California Legislator: Feds Will Step Up Involvement in Insurance Industry

“Listen to me now, understand me later.”

State Sen. Juan Vargas, D-San Diego, gave a well-received Arnold Schwarzenegger impression, chest heaving and heavy on the former California governor’s thick Austrian accent.

Vargas, a former president of external affairs for Safeco Insurance and formerly vice president of corporate legal for Liberty Mutual Group, on Tuesday discussed his experience in state Legislature working for worker’s compensation reform, his current bid for Congress and government oversight of the insurance industry at the IBA West Annual Meeting and Installation of Officers luncheon in San Diego.

Vargas, who served from 2000 to 2006 on the Assembly Insurance Committee, and was part of a bi-partisan coalition to implement workers’ compensation reform, delivered the keynote address at the event.

Also speaking were IBA lobbyist John Norwood, who also represents the California Insurance Wholesalers Association, and IBA West Senior Vice President Steve Young. The two gave a dual presentation on health exchanges.

Installed as 2012 officers of IBA West Inc. during the luncheon were: Steven Shea as president; Tabb Randolph, president-elect; Kenneth Turknette, secretary treasurer; Richard Dinger, IIBA director; and Clark Payan, CEO. Kerry Morris was installed as IBA West Service Corp. Inc.’s chairman, Payan was installed as president and Jim Cross was

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