Posts for Archives: News
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February 2025
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January 2025
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Do brokers assume greater liability selling FAIR Plan policies?
Do brokers selling FAIR Plan policies incur a greater risk of professional liability if or when losses exceed coverage limits? -
CDI Files Reinsurance Regulations Before Year End
Insurance Commissioner Ricardo Lara submitted final regulations to the California Office of Administrative Law on Dec. 27. -
DOI Notice of Significant Laws Pertaining to Property Insurance Policies
2025 Annual Notice – Significant California Laws Effective as of the Date of this Notice Pertaining to Residential Property Insurance Policies, including those related to a Declared State of Emergency -
2024 California Legislative Year in Review
The second year of the California Legislature’s 2023-24 legislative session might be captioned as the “Wake Up Call”. -
IIABCal Urges Lara to Recognize Insurers’ Reinsurance Costs
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Does the Corporate Transparency Act apply to insurance agencies?
A number of our commercial policyholders are scrambling to file statements of beneficial ownership under a federal law called the Corporate Transparency Act (CTA). Are insurance agencies and brokerages required to comply? -
Can we participate in an auto body shop business promotion?
Is it permissible for our agency to offer any referrals of auto body shops in our area? When our customers ask, we generally offer two or three. -
Can a lender impose insurance coverage requirements?
Can a lender demand that a mortgagee purchase a specified amount of insurance, or purchase a policy from a specified lender?