Insurance Commissioner Lara announces statewide appointments to advance consumer protection mission

news: 2022 press release

Sacramento, Calif. – Insurance Commissioner Ricardo Lara today announced five re-elections to the California Organized Investment Network (COIN) Advisory Council and one re-election to the Advisory Committee of the california auto assigned risk plan (caarp).

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“Protecting consumers and addressing inequality are top priorities for our department,” said Commissioner Lara. “I am confident that these appointees will fulfill their continuing charge of providing their advice and diverse perspectives to continue building a competitive insurance industry in California that better serves consumers.”

the california organized investment network (currency) was established in 1996 within the department of insurance to guide insurers in making financially sound investments that produce environmental benefits throughout california and social benefits within underserved communities of the condition. Commissioner Lara has prioritized investments in currencies that boost affordable housing, support small businesses during this pandemic, combat climate change, and encourage investors to use a variety of investment managers. The Coin Advisory Board provides guidance to the Commissioner and the Coin Program in meeting their mission and top priorities.

The California State Legislature created CAARP to provide automobile insurance to motorists who are unable to obtain coverage in the private market due to their driving record or other extraordinary circumstances. One program within the plan, the California Low Cost Car Program, aims to provide affordable liability insurance to income-eligible, good drivers by matching them to private insurers based on the companies’ share of the insurance market. car insurance. caarp’s advisory committee provides policy advice to commissioner lara on matters affecting the operation of its programs.

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The next caarp advisory committee meeting will be held on Wednesday, August 24, 2022 and the next coin advisory council meeting will be held on Thursday, August 11, 2022. More details are available at: www .insurance.ca.gov/dashboards. caarp advisory committee members receive $250 per meeting and coin advisory council positions are unpaid.

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media notes:

newly appointed members:

coin advisory board:

ophir bruck is a senior director and esg specialist at s&p global sustainability,1 the central source of sustainability intelligence for s&p global. Prior to his current role, Bruck led signatory relations and strategic initiatives in western North America for the United Nations-backed Principles for Responsible Investment (PRI), the world’s leading advocate for responsible investment . bruck has been re-elected to the coin advisory council as a representative experienced in seeking investments that provide environmental benefits, with a term of office that expires on July 12, 2024.

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stephanie chan is chief investment officer for the state compensation insurance fund (scif), where she is responsible for managing scif’s $20 billion investment portfolio, as well as treasury and financial operations. investment. In 2019, she received her credential as a Chartered Financial Analyst, the highest distinction in the investment management profession. prior to working at scif, chan had several years of auditing and public accounting experience working at the california state audit office as a senior auditor. chan has been re-elected to the currency advisory board as insurance investment executive, with a term ending July 12, 2024.

ginger hitzke is president of hitzke development corporation. hitzke has 25 years of experience in the economic development field, specializing in affordable rental housing, including permanent supportive housing on transit-oriented sites. In addition to building and operating her real estate portfolio, she is an advocate for stronger tenant protections and anti-eviction policies. Hitzke has been re-elected to the Currency Advisory Council as an Economic Development Practitioner, with a term ending July 12, 2024.

jennifer mcelyea is founder and managing partner of ethos real estate, an investment firm that is reinventing the relationship between housing, communities and capital. McElyea has been re-elected to the Coin Advisory Board as an Affordable Housing Practitioner, with a term ending July 12, 2024.

thomas connell (mcelyea) wilson iii is chief investment officer of napa-based group the doctors company (t.c.), the largest provider of medical malpractice insurance, claims and risk management services in the country owned by doctors. and innovative solutions for the practice of health care. Wilson directly oversees the company’s $6 billion investment portfolio, is chair of the 401k committee, and is treasurer of the tdc foundation. As a mission-driven company, TDC Group has been a long-time advocate for coins. Under Wilson’s leadership, TDC has formally adopted a policy that requires the firm to allocate at least 1% of its total invested assets to coin-rated strategies. Wilson has been re-elected to the Currency Advisory Council as Insurance Investment Executive, with a term ending July 12, 2024.

tdc advisory committee:

nona caarp miranda has owned and operated a state farm insurance agency for the past 13 years in claremont. Tirre Miranda received State Farm’s Top 100 New Agents in the U.S.A. Award, then-State Assemblywoman Norma Torres’ Woman of the Year Award in 2012, and then-State Senator Gloria’s Small Business of the Year Award. tirre negrete in 2011. she serves as treasurer of claremont’s rotating board of directors and was a board member of the young women’s christian association (ywca). Mcleod Miranda has been re-elected to Tirre’s advisory committee as Producer Representative, with a term ending July 12, 2023.

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