Posts for Archives: News
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April 2025
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Lara Approves Increased FAIR Plan Commercial Coverage Limits
California Insurance Commissioner Ricardo Lara has approved a FAIR Plan filing to increase commercial property coverage limits from $20 million… -
IIABCal Fighting Efforts to Let Insurers Poach Brokers’ FAIR Plan Customers
Other than policyholders, insurance agents and brokers have suffered the most from the current crisis in the availability of property insurance… -
Are we required to reimburse 100% of employee expenses?
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March 2025
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FREE: Comm. Lara Orders Insurers to Fully Investigate Smoke Damage Claims
In response to ongoing wildfire recovery efforts and litigation over insurer liability for smoke damage claims, Insurance Commissioner Ricardo Lara directed… -
Senate Insurance Committee “Understanding CA Insurance Market”
(Unlocked) For years now, California's insurance market has become increasingly strained. At a time when the state needs more coverage… -
Can we legally refund premium to only two of three former LLC owners?
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Speaker Appoints Assembly Insurance Committee
California Assembly Speaker Robert Rivas has appointed 16 members to the Assembly Insurance Committee, including reappointing Lisa Calderon as chair. The committee is now comprised of nine men and seven… -
IIABCal Shares “Cautious Optimism” on Property Insurance Reforms with California Association of Realtors
IIABCal General Counsel Steve Young told the California Association of Realtors last week that the Association remains cautiously optimistic that the Insurance Commissioner’s “Sustainable Insurance Strategy” will begin…