Shows
Insurance Hour with Karl SusmanAssemblyman Heath Flora Talks AB 637 & AB 1354 - Keeping You Safe & Saving You MoneySummaryThe episode covers a discussion between host Karl Susman and Assembly member Heath Flora about two significant California insurance bills. The first bill, AB 637 (Deceptive Disaster Relief Advertising Act), requires disclosure from for-profit entities soliciting business after disasters. Flora, drawing from his 15-year firefighting experience, explains how this bill addresses issues with 'ambulance chasers' who exploit disaster victims. The second bill, AB 1354, would allow Californians to deduct insurance premium increases from their taxes between January 1, 2025, and January 1, 2030. Flora discusses how Proposition 103's artificial suppression of insurance rates for 30 years has led to the current crisis, with...2025-04-1153 minInsurance Hour with Karl SusmanDaniel Berlant - California State Fire Marshal - How to Fireproof Your Home Before It’s Too LateSummaryThe video covers an interview on Insurance Hour hosted by Karl Susman with special guest Daniel Berlant, who was appointed as State Fire Marshal by Gavin Newsom in October 2023. The discussion focuses on wildfire prevention, protection, and response in California. Berlant shares critical insights about home hardening, defensible space, and the new concept of 'zone zero.' He reveals that 95% of wildfires are caused by human activity, with only 5% caused by natural events like lightning. The conversation covers the evolution of fire behavior over the past decade, with Berlant noting that summers in California are now 70...2025-03-2853 minInsurance Hour with Karl SusmanSenator Ben Allen - S.B. 495 - Eliminate the List - – A New Law Could Change Everything!SummaryThe video covers an episode of Insurance Hour hosted by Karl Susman, featuring an interview with California State Senator Ben Allen about proposed insurance legislation. The main focus is on SB 495, known as the 'Eliminate the List Act,' which aims to remove the requirement for total loss victims to provide itemized lists of lost contents when filing insurance claims. Senator Allen explains how this legislation was inspired by constituents' struggles following recent wildfires in the Palisades and Altadena areas. The discussion also covers broader insurance industry challenges in California, including market sustainability, climate change impacts...2025-03-2153 minInsurance Hour with Karl Susman10 New Insurance Laws That Will Change Everything!SummaryThe video covers a detailed discussion by host Karl Susman on Insurance Hour about 10 new potential insurance laws being debated in Sacramento, California. The host analyzes each proposed legislation, focusing particularly on wildfire-related insurance reforms. Key topics include the California Safe Homes Act, Business Insurance Protection Act, and various other measures aimed at improving insurance accessibility and consumer protection. Susman provides detailed pros and cons for each proposed law, emphasizing their potential impact on both insurers and consumers. He notably mentions that the recent wildfires will be the most expensive disaster in U.S. history, and...2025-03-1453 minInsurance Hour with Karl SusmanINSURANCE CRISIS: Why Your Premiums Are Skyrocketing and What You Can Do!SummaryThe video covers a comprehensive discussion about insurance issues related to recent California wildfires, hosted by Karl Susman. The host addresses multiple aspects of wildfire insurance claims, including how to handle total loss situations, smoke damage claims, and the California Fair Plan. Key points include the estimated $50 billion in claim costs, the process for accessing federal disaster assistance through FEMA and SBA, and the current state of the insurance industry in California. Susman emphasizes that insurance companies have been losing money in California for over a decade, paying out more in...2025-03-0753 minInsurance Hour with Karl SusmanClaim DENIED?! The TRUTH About Insurance After a Disaster!The video covers a detailed discussion about insurance claims and recovery processes following California wildfires, hosted by Karl Susman on Insurance Hour. He provides comprehensive guidance on various aspects of the insurance claim process, from initial filing to long-term recovery. Key topics include how to start insurance claims, documentation requirements, coverage for additional living expenses (with extended coverage mandated to 24 months by the Department of Insurance), handling smoke damage claims, and safety considerations when returning to damaged properties. Susman emphasizes the importance of professional assessment for smoke damage and warns against self-remediation of damaged items. He also discusses financial...2025-02-2853 minInsurance Hour with Karl SusmanLos Angeles Wildfire Victims Targeted by Scammers—Don’t Fall for These Traps!2025 02 14 - The video covers a special episode of Insurance Hour hosted by Karl Susman focusing on scams and fraud targeting California wildfire victims. Broadcasting from a bunker rather than the studio, Susman details various fraudulent schemes emerging in the wake of the 2025 California wildfires, which he describes as potentially the largest natural disaster in U.S. history. He warns about common scams including fake government assistance offers, fraudulent contractors, price gouging in rental properties (some marking up prices 600% above normal), phony utility bill collections, and storage service scams. Throughout the episode, Susman emphasizes the importance of verification and due...2025-02-2153 minInsurance Hour with Karl SusmanCalifornia