SACRAMENTO — Insurance Commissioner Ricardo Lara on Wednesday, March 6 announced several appointments to help advance the California Department of Insurance’s vision of insurance protection for all Californians.
Filipina American Imelda Alejandrino was reappointed to the Insurance Diversity Task Force, along with Linda Akutagawa, Annalisa Barrett and Cecil Plummer. Other appointments include naming Ronald Coleman Baeza as the newest member of the California Life and Health Insurance Guarantee (CLHIGA) Board of Directors, Samantha Tradelius as the newest member of the Curriculum Board, reappointed members Andrew Chick and Heather Pierce to the California Insurance Guarantee Association (CIGA) Board of Governors, reappointed member Debra Gore-Mann to the California Organized Investment Network (COIN) Advisory Board, and reappointed member Jeremy Smith to the California Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee.
Alejandrino, who is the youngest of nine children of immigrants from the Philippines, was first appointed to the Insurance Diversity Task Force in 2020, with subsequent reappointments in 2022 and on Wednesday. She is the CEO and creative director for AP42 Integrated Marketing, a company that has worked with countless leading brands and businesses, including LeapFrog, Roche, Genesys, Chevron, Wells Fargo, Jelly Belly Candy Company, Pacific Bell/SBC, San Francisco Opera, Cisco, Siemens, PG&E and Westin Century Plaza.
According to LinkedIn, Alejandrino’s other volunteer work includes positions within the Leadership Forum Chairperson Global Service Team and the San Ramon Arts Foundation Event Planning and Marketing division. Additionally, she is a parent volunteer on the Special Needs Committee and the Community Advisory Committee for the San Ramon Valley School.
“These appointments underscore our commitment to protecting consumer interests and promoting a robust insurance industry in California,” said Commissioner Lara. “The expertise and diverse viewpoints of these appointees will help complement our efforts to ensure a competitive and sustainable insurance market, ultimately benefiting consumers and businesses statewide.”
CLHIGA consists of all insurance companies licensed to sell life and health insurance, and annuities in California, and it protects certain policyholders against a company’s financial failure. The Board of Directors is responsible for the overall oversight of CLHIGA, which includes approving contracts and reinsurance treaties, authorizing assessments, borrowing money, taking legal actions, and serving on committees that oversee audit and investment functions. The Board consists of up to thirteen member insurers who are selected by the board members and are subject to the approval of the Commissioner. AB 1104 (Chapter 236, Statutes of 2019) added two additional members to the board who represent the public generally and are appointed directly by the Commissioner.
The Curriculum Board oversees the development of pre-licensing and continuing education curriculum for agents and brokers to uphold professional standards that protect consumers. This includes a list of preapproved courses of study as well as courses of study for professional designations. This Board also develops standards for providers and instructors who offer courses and other training to licensed agents and brokers.
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 California Organized Investment Network (COIN) was established in 1996 within the Department of Insurance to guide insurers on making financially sound investments that yield environmental benefits throughout California and social benefits within the State’s underserved communities. Commissioner Lara has prioritized COIN investments which drive affordable housing, support small businesses, combat climate change, and encourage investors to utilize diverse investment managers more. The COIN Advisory Board provides guidance to the Commissioner and the COIN program to meet its mission and chief priorities.
The Insurance Diversity Task Force oversees the Department’s Insurance Diversity Initiative, which encourages insurers to advance diversity of insurance company corporate boards and increase procurement contracts with diverse businesses owned by women, veterans and disabled veterans, members of historically disadvantaged communities, and LGBTQ+ people. Additionally, the Task Force makes recommendations to the Commissioner regarding innovative ways to increase diversity within the insurance industry. Last year, Commissioner Lara introduced the first-ever Insurance Diversity Index, a groundbreaking benchmarking tool for a more inclusive insurance industry.
The WCIRB Governing Committee sets policy, oversees WCIRB management, and reviews all issues involving pure premium rates, classifications, rating plans, rating systems, manual rules and policy, and endorsement forms. The WCIRB is a private organization licensed by the Department for the purpose of collecting, analyzing, and compiling rating data, with funding coming from assessments of its insurance company members. All workers’ compensation insurance companies in California are required by law to be members of the WCIRB.
The next CLHIGA Board of Directors meeting will be held on May 7, 2024, the next Curriculum Board meeting is July 18, 2024, the next CIGA Board of Governors meeting is May 7 and May 8, 2024, the next COIN Advisory Board meeting is March 14, 2024, the next Insurance Diversity Task Force meeting was scheduled for March 7, 2024, and the next WCIRB Governing Committee meeting is April 17, 2024.
More details are available at: www.insurance.ca.gov/boards. All positions are uncompensated. n
