In this episode of "Insurance Hour," host Karl Susman sits down with Senator Alvarado-Gil at her picturesque home to discuss the California Fair Plan and the new discounts available to homeowners. They delve into the significance of these discounts, how they impact residents living in wildfire-prone areas, and the broader implications for California's insurance market. The conversation also touches on the challenges and benefits of living away from urban centers, the beauty of rural California, and the senator's insights into state policies affecting homeowners' insurance.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of "Insurance Hour," host Karl Susman delves into critical issues affecting the California insurance market. The discussion includes the latest updates on regulatory changes, the impact of natural disasters on insurance policies, and the evolving landscape of cyber insurance. Karl also addresses listeners' questions, providing expert insights into various types of insurance claims and offering practical advice for navigating the complexities of insurance coverage.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of Insurance Hour, host Karl Susman delves into the intricacies of the California insurance market. The show addresses pressing issues such as recent changes in insurance regulations, the impact of natural disasters on insurance premiums, and the rise of cyber insurance. Listeners call in with their questions, seeking advice on various insurance claims and policies. Karl provides expert insights, practical tips, and valuable information to help Californians navigate their insurance needs effectively.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of "Insurance Hour," host Karl Susman dives into the complexities of the California insurance market with special guest Benjamin McKay, CEO and Executive Director of the Surplus Lines Association of California. The discussion covers the distinction between admitted and non-admitted (surplus lines) insurance, the challenges faced by insurers due to regulatory processes like Prop 103, and the current crisis in the California insurance market exacerbated by wildfires and rising costs. McKay explains how surplus lines provide flexibility in underwriting unique and high-risk policies that standard insurers avoid. They also touch on the Leslie list, which ensures the financial stability of surplus lines insurers, and the importance of managing California's forests to mitigate wildfire risks.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of Insurance Hour, host Karl Susman dives into the complexities of the California insurance market, focusing on the challenges and changes facing homeowners. He begins by addressing the difficulty Californians face in obtaining homeowners insurance due to the state's high-risk environment and lack of competition among insurance providers. Karl introduces the California Sustainable Insurance Strategy proposed by Insurance Commissioner Ricardo Lara, which aims to modernize and expedite the insurance approval process. The strategy includes creating a more efficient checklist for insurance carriers, allowing for reinsurance costs in rate calculations, and implementing catastrophe modeling for better risk assessment. Karl emphasizes the importance of these changes in fostering a competitive market and lowering insurance premiums. He also discusses misinformation surrounding these regulations and stresses the need for accurate information to make informed decisions.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of "Insurance Hour," host Karl Susman delves into the history and impact of Proposition 103 on California's insurance industry. He begins by setting the scene in the 1980s, discussing the economic and social climate that led to the creation of this landmark regulation. Susman explains the initial goals of Proposition 103, which included reducing insurance premiums and increasing oversight of the industry. He provides a detailed analysis of the proposition's key provisions, including the mandatory 20% rate reduction and the establishment of an elected insurance commissioner.

The show also explores the broader implications of Proposition 103, including its effects on the insurance market, such as the exodus of some insurance carriers from California and the challenges of maintaining profitability under the new regulations. Susman highlights the ongoing amendments and changes to the proposition over the years, illustrating how it has evolved to address new challenges and clarify initial ambiguities. He concludes with a discussion on the current state of the insurance industry in California and the potential future of Proposition 103, emphasizing the need for a balance between consumer protection and a healthy, competitive insurance market.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of "Insurance Hour," host Karl Susman dives into the intricacies of a new trailer bill proposed by Governor Gavin Newsom, which aims to address the chaos in California's insurance industry. The bill is part of the Sustainable Insurance Strategy, designed to update outdated regulations and strengthen consumer protections. Karl discusses the bill's implications, debunks misinformation from certain consumer groups, and emphasizes the urgent need for regulatory reform to stabilize the insurance market in California. Additionally, he highlights the challenges and opportunities in the current insurance landscape and encourages public participation in the ongoing dialogue.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

Show Summary

In this episode of “Insurance Hour,” host Karl Susman delves into the intricacies of how insurance works, exploring the foundational concepts and modern practices of the industry. Karl discusses the importance of diversification, investment strategies, and reinsurance to ensure insurance companies have enough funds to cover claims. He explains the historical roots of insurance, using Abraham Lincoln’s log cabin as an example, and provides insights into how companies manage risks and prevent losses. The episode also covers the role of state-run programs for high-risk insurance and the importance of loss prevention for both insurers and consumers.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com

In this episode of "Insurance Hour," host Karl Susman sits down with Dennis Beaver, an experienced civil litigation attorney, to discuss the intersection of law and insurance. They delve into the common pitfalls consumers face when dealing with personal injury claims and the importance of selecting the right attorney. Beaver highlights the dangers of "personal injury mills," law firms that prioritize quick settlements over client welfare, often leading to inflated medical bills and abandoned cases. The discussion emphasizes the value of hiring local, reputable lawyers and avoiding firms with aggressive advertising tactics. Additionally, they touch on the broader impact of frivolous claims on insurance premiums and the critical importance of honesty in insurance claims.

Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television stations such as ABC, CBS, Spectrum, The CW and FOX, and now his popular radio program is syndicated TO OVER 30 MILLION LISTENERS throughout California.

Listeners can now tune in to Insurance Hour on great AM radio stations throughout the state of California.

In addition to traditional radio, Insurance Hour is available on several popular streaming platforms, ensuring that listeners can access the show at their convenience.

Audiences worldwide can now enjoy Insurance Hour at InsuranceHour.com, on YouTube, Amazon Music, Tuneln, Alexa, Apple Podcasts, and the iHeartRadio app.

For more information about "Insurance Hour" and its programming, please contact Lara Starr at pr@insurancehour.com