The Personal Insurance Federation of California: A Leading Voice for the Property and Casualty Insurance Industry

Strategic Insights -

The state of California has long been at the forefront of trends, regulations, and legislation affecting the property and casualty insurance industry. Since the passage of Proposition 103 in 1988, the state has become a battleground for new and old ideas that impact the free enterprise precepts that allow the insurance industry to thrive and serve its policyholders. The Personal Insurance Federation of California (PIFC), formed in 1989 by State Farm Mutual Insurance Company and Farmers Insurance Group, has emerged as a leading advocate for the property-casualty insurance industry before the California Legislature.

Key Takeaways:

  • PIFC represents seven major insurance companies that write nearly one-half of all personal lines property and casualty business in California.
  • PIFC maintains a full-time professional staff in Sacramento for legislative and public education advocacy.
  • As an advocate for the insurance industry, PIFC works to explore, innovate, and expand the ability of its member companies to meet demands and needs of the state, while mitigating concepts that would be detrimental to the insuring public and industry alike.
  • PIFC provides expert testimony and information to the Legislature on insurance issues and conducts lobbying and grassroots campaigns important to the industry and the insuring public.
  • PIFC runs comprehensive public information and education campaigns statewide, produces publications on key issues, and provides expert testimony to the Legislature.
  • PIFC's staff includes experienced professionals who provide information to legislators on every aspect of personal lines property and casualty insurance.

Statistics:

  • Seven major insurance companies write nearly one-half of all personal lines property and casualty business in California. (Source: PIFC)
  • PIFC has a full-time professional staff in Sacramento for legislative and public education advocacy.
  • PIFC has conducted numerous lobbying and grassroots campaigns on behalf of the property and casualty insurance industry in the state of California.

Sources:

  • Source: Business Wire's Corporate Profile of the Personal Insurance Federation of California
  • Source: Personal Insurance Federation of California website