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Recent Articles
Why AB 1458 is Needed for California Community Associations
A Homeowner Leader Perspective and Testimony on AB 1458 (Ta) By Betty Roth, CMCA AMS LSM PCAM, Homeowner Leader, CAI-CLAC Treasurer Assembly Bill 1458 (Ta) addresses member elections and is one of CAI-CLAC’s sponsored legislative bills this year. This bill has been...
Catastrophe Modeling – Why Are We Talking About It?
Guest Blog By Kimberly Lilley, CIRMS, CMCA, EBP
On Thursday, July 13, 2023, the Department of Insurance (CDI) held a public workshop regarding catastrophe modeling and how it might be used to help with assessing risk in California. Currently, most states use catastrophe modeling to inform the rates that they charge. However, California Insurance Code section 1861.07 requires that all information used in ratemaking be disclosed to the public. Catastrophe modelers make money by developing a process that they consider to be superior so that the carriers in both the traditional and reinsurance market will purchase this information from them.
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Administrator Coordinator
Wendy Van Messel, CMCA
1809 S Street, Suite 101-245
Sacramento, CA 95811
Phone: 916-791-4750 | Toll Free: 888-909-7403
Fax: 916-550-9488 | E-mail: office@caiclac.com
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