California Insurance Commissioner Ricardo Lara reappointed members Mitch Steiger and C. Bryan Little to the California Workers’ Compensation Insurance Rating Bureau Governing Committee and reappointed member Dr. Fabiola Cobarrubias to the Insurance Diversity Task Force.
The WCIRB Governing Committee sets policy, oversees WCIRB management, and reviews all issues involving pure premium rates, classifications, rating plans, rating systems, manual rules and policy, and endorsement forms. The WCIRB is a private organization licensed by the California Department of Insurance to collect, analyze and compile rating data, with funding coming from assessments of its insurance company members.
The Insurance Diversity Task Force advises the Department’s Insurance Diversity Initiative, which encourages insurers to increase procurement contracts with diverse business owners, such as woman-owned, veteran-/disabled veteran-owned, historically disadvantaged community-owned, or LGBTQ+-owned businesses, as well as advance diversity of insurance company corporate boards. The Task Force makes recommendations to the commissioner regarding ways to increase diversity within the insurance industry.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
White House Proposes Elimination of NOAA Climate Research in Budget Proposal 
Texas Oil Executives Are Frustrated at Trump for Crushing Crude Prices 
Cyber Insurance Market Size Expected to Soar: Munich Re 
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires 
