1. Governor declares property insurance state of emergency; Lara vows to restore property insurance marketplace

    Governor Gavin Newsom declared a state of emergency Thursday over the property insurance availability crisis in California, and Insurance Commissioner Ricardo Lara vowed to use that declaration to speed the promulgation of emergency regulations that could restore competitive health to the market.&nb...

  2. Governor Signs Bill Expanding Licensing Exams

    California Governor Gavin Newsom has signed AB 451 into law, a bill strongly supported by IIABCal and other industry organizations that will permit the California Department of Insurance to offer its licensing examinations in additional languages.   The new law will require the examination fo...

  3. IIABCal will redouble its efforts to fix the California property insurance market

    Though disappointed by the collapse of negotiations that could have produced major legislative reforms last week, IIABCal will redouble its efforts to persuade lawmakers and regulators to take the steps necessary to restore the admitted property insurance marketplace in California, IIABCal President...

  4. Homeowners Insurance Crisis Attracting Increased Attention

    With the California Legislature set to return next week from its Summer recess, more attention is being focused on the property insurance availability and affordability crisis and pressure is mounting for legislators to address the situation. With new insurers like Kemper announcing measures to s...

  5. July 2023 Newsletter (7/14/23)

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  6. IIABCal Urges CDI to Let Insurers Use Rate Models (7/13/23)

    IIABCal Urges CDI to Let Insurers Use Rate Models   IIABCal urged the California Department of Insurance (CDI) at a regulatory workshop on July 13 to allow insurers to use catastrophic loss rate models—instead of limiting insurers solely to their own historic losses—in rate-ma...

  7. June 2023 Newsletter

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  8. Bill Status as of June 6, 2023

      IIABCal House of Origin Legislative Update  Prepared by Norwood Associates, LLC  June 5, 2023      AB 451 (Calderon): Insurance: license examinations.  This bill requires the Insurance Commissioner (IC) to provide the licensing examination fo...

  9. 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 ...

  10. May 2023 Newsletter

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