Give me a solution, not just a problem

Insurance Hour with Karl Susman

In this episode, Karl Susman discusses the current insurance crisis in California, particularly related to property insurance. Key points made are:
Wildfires and extreme weather events are causing billions in insurance losses nationwide, with California being heavily impacted. Insurance companies are paying out significantly more in claims compared to past years.
In California, many insurance companies have pulled out of the market or severely restricted what they will insure due to the inability to properly price risk and make a profit. This has led to less competition and higher premiums for consumers.
Current insurance regulations in California limit the factors companies can use to price risk. Some regulations intended to help consumers may actually be leading to higher overall premiums.
Suggested solutions include updating regulations to allow more granular risk assessment by insurers, implementing mitigation discounts for properties that complete wildfire hardening, and educating consumers on preventative measures. The goal is to make the marketplace attractive for insurers to return while also benefiting consumers.
There is no simple solution, but stakeholders must work together to enact meaningful reforms that address the realities of the current environment in California.
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 available online throughout California and world-wide.
Listeners can now tune in to Insurance Hour on great AM radio station KMET 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 [e-mail]