Wildfires & Insurance: Are You Covered or Scammed?SummaryThe video covers a detailed discussion about California wildfires and insurance implications, hosted by Karl Susman on Insurance Hour. The host provides critical information about consumer protections, including protection against non-renewal for 12-24 months in wildfire-impacted areas. He warns about numerous scams targeting wildfire victims, including fraudulent contractors demanding upfront deposits and fake federal assistance offers. Susman explains that legitimate federal assistance is available through disasterassistance.gov, with FEMA offering grants up to $100,000 and SBA providing loans up to $2 million at 4% interest over 30 years. The host also discusses the California insurance market crisis, explaining how regulatory...2025-02-1453 minInsurance Hour with Karl SusmanCalifornia’s Most EXPENSIVE Disaster Ever – How It Affects YOU!2025 02 07 - The video covers a detailed discussion about the California wildfires and their widespread impact, hosted by Karl Susman on Insurance Hour. Karl emphasizes that these wildfires may be the most costly disaster in U.S. history. He discusses various aspects including insurance claims processes, the California Fair Plan, and emerging scams targeting victims. Key points include the indirect economic impact on service workers and businesses in affected areas, the role of reinsurance in global premium impacts, and the challenges faced by the California Fair Plan in handling the volume of claims. Karl particularly warns about various scams targeting...2025-02-0753 minInsurance Hour with Karl SusmanFOX 11 News IN DEPTH - Karl Susman Talks LA Wildfire Damage & Insurance Challenges AheadAn in-depth discussion on Fox 11 News between host Hal Eisner and insurance expert Karl Susman about the unprecedented wildfire crisis in Southern California and its insurance implications. The conversation addresses multiple aspects of the crisis, from immediate response to long-term implications. Karl Susman, owner of Susman Insurance Agency, provides detailed insights about insurance claims processes, potential scams, and the future of insurance in California. Key points include the importance of maintaining existing insurance policies, the role of the California Fair Plan, and the impact on both property and auto insurance rates. Susman notes that insurance companies are processing claims...2025-02-0320 minInsurance Hour with Karl SusmanSurviving the Flames: Insider Tips for Real Estate & Insurance in Crisis Zones!This episode of Insurance Hour hosted by Karl Susman featuring special guest Debbie Bremner, a real estate expert with 48 years of experience in Los Angeles and Ventura County. The discussion focuses on the impact of California wildfires on the real estate market. Key topics include market dynamics, where Bremner notes that inventory has significantly decreased while demand remains high, potentially causing short-term price increases. She discusses consumer protections against price gouging, noting a $10,000 penalty and possible one-year prison sentence for violators. The conversation also covers mortgage lending impacts, with Bremner explaining that a moratorium has been placed on financing...2025-01-3153 min
California InsiderHow Insurance Companies Are Handling LA Fire Losses | Karl SusmanKarl Susman, an insurance expert, explains the realities of wildfire insurance in California, from payout delays to rising costs. With entire communities affected, homeowners face tough decisions—rebuild, relocate, or cut losses. Susman reveals what’s really happening with claims, policies, and the future of insurance in high-risk areas.*Views expressed in this video/article are opinions of the author and do not necessarily reflect the views of The California Insider.2025-01-2535 minInsurance Hour with Karl SusmanInsurance Secrets Revealed: How to Save Big and Protect What Matters Most!In this episode of Insurance Hour, Karl Susman addresses a wide range of insurance-related questions from listeners. Topics include managing deductibles to lower premiums, deciding whether to place a teen driver on their own auto insurance policy, understanding the necessity of flood and earthquake insurance, and clarifying the differences between term and whole life insurance. Karl also emphasizes the importance of umbrella policies for liability protection and renters insurance for safeguarding personal property and liability. Additionally, the episode highlights high-risk auto insurance options and strategies for reducing rates over time. Sponsored by GeoVera, the show offers actionable insights for...2025-01-2453 minInsurance Hour with Karl SusmanThe Good, The Bad, and The Ugly of Life Insurance: Truth Bombs You Need to Hear!In this episode of Insurance Hour, host Karl Susman delves into the complexities of life insurance, offering an informative and balanced perspective without a sales pitch. The discussion covers the basics, history, and different types of life insurance policies, such as term, whole life, and universal life. Key topics include the pros and cons of life insurance, its primary purposes like income replacement and estate planning, and practical advice for selecting the right policy. Karl also highlights common myths, ethical concerns, and the importance of tailoring insurance to individual needs.Listeners gain insights into how...2025-01-1753 minInsurance Hour with Karl SusmanTiny Homes, Classic Cars & More: Karl Susman's Insurance Secrets Revealed!In this episode of Insurance Hour with host Karl Susman, the discussion dives into a wide range of insurance-related topics, featuring listener questions and Karl's insightful answers. Key topics covered include:Adding parents to a homeowner's insurance policy.Navigating wildfire-related insurance challenges.Obtaining coverage for unique properties like tiny homes and classic cars.Understanding the nuances of earthquake insurance.Addressing service animal insurance needs.Exploring cyber insurance for personal data security.Guidelines for insuring valuable jewelry, vacation rentals, and final expense policies.Throughout the show, Karl combines practical advice with industry insights, empowering...2025-01-1053 min
