State Injuries
07/31/2020
Language relating to CIGA was inserted into Assembly Bill 3012 on Wednesday. As introduced the bill by Assemblyman Jim Wood D-Santa Rosa focused on expanding and clarifying policyholder rights with regard to wildfire claims.
Woods amendments added the CIGA language to the fire provisions. He also
Category: News
CIGA Boards, Committees Meet Aug. 5
07/29/2020
Boards and committees for the California Insurance Guarantee Association will hold a series of video conference meetings Aug. 5.
The day will star
Category: News
Lara Appoints Two to CIGA Board
06/19/2020
on the CIGA board and serve a term that ends Dec. 31 2022.
Guastamachio is the chief investment officer and treasurer for the State Compensation Insurance Fund Californias largest workers compensation carrier. He has 40 years of experience in finance including more than 20 years of experience
Category: News
Lara Makes Appointments to CIGA , WCIRB
04/29/2020
Timm co-founder and CEO of Root Insurance to the CIGA board.
The CIGA board of governors oversees the guarantee associations general operations and management in order to protect policyholders in the event an insurance company becomes insolvent.
Timm joins the CIGA board as the representative
Category: News
Advocates Expect 'Standard' Legislative Session for Comp; Reforms to Come Later
02/26/2020
compensation claims.
Under the bill CIGA would cover benefits provided under workers compensation laws of another state. The bill also attempts to ensure that CIGA would pay benefits in cases where a policy is transferred from one carrier to another and the second carrier becomes insolvent.
The last
Category: News
Bill Would Expand CIGA Coverage for Comp Claims
02/20/2020
The California Insurance Guarantee Association would cover benefits provided under the workers compensation laws of another state under recently introduced legislation.
Assembly Bill 2398 by the Assembly Insurance Committee would expand the definition of comp claims covered by CIGA to
Category: News
Lara Announces Appointment of Richard De La Mora to CIGA Board of Governors
01/13/2020
worked in private civil practice for Barger & Wolen LLP a California insurance regulatory and litigation firm.
De La Mora will take a member insurer seat representing Farmers Group on the CIGA board of governors until December 2021.
The board of governors oversees the Guarantee Associations
Category: News
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