WALNUT CREEK, Calif., January 27, 2016 – Jeff Huebner, vice president of treasury for CSAA Insurance Group, a AAA Insurer, has been appointed to serve as the chairman of the Board of Governors for the California Insurance Guarantee Association (CIGA).
“As board vice chairman, Jeff has provided extremely helpful insight into CIGA’s financial investments and operations, which have led to very positive changes that will benefit all Californians,” said Wayne Wilson, executive director of CIGA. “Jeff provides CIGA with invaluable counsel and direction, and we are grateful that he accepted the role of chairman for the Board of Governors.”
Established by the California Legislature in 1969, CIGA provides insurance for more than one hundred member companies. CIGA administers and pays covered claims for insolvent property and casualty carriers, using member company premiums and state-managed security deposits to settle outstanding claims.
“By stepping in to provide insurance coverage when insurers are unable to meet their legal obligations, the California Insurance Guarantee Association provides an important safety net for policyholders,” said Huebner. “Since its inception in 1969, CIGA has paid losses and return premiums in excess of $8.1 billion to tens of thousands of consumers, and on behalf of all Californians, I look forward to continuing my voluntary service as CIGA board chair.”
Huebner joined CSAA Insurance Group in 2001 as manager of risk finance and captive operations, and currently oversees an insurance and pension assets investment portfolio of $7 billion. Huebner also serves on the board of directors for Junior Achievement of Northern California, as well as the board of directors of AAA Life Insurance Company.
About California Insurance Guarantee Association (CIGA)
Since 1969, CIGA has assumed responsibility for over 100 insolvent Member Insurers, providing more than $7 billion in covered claims. CIGA pays and discharges covered claims through its employees as well as through various Third Party Administrators. For information about CIGA visit www.ciga.com.
About CSAA Insurance Group
CSAA Insurance Group, a AAA Insurer, offers automobile, homeowners and other personal lines of insurance to AAA members through partnerships with AAA clubs in 23 states and the District of Columbia. Founded in 1914, CSAA Insurance Group is rated A+ by A.M. Best and is one of the top 20 personal lines property casualty insurance groups in the United States according to the National Association of Insurance Commissioners. The company was also named one of the 50 most community-minded companies in America by Points of Light in 2014.