51. Rex Frazier
The traditional fights between insurers and lawyers that for years drew so much attention in Sacramento are still around – they’ll never really go away. But a new reality for insurers is figuring risks on future wildfires and other disasters that are increasingly linked to climate change and housing density. That means bigger challenges for insurers and that’s where Rex Frazier comes in. The canny Frazier is president of the Personal Insurance Federation of California, representing a half-dozen heavy hitters: State Farm, Progressive, Liberty Mutual, Mercury, Farmers and Nationwide. Those companies sell a lot of coverage in California, and they have a lot to protect. Frazier’s job is to protect them, and he does that in part by supporting political candidates of either major party who he thinks will give his industry a fair shake when it comes to legislation and regulations. Frazier, who has graduate and undergraduate degrees from the University of Chicago, has a law degree from McGeorge School of Law and has served there as an adjunct professor.
Updated Aug. 11, 2o20