New Insurance Producer Association Forms in California

May 28, 2010

A new nonprofit insurance producer association has formed in California. The Insurance Agents & Brokers Association of California said it is unlike any producer association in the state as it will be completely managed by fellow agents and brokers.

The association is promising to be an “aggressive advocate” for the agents and brokers trying to do business in California, both independent and captive, and will “aggressively seek legislative or legal remedies when necessary for the common good of its members and their customers.”

IABAC said it is not a managing general agency or aggregator that will compete with its carrier partners.

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