Poizner Auditing CIGA and Imposing Changes to Operational Plan

The more California regulators and lawmakers work to fix problems at the California Insurance Guarantee Association (CIGA), the more problems they find to fix.California Insurance Commissioner Steve Poizner announced a four-point program yesterday for investigating allegations of improper management and instituting internal controls at CIGA, the state-created association of state insurers formed to pay claims of insolvent insurance companies.In February, it was revealed that an independent audit that CIGA Manager Wayne Wilson says was suggested by the financial management company KPMG - b...