CIGA Bonding Simplification, High Heat Study Bills Heading to Governor

California lawmakers voted to send the governor bills creating a panel to study the economic and occupational impacts of high heat and simplify the procedure for the state’s backstop against insolvent insurers to request bonds to pay for claims. The Assembly on Thursday unanimously concurred in amendments made to AB 1643 and AB 2154 while the measures were in the Senate. AB 2154, by Assemblyman Ken Cooley, D-Rancho Cordova, aims to simplify the bonding authority for the California Insurance Guarantee Association. The bill would provide a statutory mechanism for CIGA to impose a s...