Insurance Hour with Karl SusmanWedding Day Disasters & Earthquakes: Insurance You Didn't Know You Needed!In this episode of Insurance Hour, Karl Susman delves into a variety of listener-submitted insurance questions and provides detailed insights into navigating complex scenarios. Key topics include managing health insurance during unpaid leave, exploring mental health coverage, understanding earthquake insurance, and protecting personal assets during a move. Special segments cover cyber insurance, wedding insurance, and liability when renting out rooms or hosting short-term tenants. The show emphasizes proactive risk management and equips listeners with actionable advice to ensure adequate coverage. The episode also features discussions on emerging trends like coverage for remote work setups and policy considerations for hobby...2025-01-0353 minInsurance Hour with Karl SusmanCyber Threats, Earthquakes, and Teen Drivers: Insurance Tips You Can’t Ignore!In this episode of "Insurance Hour," host Karl Susman dives into listener-submitted questions about insurance complexities, ranging from business interruption insurance for small businesses, liquor liability for bar owners, and cyber insurance for startups, to specific policies like flood insurance, umbrella policies for homeowners, and coverage for high-value personal items. Karl provides actionable advice on navigating various insurance policies, emphasizing the importance of honesty and clarity when discussing needs with agents. Sponsored by GEOVERA, the episode also highlights the value of earthquake insurance and explores lesser-known policy types like errors and omissions for professionals and specialty coverage for rental...2024-12-2753 minInsurance Hour with Karl SusmanThe Ultimate Guide to Protecting Your Home and Business!In this episode of "Insurance Hour," host Karl Susman answers listener questions on various insurance topics, providing insights and advice for consumers. Key discussions include the importance of commercial auto insurance for businesses, coverage options for home-based businesses, understanding the California Fair Plan for fire insurance, and the distinction between condo insurance and homeowners insurance. The episode also covers specialized insurance topics like cyber insurance, event liability policies, umbrella insurance, and disability coverage for independent contractors. Karl emphasizes the importance of working with knowledgeable brokers and shares tips to minimize risks and ensure adequate protection for all aspects of...2024-12-2053 minInsurance Hour with Karl SusmanCritical Illness to Classic Cars: Shocking Insurance Mistakes!In this episode of Insurance Hour, host Karl Susman dives into a wide range of insurance topics driven by listener questions. Topics include the benefits and limitations of critical illness insurance, the importance of adequate HOA insurance coverage, strategies to manage auto insurance costs for new drivers, and the essentials of pet insurance. The episode also explores niche insurance needs, such as renters insurance for high-value items, coverage for classic cars, and business insurance for food trucks and home-based businesses. Karl emphasizes the value of tailoring insurance policies to individual circumstances, providing actionable advice for navigating the complex world...2024-12-1353 minInsurance Hour with Karl SusmanHow to Save Big and Protect More with These Insurance Tips!The latest episode of Insurance Hour, hosted by Karl Susman, takes listeners on an engaging journey through critical insurance topics. This episode tackles a variety of questions submitted by callers, covering issues such as the California FAIR Plan for high-risk homeowners, the nuances of flood and earthquake insurance, coverage options for cryptocurrency and rideshare drivers, and considerations for pet and disability insurance. Karl also delves into specialized topics like coverage for photographers’ equipment and insurance implications of owning electric vehicles. The show emphasizes the importance of asking detailed questions, being proactive about policy adjustments, and working with knowledgeable agents to...2024-12-0653 minInsurance Hour with Karl SusmanIs Your Insurance Coverage Leaving You Exposed? Find Out Now!In this episode of Insurance Hour, host Karl Susman dives into listener-submitted questions, covering essential insurance topics relevant to California residents and beyond. The episode addresses critical insurance considerations such as earthquake insurance deductibles, umbrella policies for renters, flood insurance, and comprehensive versus collision auto coverage. Karl also explores nuances around business property coverage for home-based businesses, personal jewelry insurance, and GAP insurance for financed vehicles. With practical advice and real-life examples, Karl provides listeners with a clearer understanding of how to make informed decisions in selecting appropriate coverage.Wanna text us?Insurance Hour is...2024-11-2953 minInsurance Hour with Karl SusmanEarthquakes, Dogs, and