PIFC has been advocating for the adoption of telematics in California for several years, recognizing its proven success in improving driving behavior and lowering insurance costs. Usage-based insurance programs that rely on telematics are widely available in the other 49 states and in many countries. These programs create meaningful incentives for safer driving by offering […]
Safe Driver Incentives Read More »
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 »
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
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
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 »
Senate District 30 PIFC will be closely watching the race for the vacant seat in Senate District 30. This was Holly Mitchell’s seat, but Senator Mitchell will be transitioning to a new role as Supervisor in Los Angeles County. Current Assemblymember and PIFC endorsed candidate Sydney Kamlager is expected to run for Senate District 30.
Special Elections & Committee Changes Read More »
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Phone: (916) 442-6646
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