COIN News

California Commissioner Launches Diversity Initiative, Names COIN Board Members

California Insurance Commissioner Ricardo Lara on Wednesday announced the launched an “Invest in Our Diverse Communities” initiative to identify diverse woman-, veteran-, LGBTQ, Latinx, Asian Pacific Islander, Black, and Native American-owned investment managers who can guide investments made by insurers …

California Commissioner: Impact of COIN Investments Estimated to Reach $29B

California Insurance Commissioner Dave Jones on Thursday issued a report today detailing the progress of the California Organized Investment Network during his administration. COIN is a program within the California Department of Insurance that sources and structures investments for insurers …

California Organized Investment Network Launches High Impact Service for Insurers

The California Organized Investment Network has launched the Impact Investment Marketplace, a portal to help facilitate high impact investments in underserved communities and environmental projects in California. The marketplace links those seeking capital for community development investments with insurers looking …

Insurer Community Investments in California Earn $10M in Tax Credits

California Insurance Commissioner Dave Jones announced $10 million in tax credits awarded to 15 insurance companies and other investors that made more than $50 million in capital investments into California’s underserved communities through the 2016 California Organized Investment Network Community …

CSAA Insurance Group Financial Leader in California Named to COIN Board

Lincoln Walworth, an investments executive for CSAA Insurance Group, has been appointed to the advisory board of the California Organized Investment Network. Since 1997, COIN has provided insurers with guidance on making investments that benefit underserved and rural communities, as …

Small Businesses Ask California Legislature to Reauthorize, Amend COIN

The Small Business Investor Alliance is throwing its support for behind a bill to reauthorize and amend the California Organized Investment Network program. Assembly Bill 2728 will reauthorize COIN and ensure that insurance companies in California continue to provide capital …

Insurers Get Tax Credits for Investments in Underserved California Communities

California Insurance Commissioner Dave Jones on Thursda announced $9.3 million in tax credits awarded to insurance companies and other investors that made more than $46.6 million in capital investments into California’s underserved communities through the second round of the 2015 …

California Insurance Commissioner Sponsored Bills Signed into Law in 2014

During the 2014 legislative session California Gov. Jerry Brown signed nine bills sponsored by the California Department of Insurance and Insurance Commissioner Dave Jones. A bill that adds protections for small businesses has already taken effect and five other consumer …

COIN Board Named

Insurance Commissioner Dave Jones on Thursday announced his appointments to the California Organized Investment Network Advisory Board. COIN guides insurer capital into what the network feels is socially responsible, environmentally sustainable and community financial investments. COIN’s investment officers lead two …

Four More Years for California’s COIN

It’ll be four more years for California’s COIN tax credit program. California Gov. Jerry Brown has signed legislation to extend the sunset date on the California Organized Investment Network’s program, which was set to expire at the end of the …