Squirrels – What Can Your Policy Handle?In this episode of Insurance Hour, hosted by Karl Susman, the focus is on listener-submitted questions about various real-life insurance scenarios. Topics include homeowners insurance covering fence damage after storms, filing claims for auto damage from accidents like paint spills and potholes, and understanding how neighborly mishaps, like children breaking windows, are handled. Karl also discusses when earthquake insurance is essential, the nuances between collision and comprehensive auto coverage, and why small claims may affect premiums. The episode closes with Karl encouraging listeners to stay prepared with the right coverage and emphasizing the value of consulting insurance agents for...2024-11-2253 minInsurance Hour with Karl SusmanDisaster Strikes! Can Your Insurance Handle It?This episode of Insurance Hour with Karl Susman dives into real-life insurance challenges, offering advice and solutions for homeowners, renters, and drivers. The show covers various listener inquiries, including water damage claims, tree damage disputes between neighbors, rental car accidents, dog bite liabilities, and vandalism incidents. Karl emphasizes practical tips like handling small claims to avoid premium hikes, the importance of understanding policy exclusions (e.g., flood insurance and earthquake policies), and the benefits of extra security measures. The show also touches on sensitive topics like navigating insurance with friends and family and working effectively with insurers to resolve...2024-11-1553 minInsurance Hour with Karl SusmanSecrets Insurance Companies Don’t Want You to Know – Slash Your Premiums Today!In this episode of Insurance Hour, hosted by Karl Susman, the focus revolves around practical tips and strategies for lowering insurance costs. The episode kicks off with listener questions about managing high premiums for new drivers, including strategies like utilizing good student discounts and clarifying vehicle usage. Karl dives into the differences between term life and whole life insurance and explores renter’s insurance, explaining why tenants need their own coverage despite landlords having policies on the building.The conversation extends into areas like pet insurance, health insurance options post-employment, and umbrella policies, providing listeners with clarity on...2024-11-0853 minInsurance Hour with Karl SusmanIs Your Home Really Covered? Discover the Hidden Gaps in Your PolicyIn this episode of Insurance Hour, host Karl Susman dives deep into the essentials of homeowners insurance. He explains various coverage types, including dwelling coverage, personal property, other structures, and liability insurance. Karl emphasizes the importance of understanding the nuances in these policies, such as the assumption that the homeowner lives on the property and the significance of having appropriate coverage for structures like pools, detached garages, and landscaping. Additionally, he addresses common questions about extended replacement costs, sub-limits for personal belongings, and medical payments coverage. Karl also touches on earthquake insurance and the need for separate coverage, especially...2024-11-0153 minInsurance Hour with Karl SusmanThe Collapse of California's Insurance Market: Are You Prepared? with guest AMY BACHIn this episode of "Insurance Hour," host Karl Susman interviews Amy Bach, the executive director of United Policyholders, about the challenges facing the insurance market, particularly in California. They discuss the growing difficulty for consumers to obtain home insurance, driven by climate change, wildfire risks, and other factors like technological advancements and market fluctuations. Amy outlines how non-renewals are becoming more common and why insurers are pulling out of high-risk areas. She also explores the role of the California Fair Plan, a fallback insurance option, and the uncertainty about its long-term sustainability. Both Karl and Amy emphasize the importance...2024-10-2554 minInsurance Hour with Karl SusmanWhy Your Insurance Claim Was Denied – And How to Fight Back!In this episode of Insurance Hour, hosted by Karl Susman, listeners submitted various insurance-related questions, which Karl answered in real-time. The episode covers common topics such as auto insurance premium increases, ride-sharing coverage, and handling claims for hit-and-run accidents. Additionally, Karl explains why claims might be denied, discusses insurance coverage for Uber and Lyft drivers, and touches on tricky subjects like how a neighbor’s claim can affect your own. The episode is informative, offering a mix of practical tips and expert advice on navigating the complexities of different insurance policies. It’s an episode geared towards anyone wanting to m...2024-10-1854 minInsurance Hour with Karl SusmanThink Your Insurance Covers Everything? 