For almost 50 years, the Association of California Life and Health Insurance Companies has been the industry's primary voice in Sacramento. Founded in 1962, by Occidental, Pacific Mutual and Cal-West life insurance companies, ACLHIC began as the Association of California Life Insurance Companies (ACLIC) with an Executive Vice President, Lewis Keller; a secretary and a small office in Oakland. In 1995, the association's name was changed to the Association of California Life and Health Insurance Companies (ACLHIC), reflecting the increased attention paid to health and disability insurance issues.
From the start, ACLHIC's main goals have been to advance the interests and well-being of the life and health insurance industry before legislative and administrative bodies. Because trust has been established over the years, legislators and regulators know that they can rely on ACLHIC as a resource for honest and accurate information about life and health insurance issues.
ACLHIC's 36 member companies are key players representing an industry that provides more than $2.5 trillion dollars of insurance coverage to Californians, and has invested more than $517 billion in the California economy.
Additionally, insurers have invested over $8.3 billion through the California Organized Investment Network (COIN), a program managed by the California Department of Insurance to generate investments in underserved communities. This amount does not include the billions of dollars insurers invest in inner cities through their purchase of stocks and bonds.
In California, insurers paid out more than $38 billion in direct life, annuity and other payments. The industry also contributes over $2.3 billion each year to the state in the form of premium taxes. We employ close to 300,000 Californians in stable, family wage jobs and contribute generously via our charitable outreach efforts.
ACLHIC advocates key insurance issues before legislative and administrative bodies including life, annuity, health, privacy, long-term care, community reinvestment, litigation, solvency, taxation, risk classification, regulation, and insurance organization and regulation.