1. Insurance Agent Tax Identification Number Requirement Bill Passed Assembly Committee

    SACRAMENTO, CA, Aug. 31, 2017 -- IIABCal-supported SB 788 (Ricardo Lara, Dem-Bell Gardens) this week was approved by the Assembly Appropriations Committee unanimously.  The bill mandates the Insurance Commissioner require either a social security number or an individual taxpayer identificati...

  2. IIABCal & Industry Loses Past Leader

    PLEASANTON, CA, Sept. 11, 2017 -- IIABCal Past Director and IAA Santa Cruz Past President Charles Downey passed away with his family by his side Aug. 31, 2017. Mr. Downey’s insurance career spanned more than 60 years, and he had many agency and company friends throughout California.  &...

  3. Speaker Calls on Assembly Committee to ‘Get to Yes’ on Universal Health Care

    SACRAMENTO, CA, Aug. 24, 2017 — Assembly Speaker Anthony Rendon (D-Lakewood) today announced that Dr. Joaquin Arambula (D-Fresno) and Dr. Jim Wood (D-Healdsburg), chairs of the Assembly Select Committee on Health Care Delivery Systems and Universal Coverage, will hold ongoing hearings beginnin...

  4. Workers' Comp Exemption Bill Moves Through Legislature

    SACRAMENTO, CA, Aug. 24, 2017 - A measure that exempts corporate officers and professional corporation principals from being required to carry workers’ compensation policies is moving through the Legislature, but remains very much a work in progress. IIABCal-supported SB 189, sponsored by S...

  5. Legislative Measure Pings Radar of Agents & Brokers

    SACRAMENTO, CA, July 6, 2017 -  While a legislative proposal does not specifically relate to insurance as a subject matter, SB 244 (Senator Ricardo Lara, D-Bell Gardens) will impact the business of insurance, and indirectly, independent insurance agents and brokers.  Appearing late at t...

  6. Governor Signs Insurance Agent & Broker Interstate Banking Authorization For Premium Trust Accounts

    Sacramento, CA,  July 18, 2017 -- Governor Jerry Brown yesterday signed legislation to permit California insurance agents and brokers to utilize out of state banking services for deposit of premium dollars. AB 1460, authored by Assembly Insurance, Banking and Financial Institutions Committee Ch...

  7. Fight Continues Against Bad Business Legislation

    SACRAMENTO, CA, June 22, 2017 -  The fight continues against proposed legislation making its way through the California Legislature that hinder job creation and economic growth.  While bills to make it burdensome to conduct business in California are still alive, there are industry coal...

  8. CDI Approves Revised EquityComp Policies For Sale And Renewal

    SACRAMENTO, CA, June 9, 2017 —The California Department of Insurance announced a settlement this week that will allow Applied Underwriters to resume selling new, and renewing existing, workers’ compensation policies in its EquityComp program, and resolve all issues that the parties had b...

  9. Insurers Wrote $68.8 Billion In California Premiums in 2015

    WASHINGTON, D.C., June 15, 2017 - Insurance companies in California wrote $68.8 billion in P&C premiums in 2015, representing 11.67% of the U.S. insurance market, ranking the Golden State No. 1 in the country, according to figures released by the National Association of Insurance Commissioners (...

  10. Court of Appeals Rules Against FAIR Plan

    SAN FRANCISCO, CA, June 1, 2017 — The First District Court of Appeals has ruled that the California FAIR Plan must pay a policyholder far in excess of its actual-cash-value policy requirements, finding that recent amendments to the California Insurance Code trumped policy provisions.  ...
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