5 Hidden Gaps That Could Ruin You!In this episode of Insurance Hour, Karl Susman tackles listener questions covering a wide range of insurance-related topics. The show starts by addressing the nuances of earthquake and flood insurance, explaining why standard homeowner's policies do not cover these perils. Other key discussions include auto insurance liability, renters insurance, umbrella policies, and the need for business insurance when running a small business from home. Karl also emphasizes the importance of being properly insured during home renovations and why bundling home and auto policies can lead to discounts. He offers practical advice on how to shop for better rates and...2024-10-1153 minInsurance Hour with Karl SusmanShocking Truth About Insurance You Never Knew! Expert Reveals Secrets - with guest Clebe BestIn this episode of Insurance Hour, host Karl Susman interviews Clebe Best, Vice President of the Independent Insurance Agents and Brokers of Arizona (IIABAZ). They discuss the evolving landscape of insurance, focusing on the roles of independent agents, brokers, and how they differ from direct carriers. Key topics include the importance of transparency in claims, the rise of AI in the insurance industry, and how consumers can better navigate insurance decisions, from purchasing home policies to filing claims. Clebe emphasizes the value of having a trusted insurance advisor and the critical need for proper insurance coverage in a market...2024-10-0854 minInsurance Hour with Karl SusmanWhy Your Insurance Costs Are Skyrocketing — The Hidden Catastrophe Costs You Must KnowThis episode of Insurance Hour, hosted by Karl Susman, covered several critical topics affecting the insurance industry. The show started with a discussion about the impact of catastrophic events like hurricanes in Florida and wildfires in California, highlighting the challenge insurers face in pricing policies for regions with high-risk exposure. Karl also took a caller's question on agency billing solutions and introduced Agent Snap, a tool to streamline billing for insurance agents. The focus then shifted to earthquake insurance in California, where Karl emphasized the importance of purchasing quake coverage and detailed the role of the California Earthquake Authority...2024-10-0154 minInsurance Hour with Karl SusmanCalifornia's Insurance Meltdown: Why Your Rates Are Skyrocketing!In this episode of Insurance Hour, host Karl Susman answers listener questions regarding various insurance-related topics, focusing on the California market. The episode covers a wide range of subjects, including workers' compensation in condo policies, non-renewals of homeowner's policies due to market changes, the rise in auto insurance premiums, and the ongoing insurance crisis in California. Susman provides practical advice on shopping for new insurance, understanding policy details, and dealing with rising costs, while also addressing the impact of inflation, supply chain issues, and electric vehicles on insurance rates. The episode also includes a discussion on earthquake coverage and...2024-09-2454 minInsurance Hour with Karl SusmanR.J. Lehmann - California’s Insurance Crisis: Prop 103, Wildfires, and the Future of RegulationIn this episode of Insurance Hour, host Karl Susman interviews RJ Lehmann, Editor-in-Chief of the International Center for Law and Economics (ICLE). The conversation covers key issues surrounding California’s insurance market, focusing on Proposition 103, its impact on insurance regulation, and the controversial intervener system. Lehmann explains how Prop 103, originally designed to control auto insurance rates, has led to unintended consequences for property insurance, especially in the face of growing wildfire risks. The intervener system, designed to allow consumer advocacy groups to challenge rate increases, is critiqued for being a potentially flawed mechanism that can complicate rate adjustments. The ep...2024-09-1754 minInsurance Hour with Karl SusmanUnpacking Insurance: From History to Homeownership – What You Need to Know!In this episode of Insurance Hour, Karl Susman dives into a range of insurance-related topics, focusing on educating listeners about the fundamentals of insurance. Karl begins by exploring the history of insurance, tracing its origins to the 14th century and the evolution of mutual agreements into modern commercial policies. He highlights how the industry has grown, citing Lloyd’s of London as a key example. The discussion then shifts to how insurance is regulated in the U.S., with each state having its own Department of Insurance, and how that affects policyholders.Karl also answers a listener's qu...2024-09-1054 minInsurance Hour with Karl SusmanNavigating California's Insurance Crisis: Hard Choices and Survival StrategiesIn this episode of "Insurance Hour," Karl Susman dives deep into the challenges facing the California insurance market, particularly focusing on the difficulties homeowners face in securing property insurance amidst the current market crisis. He explains how major insurers are pulling out of the state, leaving the California Fair Plan as the last resort for many residents. Susman also discusses the potential financial instability of the California Fair Plan and the broader implications for homeowners. The episode highlights the complex regulatory environment, the economic pressures on insurance companies, and the tough choices consumers must make when navigating this challenging...2024-09-0354 minInsurance Hour with Karl SusmanNavigating California's Insurance Crisis: Prop 103 and the Road AheadThe latest episode of Insurance Hour, hosted by Karl Susman, dives into the current challenges facing the California insurance market. The show begins with a discussion on Proposition 103, a significant piece of legislation passed in 1988, and its long-term impacts on the insurance landscape. Karl explains how the historical reliance on Prop 103 has contributed to today's insurance crisis, particularly in the context of climate change, wildfires, and other natural disasters. He discusses the California Sustainable Insurance Strategy introduced by Insurance Commissioner Ricardo Lara, which aims to modernize the insurance system, improve availability, and create a more competitive market. The episode...2024-08-2754 minInsurance Hour with Karl SusmanBehind the Scenes with a Claims Adjuster: Uncovering