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Trusted Choice Disaster Fund Helps Agents In Need
PLEASANTON, CA, Sept. 1, 2016 - As fires continue to cause destruction throughout California, the Trusted Choice Disaster Relief Fund is available to assist IIABCal members and their staff if they have experienced unrecoverable losses. The Disaster Relief Fund can be used to fill financial gap...
NAIC Drafting ‘Ridiculous’ Model Act on CyberSecurity
SAN DIEGO, CA, Aug. 25, 2016 —The National Association of Insurance Commissioners is moving rapidly toward adoption of a new “model act” that, if approved by state legislatures, would impose massive new duties, expenses and liabilities upon the entire insurance industry—inclu...
Agents Council for Technology Tackles Changing Nature of Risk
ALEXANDRIA, VA, Aug. 25, 2016—The Agents Council for Technology (ACT) ‘Changing Nature of Risk’ work group discusses drones, Peer-to-Peer and other critical trends in the first of six ‘Risk Advisories’ designed to evaluate the independent insurance agency system’s...
Workers’ Compensation Reforms Pass Committee
SACRAMENTO, CA, Aug. 25, 2016 -- SB 1160 by Senator Tony Mendoza (D-Artesia) passed the Assembly Insurance Committee with a unanimous vote. The bill, newly amended in this committee, reforms utilization review (UR) and contains a provision governing liens. A broad array of workers&r...
Superior Court Rejects $27 Million Mercury “Broker Fee” Fine
SANTA ANA, CA, Aug. 18, 2016 — An Orange County Superior Court Judge has rejected an attempt by California Insurance Commissioner Dave Jones to impose a $27 million penalty on Mercury Insurance for “broker fees” charged by AIS over a decade ago. Judge Gail Andler, in an order si...
Alarming Number of Americans Unprepared for a Major Disaster
ALEXANDRIA, VA, Aug. 16, 2016 — A new national consumer survey commissioned by Trusted Choice® and the Big “I” reveals that many homeowners lack adequate insurance coverage, do not fully understand their homeowners policies and do not have enough savings to support their househ...
Commissioner Demands Consumer Watchdog Retract News Release
SACRAMENTO, CA, Aug. 10, 2016 - The Consumer Watchdog issued a news release about State Farm Insurance that includes inaccurate statements and is misleading, according to California Insurance Commissioner Don Jones. The Consumer Watchdog news release falsely stated that a judge made a decision &q...
California & Louisiana Teen Golfers WinTrusted Choice® Big "I" National Championship
ALEXANDRIA, VA, Aug. 6, 2016 – Emilee Hoffman of Folsom, California, and Jacob Bergeron of Slidell, Louisiana, won the girls and boys divisions, respectively, at the 48th annual Trusted Choice® Big "I" National Championship in Sacramento, California. The tournament featured 15...
CDI In Talks With Applied Underwriters On EquityComp Program
SACRAMENTO, CA, July 28, 2016—The California Department of Insurance has agreed with Applied Underwriters to “stay,” or delay, a planned hearing on Insurance Commissioner Dave Jones’ request for a “cease and desist” order that, if granted, would have effectively p...
Briefing Completed In California Supreme Court on Challenge to Replacement Cost Regulations
SAN FRANCISCO, CA , July 28, 2016 — Briefing is now completed and the California Supreme Court is expected to schedule oral argument later this year or early next in a crucially important case, ACIC v. Jones, challenging the legal authority of the California Department of Insurance requiring i...
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