PIFC was founded in 1989 following the passage of ballot measure Proposition 103. Since then, PIFC has worked diligently to play a leadership role in the development and passage of California state government policies to help individuals have access to personal insurance.
Ensuring Access to Homeowners’ and Earthquake Insurance
Following the 1994 Northridge earthquake, the homeowners’ insurance market had all but collapsed, threatening the ability to close home escrows. PIFC played a major leadership role in the development of the California Earthquake Authority (CEA), which ended the homeowners’ insurance crisis and, to this day, ensures that Californians have access to both homeowners’ and earthquake insurance. The CEA is now the largest earthquake insurance company in the world.
Helping Customers Understand their Auto Repair Options
PIFC was the lead proponent of AB 1200, a bill signed into law in 2009, designed to help consumers better understand their options to obtain high quality insured car repairs.
Protecting Wildfire Victims
Following the 2003 and 2007 wildfires in San Diego, PIFC worked to craft laws to better protect disaster victims. These laws guarantee that insurance companies fully serve their customers when tragedy strikes:
- Once a state of emergency is declared, additional living expenses (ALE) – which fall under a homeowners’ insurance policy – will be provided for a period of 24 months.
- No policy may be cancelled as a result of a claim for home reconstruction.
- Increased the amount of time to rebuild and still receive replacement cost.
- Created a California Residential Property Insurance Bill of Rights.
Low-Cost Auto Insurance
PIFC supported bills led to the passage and expansion of the state’s Low-Cost Auto Insurance Program. This program, now operating on a statewide basis, ensures that low-income drivers have access to auto liability insurance, reducing the number of uninsured motorists on the roads.
Tow Truck Bill of Rights
PIFC worked in conjunction with the California Tow Truck Association to pass AB 519 in 2010, which created a “Bill of Rights” for consumers who have had their vehicles towed. This measure ensures that consumers better understand their towing charges and understand the requirements for getting their cars released from tow facilities.