the Truth About Auto InsuranceIn this episode of Insurance Hour, host Karl Susman interviews Rachel Goldman, a former claims adjuster with a decade of experience in the insurance industry. Rachel shares insights into the role of a claims adjuster, detailing the complexities of handling auto insurance claims, the challenges of determining fault, and the impact of claims on insurance premiums. The conversation also explores the human element in insurance, the process of dealing with attorneys, and the red flags associated with insurance fraud. Rachel provides practical advice for individuals dealing with claims and highlights the importance of maintaining clear documentation and a calm...2024-08-2054 minInsurance Hour with Karl SusmanYour Top Insurance Questions Answered: Fire Safety, Non-Renewals, and CAT ModelsIn this episode of "Insurance Hour," hosted by Karl Susman, the focus is on addressing common questions from Californians about various insurance topics. Karl discusses the importance of building homes with fire-resistant materials and the guidelines provided by the Safer from Wildfires organization. He explains the viability of the private home insurance model in California, highlighting the Sustainable Insurance Strategy set by the Department of Insurance. Karl answers queries about non-renewal notices from companies like State Farm, the concept of fair rates in high fire zones, and the solvency of the California Fair Plan. Additionally, he delves into catastrophe...2024-08-1354 minInsurance Hour with Karl SusmanCalifornia’s Insurance Crisis: Insights from Triple-I with Janet RuizIn this episode of "Insurance Hour," host Karl Susman interviews Janet Ruiz, the Director of Strategic Communications at the Insurance Information Institute (Triple-I). The conversation covers a broad range of topics related to the current state of the insurance market in California, particularly the challenges posed by Proposition 103 and the impact of recent catastrophic events like wildfires. Janet Ruiz provides insights into the role of Triple-I in educating both the public and industry professionals about insurance issues, the significance of adequate insurance rates, and the ongoing efforts to modernize California’s insurance regulations. The discussion also touches on the fi...2024-08-0654 minInsurance Hour with Karl SusmanAB2743: Insurance Limits for Car Sharing with Assemblywoman Blanca PachecoIn this episode of "Insurance Hour," host Karl Susman interviews Assemblywoman Blanca Pacheco about her new bill aimed at setting insurance limits for car-sharing services. The conversation delves into the nuances of liability insurance, consumer choices in purchasing policies, and the potential impact of the proposed legislation on car-sharing. Karl provides insights into the importance of liability insurance as a protective buffer against negligence claims and explains how consumers can make informed decisions regarding their insurance needs.Wanna text us?Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest...2024-07-3054 minInsurance Hour with Karl SusmanAssemblyman Tom Lackey: An Exclusive Interview in SacramentoIn this episode of "Insurance Hour," host Karl Susman takes the audience on a journey outside the studio to Sacramento, where he meets with elected officials to discuss various pressing issues related to the insurance industry. The episode features a special interview with Amanda, shedding light on significant legislative changes and their impact on Californians. The conversation delves into critical topics, including insurance policies, claims, and the intricacies of the California insurance market, providing listeners with valuable insights and updates.Wanna text us?Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is...2024-07-2354 minInsurance Hour with Karl SusmanUnlocking Homeowner Savings: Senator Alvarado-Gil on California's Fair PlanIn 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.Wanna text us?Insurance Hour is hosted by renowned insurance...2024-07-1654 minInsurance Hour with Karl SusmanNavigating California's Insurance Challenges: From Wildfires to Cyber ThreatsIn 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.Wanna text us?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...2024-07-0954 minInsurance Hour with Karl SusmanMastering California Insurance: Insights, Tips & Listener Q&AIn 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.Wanna text us?Insurance Hour is hosted by renowned insurance expert Karl Susman. Karl is a frequent guest on television...2024-07-0254 minInsurance Hour with Karl SusmanNavigating California’s Insurance Crisis: Surplus Lines & Solutions with Benjamin McKayIn 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...2024-06-2554 minInsurance Hour with Karl SusmanRevolutionizing California Insurance: Navigating New Regulations and Market ChangesIn 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...2024-06-1854 minInsurance Hour with Karl SusmanBack to the Future! Proposition 103: Shaping California's Insurance LandscapeIn 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...2024-06-1154 minInsurance Hour with Karl SusmanCalifornia's Insurance Overhaul: Navigating New Reforms and Consumer ProtectionsIn 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....2024-06-0454 minInsurance Hour with Karl SusmanUnraveling Insurance: How Your Premiums Turn into ProtectionShow SummaryIn 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 co...2024-05-2954 min
