Commissioner Lara announces appointments to the CIGA Board of Governors
News: 2023 Press Release
SACRAMENTO, Calif. — Insurance Commissioner Ricardo Lara today, in an effort to help drive forward the California Department of Insurance’s mission to protect consumers, announced the appointment of Heather Pierce, Assistant Vice President and Actuary of State Farm, as well as the reappointment of Andrew Chick, President and CEO of Lawyers’ Mutual, to the California Insurance Guarantee Association (CIGA) Board of Governors.
“I am pleased to announce these appointments to the CIGA Board of Governors,” said Commissioner Lara. “With their extensive knowledge and experience, I am confident they will both greatly contribute to the success of the board, ensuring the guarantee association remains a strong safety net protecting Californians from loss. Their advice and diverse perspectives are critical to our work protecting consumers across our state through preserving a robust and healthy insurance industry in California.”
The CIGA Board of Governors oversees the guarantee association’s general operations and management in order to protect policyholders in the event of an insurance company insolvency. Established in 1969 by the Governor and California State Legislature, CIGA comprises all insurance companies admitted to sell homeowners, workers’ compensation, automobile, and other specified property and casualty lines of insurance in California.
The next CIGA Board of Governors meeting will be held on May 3, 2023. More details are available at: www.insurance.ca.gov/boards. These positions are uncompensated.
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CIGA appointed members:
Heather Pierce is Assistant Vice President and Actuary for State Farm. She is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and is also a member of the Insurance Institute for Business and Home Safety (IBHS) Research Advisory Council. Pierce joins the CIGA Board of Governors as the representative of State Farm in a member insurer seat with a term ending on December 31, 2023.
Andrew Chick is President & CEO of Lawyers’ Mutual Insurance Company. He is a member of the Care West Insurance Company Board of Directors and a member of the National Association of Bar Related Insurance Companies Board of Directors. Chick has been reappointed to the CIGA Board of Governors as the representative of Lawyers’ Mutual in a member insurer seat with a term ending on December 31, 2023.
Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.