The 2026 election year will be especially significant for California because nearly all major state leadership positions will be on the ballot. Voters will choose every statewide constitutional officer including Insurance Commissioner, Governor, Lieutenant Governor, Attorney General, Treasurer, Secretary of State, and others—at a time when several incumbents, including the Governor and Treasurer, are term-limited […]
2026 Election Year Read More »
The California Department of Insurance (CDI) approved the nation’s first forward-looking catastrophe model for wildfire risk, developed by Verisk. Since then, CDI has completed its review and approval of two additional forward-looking models from Karen Clark & Company and Moody’s. The approval of these advanced tools marks a critical milestone in the Department’s Sustainable Insurance
Regulatory Update: CAT Models and SIS Filings Read More »
Below is a summary of key bills tracked by PIFC during this legislative session. While some were signed into law, others did not advance. However, as this is the first year of the two-year session, those bills may still be considered in 2026 as “two-year bills.” The California Safe Homes Act (AB 888, Assembly Member
Bill Rundown-End of Session 2025 Read More »
Senate Bill 354 (Limon) is an extensive overhaul of privacy and data laws in the insurance space. The goal of the bill is to increase the privacy protections to meet or exceed those in Prop 24. Also named the Insurance Consumer Privacy Protection Act of 2025, SB 354 would set new standards for how insurance
Insurance Consumer Privacy Protection Act of 2025 Read More »
Insurers use aerial imaging to assess property risks more accurately and efficiently. In recent months, legislators have voiced concerns about insurers’ use of aerial imaging in underwriting and have introduced bills to protect consumers from potential misuse. High-resolution images captured by satellites, drones, or planes allow insurers to evaluate factors such as roof condition, property
Aerial Imaging Bills Read More »
On February 14, 2025, Commissioner Lara announced that he is joining with legislative leaders to “safeguard consumers” by introducing a comprehensive legislative package aimed at protecting wildfire survivors and improving preparedness for future disasters. This package focuses on three key goals: Consumer Protection, Climate Resiliency, and Market Strength. Among the ten proposals sponsored by the
CDI Sponsored Bills Read More »
Get ready for 37 new members (13 Senators, 24 Assemblymembers) in the upcoming legislative session starting on December 2, 2024. With 30% of the Legislature being new, check out the election recap for an overall layout of the land with some additional information about the candidates! 🌟👏 PIFPAC is non-partisan, supporting the best viable candidate
2024 Election Recap Read More »
This was a positive year defeating bad ideas to come out of the Legislature. Extensive efforts on the part of PIFC lobbyists, PIFPAC members, and numerous stakeholders proved successful in defeating SB 1060 (Becker). The bill is inconsistent with both the Sustainable Insurance Strategy proposed by the Insurance Commissioner and the recently adopted CDI Safer
The March primary has concluded, and ballots were certified by April 12th. The top two candidates from each primary election move on to the general election. Leading into this election PIFC staff and PIFPAC did a lot of work vetting candidates: conducting one-on-one meetings with candidates, and candidate interviews. Check out the election results below.
On the regulatory front, CDI endeavors to execute the various regulations necessary to implement the Commissioner’s Sustainable Insurance Strategy. Following the disappointing announcement of the Complete Rate Application, which PIFC strongly opposes, CDI has announced draft regulations that would allow insurers to use forward-looking Catastrophe (CAT) modeling in their ratemaking. Since Commissioner Lara announced the
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