Flash Report: CIGA Off The Hook Now It’s Fremont Indemnity

In a last ditch effort to promote a bad precedent in the guise of worthy cause, the Assembly Insurance Committee today amended SB 574 to require, not CIGA, but the estate of Fremont Indemnity to extend a loan of up to $8 million to some 67 school districts to cover the long tail liabilities left over from their self insurance programs. It is a case of legislative write a bill that looks like cheddar but is really swiss so it doesn't look like it smells as bad to the public. Worse yet, a ke