KQED's ForumAs Home Insurers Exit the State, Officials Promise Faster ActionGovernor Gavin Newsom is calling for swifter reforms to California’s beleaguered home insurance market as homeowners across the state continue to lose coverage or face rate hikes. A growing number of insurance companies have stopped writing new policies in the state, citing increased climate-related risks and higher costs. Meanwhile, the state’s fire coverage of last resort, the FAIR plan, is overwhelmed and facing its own financial crisis. Newsom said this month he is drafting legislation that would speed up how quickly insurance companies can increase rates, a change insurers say they need to do business in the stat...2024-05-2155 minInsurance Hour with Karl SusmanNavigating Legal Traps in Personal Injury Claims: Expert Tips from Dennis BeaverIn 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...2024-05-2154 minInsurance Hour with Karl SusmanClarifying Coverage: Navigating the Complexities of Insurance with Karl SusmanIn this episode of "Insurance Hour," host Karl Susman delves into a wide range of insurance-related topics through listener calls and emails. The show focuses primarily on common concerns and misconceptions about various types of insurance policies, including home, auto, and health insurance. Karl addresses specific listener questions about insurance terminology, coverage details, and policy comparisons, providing clarifications and advice. Additionally, he discusses the broader insurance landscape in California, highlighting challenges like regulation updates and market constraints. The episode is informative and interactive, with Karl responding directly to the audience's real-time inquiries.Wanna text us?...2024-05-1454 minInsurance Hour with Karl SusmanSecuring Your Sanctuary: Revolutionizing Home Insurance with Faura.us CEO, Valkyrie HolmesIn this episode of "Insurance Hour," host Karl Susman explores innovative insurance solutions with special guest Valkyrie Holmes, co-founder of Faura. Faura is a pioneering company that uses data analytics to help homeowners and insurance agencies mitigate risks associated with natural disasters like wildfires and hurricanes. The platform allows users to conduct property assessments using their smartphones to evaluate risk factors and improve resilience. This technology is especially beneficial in areas prone to natural disasters and helps in obtaining better insurance policies and potentially lowering premiums. The show delves into the functionality of the Faura platform, the future of...2024-05-0753 minInsurance Hour with Karl SusmanSteering Through Costs: Smart Ways to Reduce Your Auto Insurance PremiumsIn this engaging episode of "Insurance Hour," host Karl Susman focuses on demystifying auto insurance for Californians. He tackles common concerns and questions about why auto insurance rates continue to rise despite aging vehicles and increasing driving experience. Karl breaks down the impact of vehicle types, including EVs and SUVs, on insurance costs and offers practical tips on how to reduce personal auto insurance premiums. He explains the importance of comparing insurance rates, bundling policies, and maximizing discounts through proactive measures like defensive driving courses. The episode is rich with advice aimed at helping listeners navigate their insurance options...2024-04-3054 minInsurance Hour with Karl SusmanRevolutionizing Insurance: Cody Eddings & SnapRefund's Tech BreakthroughsThe episode focuses on the insurance technology sector, particularly on how financial technology can improve efficiencies in insurance transactions. The guest, Cody Eddings, co-founder of SnapRefund, discusses the origins and mission of his company, which aims to revolutionize insurance payouts and agency billing through two main products: ClaimSnap and AgentSnap. The discussion details the challenges and solutions in deploying modern financial services to enhance the speed and reliability of insurance-related financial transactions, aiming to benefit both consumers and providers by integrating advanced payment technologies.Wanna text us?Insurance Hour is hosted by renowned insurance expert...2024-04-2353 minInsurance Hour with Karl SusmanNavigating the Currents: Insurance Market Challenges w/ Deputy Insurance Commissioner MICHAEL SOLLERThe episode primarily focuses on insurance-related challenges in California, featuring Karl Susman as the host and Michael Soller, Deputy Insurance Commissioner, as the guest. The discussion highlights the current state of the insurance market in California, particularly addressing the non-renewal of policies by major providers like State Farm, and the broader impact on consumers. They delve into the role of the California Department of Insurance, initiatives to stabilize the market, and efforts to enhance consumer protections and understanding. The challenges faced by the California FAIR Plan, which provides last-resort insurance, are also explored.Wanna text us?2024-04-1654 minInsurance Hour with Karl SusmanCalifornia's Insurance Crossroads: Navigating the Uncharted Waters of Coverage CrisisThis episode of "Insurance Hour" with Karl Susman unpacks the tumultuous state of California's insurance industry, spotlighting the strategic withdrawal of major insurers and the mounting strain on the California Fair Plan Association. Amidst a backdrop of regulatory rigidity and climatic volatility, the episode articulates a critical juncture for the industry, advocating for a recalibrated approach to insurance that is both forward-looking and consumer-informed.Wanna text us?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...2024-04-0954 min
