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Insurance Commissioner Announces Reappointments

03/07/2024
. boards of directors. Chick represents Lawyers' Mutal in an insurer seat on the CIGA board with a term that ends on Dec. 31 2026. Pierce is assistant vice president and actuary for State Farm. She is a fellow of the Casualty Actuarial Society a member of the American Academy of Actuaries and the

Category: News

WCAB Lacks Authority to Act on Petition for Reconsideration After 60 Days

12/19/2023
operation of law. Nearly 20 years after Uribes injury CIGA petitioned to join the Zurich American Insurance Co. to his claim contending that Zurich provided coverage for XCEL in September 2000. The Workers Compensation Appeals Board ordered Zurich joined as a party defendant and Zurich denied

Category: News

Commissioner Announces CIGA Board Appointments

11/08/2023
more than 30 years of experience in the insurance industry. The board of governors oversees the guarantee associations general operations and management in order to protect policyholders in the event of an insurance company's insolvency. In addition to the CIGA appointments Lara also announced

Category: News

Commissioner Announces Appointments to CIGA Board

03/31/2023
Chick president and CEO of Lawyers Mutual. Both appointments are for terms that end Dec. 31. I am pleased to announce these appointments to the CIGA board of governors the commissioner said in a statement. With their extensive knowledge and experience I am confident they will both greatly

Category: News

Commissioner Announces CIGA Appointments

01/20/2023
portfolio. He has 40 years of experience in finance including more than 20 years of experience in the insurance industry in both publicly traded companies as well as a public state fund. The appointees each will serve as a CIGA member-insurer representative for terms ending Dec. 31 2025.

Category: News

Governor Signs Insurance Bills

09/22/2022
2154 by Assemblyman Ken Cooley D-Rancho Cordova. AB 2154 aims to simplify the bonding authority for CIGA the states backstop against insolvent insurers. The bill would provide a statutory mechanism for CIGA to impose a surcharge on new licensees and current licensees that begin writing a new

Category: News

CIGA Bonding Simplification, High Heat Study Bills Heading to Governor

08/29/2022
amendments made to AB 1643 and AB 2154 while the measures were in the Senate. AB 2154 by Assemblyman Ken Cooley D-Rancho Cordova aims to simplify the bonding authority for the California Insurance Guarantee Association. The bill would provide a statutory mechanism for CIGA to impose a surcharge on

Category: News

CIGA and UR Study Bills Passed; COVID Presumption Gets Minor Amendment

08/03/2022
by Assemblyman Ken Cooley D-Rancho Cordova would repeal provisions authorizing CIGA to request that the Department of Insurance issue bonds to discharge claims following a natural disaster. The bill would designate the California Infrastructure and Economic Development Bank as the issuer of the

Category: News

UR Study Bill, CIGA Measure Set for Aug. 1 Hearing

06/29/2022
Cordova which would repeal provisions authorizing CIGA to request that the Department of Insurance issue bonds to discharge claims following a natural disaster. The bill would designate the California Infrastructure and Economic Development Bank as the issuer of the bonds using the same procedures for

Category: News

Most Comp Bills Pass Ahead of Deadline

05/31/2022
Assemblyman Ken Cooley D-Rancho Cordova which 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

Category: News

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