For the past few years, the Legislature has been interested in topics related to artificial intelligence (AI) and algorithmic decision making. This largely stems from the rapid advancements seen in technology sectors (i.e. Google Gemini, and Open AI’s Chat GPT). There have been more than 40 bills introduced on the topic of AI this year. […]
Artificial Intelligence Read More »
The Legislature is in the second and final year of the 2023-2024 legislative session. This year, a total of 2,124 bills were introduced by the February 16 bill introduction deadline. Bills are now being heard in their first house policy and fiscal committees. PIFC is tracking dozens of bills that could potentially impact the insurance
Legislative Update Read More »
On Monday, October 9, the Assembly Insurance Committee held a joint hearing with the Assembly Select Committee on Wildfire Prevention. The hearing was held in Santa Rosa, CA. The purpose of the hearing was to focus on wildfire risk and resiliency, and whether those two factors can lead to insurance market recovery. Assembly Insurance Committee
Joint Hearing Insurance and Select Committee on Wildfire Prevention Read More »
On Thursday, September 28, the California Department of Insurance (CDI) held a second workshop on the topic of catastrophe modeling. CDI started off with a brief presentation regarding the path that led to this second workshop. They highlighted a few observations on public input from the first workshop that focused on (1) appropriate degree of
Second Catastrophe Modeling Workshop Read More »
PIFPAC agents quickly and successfully organized around a recent issue we identified in the Rural Caucus of the California Democratic Party (CADem). The Caucus proposed adding to the CADem platform: “Prevent insurance companies from cancelling or declining to offer homeowner, property, and fire insurance policies, and bolster the state-funded insurance of last resort (e.g. FAIR
PIFPAC Wins at CADem Rural Caucus! Read More »
On March 1 and March 7, the California Senate and Assembly conducted separate Informational hearings on the state of the insurance market in California. PIFC had the opportunity to testify on behalf of the insurance industry at both hearings. Other speakers included residents from high fire risk areas that have been impacted by the insurance
Insurance Committee Informational Hearings Read More »
AB 478 (Connolly) Wildfires: insurance: This bill would prohibit non-renewals for homeowners over the age of 65 in high fire and very high fire severity zones. It would also prohibit an increase on the annual premiums of homeowners over the age of 65 in those areas by more than 25% and limits their premium increases
Bill Status Report-End of Session 2023 Read More »
Though not all of our preferred candidates made it across the finish line, we are confident in facilitating lasting positive working relationships with every elected official in the State Capitol. Take a closer look at each of the races PIFPAC was engaged in below. PIFPAC Win – SD 4 – Amador County PIFC supported charter
2022 General Election Rundown Read More »
Though just a fraction of the races we are involved with going into the Fall, the ones identified below are a good representation of the types of races PIFPAC is involved in. Polling is extremely tight in each district and candidates on both sides are sure to be well funded. Senate District 10– This seat
Key Races to Watch Read More »
Collaboration Gets Results: PIFC worked closely with the Consumer Attorneys of California to pass a two-bill package to address insurance and litigation reform. Governor Newsom recently signed both bills into law. SB 1155 (Caballero) – Creates new law that settlement demands remain open for 30 business days prior to the filing of litigation and must
2022 Legislative Snapshot Read More »
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