1. IIABCal’s Response to State Farm's Announcement (5-30-23)

    In light of the major announcement by State Farm that it will accept no new property insurance risks in California, IIABCal is redoubling its efforts to press legislators and the Insurance Commissioner to take steps necessary to reopen property insurance markets. IIABCal is in communication with ...

  2. May 2023 Newsletter

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  3. IIABCal Members Plead for Regulatory Relief

    SACRAMENTO, CA, May 10, 2023--Two IIABCal members testified at the May 10, 2023, informational and oversight hearing held by the Senate Insurance Committee–articulating the property insurance crisis affecting their agencies and pleading for regulatory or legislative relief.   Appear...

  4. IIABCal Amendments to SB 263 Accepted

    SACRAMENTO, CA, May 5, 2023--In a major victory for insurance agents and brokers, the Senate Insurance Committee on April 26 approved SB 263, an annuity regulation bill, only after accepting several amendments urged by IIABCal and other producer groups.   As originally introduced, SB 263 ...

  5. April 2023 Newsletter

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  6. IIABCal Opposes “Discriminatory” SB 263

    SACRAMENTO, CA, April 4, 2023--The National Association of Insurance and Financial Advisors (NAIFA—California) this week joined IIABCal in officially opposing SB 263, a bill that would require agents selling annuities and similar products on commission to fully disclose all compensation b...

  7. CDI and FAIR Plan Reach Agreement to Increase Commercial Coverage Limit to $20 Million

    SACRAMENTO, CA, April 4, 2023--In a stopgap measure that will provide at least some relief for HOAs and other commercial property owners, the California Department of Insurance (CDI) and California FAIR Plan (CFP) agreed last week to increase its coverage on commercial property to $20 million. ...

  8. Carrier Exodus from California Continues as IIABCal Appeals to Insurance Committees for Relief

    SACRAMENTO, CA, April 4, 2023--In the wake of oversight hearings last month, IIABCal has written every legislator on the California Senate and Assembly Insurance Committees, urging legislators, the regulator, and the industry to engage in a series of formal talks to look at every conceivable option ...

  9. Proposed Bill Threatens Avalanche of Lawsuits Against Independent Insurance Agents & Brokers

    SACRAMENTO, CA, March 22, 2023 — IIABCal is committed to fighting one of the worst bills proposed in years which, if enacted, would create a tsunami of unwarranted litigation against insurance agents and brokers in California.    SB 263 seeks to impose radical new limitations on t...

  10. IIABCal Testifies at Assembly Insurance Committee on FAIR Plan

    SACRAMENTO, CA , March 9, 2022 —The Legislature should pressure California Insurance Commissioner Ricardo Lara to engage in serious negotiations with stakeholders to restore the health of the personal and commercial property insurance markets, IIABCal told members of the Assembly Insurance Com...
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