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CDI Announces Cease & Desist Order Against EquityComp
SACRAMENTO CA, June 30, 2016 - California Insurance Company (CIC) and Applied Underwriters Captive Risk Assurance Company, Inc. (AUCRA), two Berkshire Hathaway companies, were issued a cease and desist order from the California Department of Insurance. Editor’s No...
IIABCal Testifies In Support of E-Commerce Bill
SACRAMENTO, CA, June 30, 2016 -- An E-Commerce bill, co-sponsored by IIABCal, passed the California Senate Judiciary Committee this week by an unanimous vote. The bill, AB 2591 by Assemblyman Matt Dababneh, expands upon existing law to further authorize insurers selling automobile and prope...
Assembly Committee Passes Bill Preventing Driver’s License Suspensions for Minor Offenses
SACRAMENTO, CA, June 30, 2016 – The Assembly Public Safety Committee passed legislation by Sen. Bob Hertzberg, D-Van Nuys, that stops the automatic suspension of driver’s licenses for people who fail to pay fines for minor traffic offenses. According to the bill's author, SB ...
Qualifying Tournament For California’s Junior Golf Set For Oakmont Country Club
GLENDALE, CA, June 23, 2016 - IIABCal’s state final for the Trusted Choice Big “I” National Championship will be held July 11th and 12th here at the Oakmont Country Club. The boys and girls that qualify to play are hoping to advance to the Trusted Choice Big I National Champi...
Commissioner Declares “Precedent” in Applied Underwriters' EquityComp Program
SACRAMENTO, CA, June 23, 2016 - California Insurance Commissioner Dave Jones signed an order this week effectively prohibiting Applied Underwriters’ from providing its current iteration of “EquityComp” workers’ compensation policies in California – and prohibiting any o...
Big "I" Applauds Senate Passage of Resolution to Block DOL Fiduciary Rule
WASHINGTON, D.C., May 24, 2016—The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) praises the U.S. Senate for passing H.J. Res. 88, sponsored by Sens. Johnny Isakson (R-Georgia) and Lamar Alexander (R-Tennessee). The resolution is part of an effort to ...
Big “I” Praises House For Supporting State Insurance Regulation Bill
WASHINGTON, D.C., June 16, 2016 — The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today praises the U.S. House of Representatives Committee on Financial Services for reporting H.R. 5143, the “Transparent Insurance Standards Act of 2016,”...
Thriving Underground Economy Targeted in Multi-Agency Enforcement Effort
SACRAMENTO, CA, May 20, 2016 - The California Department of Insurance yesterday, led a statewide enforcement outreach focused on providing information to businesses that may operate in California's multi-billion dollar underground economy. The multi-agency team, which included the Contr...
Expanded Family Leave Benefits Bill Becomes Law
SACRAMENTO, CA, April 15, 2016 -- Governor Jerry Brown last week signed a bill by Assembly Member Jimmy Gomez greatly expanding California’s family leave program to include a wider range of employees and offer better benefits. This expansion builds upon the family leave program that was instit...
Workers’ Compensation Reform Bill Continues
SACRAMENTO, CA, April 15, 2016 -- The Senate Industrial Relations Committee heard a number of workers’ compensation bills this week. Probably the most watched was SB 1160 by Committee Chair, Senator Tony Mendoza (D-Artesia). This bill was framed as an “evolving reform bi...
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