AB226 — Supported as a bill that would give the Fair Plan access to more credit and financial tools.
Cottie Petrie-Norris — Assemblywoman Cottie Petrie-Norris thanked the Chair and Commissioner Lara, praised the response to the insurance crisis, and then asked a series of related questions about the implementation of the sustainable insurance strategy, including what the upcoming milestones are and when the strategy will be completed.
Cottie Petrie-Norris — The speaker says they told Assemblywoman Petrie-Norris the department is ready and has the resources to process new rate filings.
Liz Ortega — Liz Ortega thanked the Commissioner, referenced prior committee discussions about the worst-case scenario, and followed up on Fair Plan modernization and recoupment. She asked when the recoupment would take effect and how much it would cost constituents, and the response later acknowledged her concern about the impact on future bills and constituent costs.
Liz Ortega — Cited as having asked a critical question about whether the Fair Plan can handle multiple catastrophes.
Dawn Addis — Assemblywoman Addis thanks the Commissioner and asks about what homeowners and renters will experience differently now.
Sarah and Taylor — Spoke on behalf of the Personal Insurance Federation of California during public comment.
Denny Ritter — Testified on behalf of the American Property Casualty Insurance Association and expressed appreciation for the committee's work.
President and CEO of the California Building Industry Association — Expressed appreciation to the Chair and said the insurance crisis has halted condo construction in California.
David Alvarez — Recognized as a co-sponsor/co-author of AB 226 addressing the Fair Plan's financial strength.
John Norwood — Spoke on behalf of the Independent Insurance Agents and Brokers of California and thanked the Department of Insurance and the committee.
Lisa Calderon — As Chair, she thanks the speaker and asks how intervener compensation is determined.
Lisa Calderon — Addressed as Madam Chair.
Lisa Calderon — The speaker refers to 'Assemblymember Calderon's bill' as important, indicating support for Calderon's legislation.
Greg Wallis — Addressed as 'Mr. Vice Chair' while the speaker discusses accountability and timelines.
John Harabedian — The commissioner thanked Assembly Member John Harabedian for partnering on the Eaton Fire issue and flagging trouble patterns.
Lisa Calderon — Addressed as 'Madam Chair' while the speaker discusses accountability and timelines.