Insurance Hour with Karl SusmanUnlocking the Mysteries of Insurance: Guidance and Insights for CaliforniansIn this episode of "The Insurance Hour," host Karl Susman delves into the complexities of insurance, aiming to demystify policies for Californians. The show covers a broad spectrum of insurance-related topics, including maximizing benefits, saving money, handling claims, and the nuances of interacting with agents, brokers, and insurance companies. A significant portion of the discussion focuses on the inherent frustration many people feel towards insurance due to its mandatory nature, particularly concerning property and auto insurance. Karl also addresses common misconceptions and challenges policyholders face, such as understanding coverage limits, the importance of maintaining proper insurance, and strategies for...2024-04-0253 min
Insurance Hour with Karl SusmanInsurance, ReInsurance & InsureTech (with guest Randel Bennett)The episode covers a discussion on the insurance industry between host Karl Susman and guest Randel Bennett. They analyze issues facing property and casualty insurance, focusing on rising reinsurance costs and reduced availability driving rate increases. Details are provided on reinsurance concepts and trends, including reduced capacity, requirement for more insurer capital contributions, and layering costs from multiple reinsurers. They also discuss Florida's insurance crisis with insolvent private carriers. The talk covers InsureTech startups aiming to innovate with technology but facing high failure rates recently. Main takeaways are increasing reinsurance expenses, reduced affordability, and need for consumer education on...2024-03-2653 min
Insurance Hour with Karl SusmanGovernance Meets Insurance: Das Williams on Building Resilient CommunitiesIn this engaging episode of "The Insurance Hour," host Karl Susman welcomes Das Williams, the esteemed County Supervisor for the Santa Barbara area, for an in-depth discussion. The conversation covers a wide range of topics, from Das Williams' key initiatives and achievements in office to how local policies can impact insurance rates and community safety. Listeners will gain valuable insights into the intersection of local governance, community development, and the insurance industry, all while being entertained by the dynamic interaction between Karl and his guest. This episode not only informs and educates but also provides a unique perspective on the...2024-03-1953 min
Insurance Hour with Karl SusmanNavigating the New Normal: Insurance Insights with Karl SusmanIn this episode of "The Insurance Hour," host Karl Susman delves into a variety of topics related to insurance, focusing primarily on educating Californians about navigating their insurance needs amidst changing weather patterns and rising costs due to inflation. The show covers the recent wildfires in Texas and their insurance implications, the importance of being properly insured, and tips for reducing insurance premiums. Karl also addresses listener questions, including whether retired people can purchase life insurance and the specifics of jewelry coverage on insurance policies. Moreover, the episode explores smart devices for home safety, deductible strategies for lowering insurance...2024-03-1251 min
Insurance Hour with Karl SusmanSafeguarding Communities: The Intersection of Insurance and Firearm SafetyThe podcast episode titled "Insurance Hour" from March 1, 2024, features host Karl Susman discussing with special guest Senator Catherine Blakespear her newly introduced legislation, AB 3067, which aims to promote safe firearm storage by requiring insurance companies to inquire about gun ownership and storage practices from policyholders. The discussion highlights the bill's focus on enhancing public safety through insurance market dynamics, parallels drawn between firearms and automobiles in terms of safety and insurance, and the potential for insurance to play a role in reducing gun-related incidents by incentivizing safe storage practices.CHAPTERS:### 1. Introduction and Guest Welcome**[00:00]**2024-03-0532 minInsurance Hour with Karl SusmanFirearms and Insurance: Navigating California's New ProposalThis episode of "Insurance Hour" delves into the nuances of home insurance in California, highlighting the introduction of Assembly Bill No. 3067. This proposed legislation mandates additional questions for insurance applications, specifically concerning the existence and storage of firearms in homes. The show discusses the implications for insurance premiums, the potential for increased scrutiny on gun ownership, and the broader legislative intent behind collecting such data. It emphasizes the importance of honesty in insurance applications and speculates on how insurers might use this information. The segment aims to inform Californians about upcoming changes in insurance policy requirements and encourages...2024-03-0308 min
Insurance Hour with Karl SusmanApple Vision Pro is changing the world... of Insurance - with guest Robert ScobleThis episode of "Insurance Hour" from February 23, 2024, features a detailed discussion with Robert Scoble about the intersection of technology and insurance, particularly focusing on the implications of new tech, like Apple Vision Pro and Tesla's innovations, on insurance policies and claims. The conversation delves into the advancements in digital twins, the use of augmented reality in everyday life, and the future of tech integration in various industries, including the potential for insurance adjustments and claims processing through augmented reality. The dialogue also touches on the broader impact of technology on consumer behavior, product development, and industry shifts, especially in...2024-02-271h 23