California Insurance Commissioner Ricardo Lara appointed Carolyn Wysinger as the newest member to the California Automobile Assigned Risk Plan Advisory Committee, and April Savoy, Patrick Wong, and Peter Guastamachio as members on the California Insurance Guarantee Association Board of Governors.
The governor and state Legislature created CAARP to provide auto insurance for motorists unable to obtain coverage in the private market due to their driving records or other extraordinary circumstances.
One program within the plan, the California Low Cost Auto Program, provides affordable liability insurance to income-eligible good drivers by assigning them to private insurers based upon the companies’ share of the auto insurance market.
The CAARP Advisory Committee provides policy advice to Lara on matters affecting the operation of its programs.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
NAIC Victim of Cyber Incident Via PeopleSoft System 
