California Insurance Guarantee Association

The California Insurance Guarantee Association (CIGA) is a corporation based in Glendale, California. The organization employs 168 people and generates annual revenue of $50 million. CIGA fulfills its mission by providing financial support for covered claims from insolvent insurance companies in California. This coverage extends to property, casualty, and workers' compensation insurance claims. Their operations are governed by Sections §1063-1063.77 of the California Insurance Code and relevant legal precedents. CIGA acts as a safety net for policyholders who find themselves in the unfortunate situation of dealing with an insolvent insurance provider. Their primary function is to ensure that valid claims are paid out, even when the issuing insurance company is unable to meet its financial obligations. For more information about CIGA and their services, please visit their website at ciga.org.