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Depopulating California’s FAIR Plan — What Are They THINKING?!?
Manage episode 390445721 series 3520150
Inhoud geleverd door Karl Susman. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Karl Susman of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Join your host, Karl Susman as he discusses the California insurance market, including the challenges with limited availability and high premiums, as well as potential solutions like the California Sustainable Insurance Strategy. Topics include the California FAIR Plan struggles handling increased volume, new catastrophe modeling and mitigation discounts, modernizing regulations to enable competition and stabilize the market, and clarifying umbrella policy coverages.
SHOW HIGHLIGHTS:
California Insurance Market Overview
The host introduces the insurance talk show for California consumers and provides background on the restricted insurance market, with 87% heavily restricted, driving limited availability and increased premiums.
California Sustainable Insurance Strategy
The strategy for reviving the California insurance market is outlined, including 5 key components: increasing availability, depopulating the FAIR plan, integrating catastrophe modeling and mitigation discounts, modernizing the FAIR plan, and improving overall market stability through updated regulations.
California FAIR Plan Challenges
Issues with the FAIR plan insurer of last resort are noted, like long wait times from limited staff and exponential premium increases from new catastrophe modeling approaches.
New Catastrophe Modeling
Usage of big data and AI for more granular location-based catastrophe risk modeling is discussed as a way to enable more discounts tied to wildfire mitigation steps.
Umbrella Policy Clarifications
Umbrella policy coverages are clarified as relating to liability only, with recommendations to purchase higher limits given large recent lawsuit rewards.
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:
TUESDAY
1200-1300 | KZSB | 1290 AM | Santa Barbara, Ca
1900-2000 | KZSB | 1290 AM | Santa Barbara, Ca
WEDNESDAY
0952-1000 | KZSB | 1290 AM | Santa Barbara, Ca
THURSDAY
0700-0800 | KCAA | 1050 AM / 106.5 FM | Redlands, Ca
FRIDAY
0900-1000 | KMET | 1490 AM / 98.1 FM | Banning, Ca
SATURDAY
0700-0800 | KTRB | 860 AM | San Francisco, Ca
1200-1300 | KEIB | 1150 AM | Los Angeles, Ca
KION | 1460AM | Salinas, Ca
1300-1400 | KCBQ | 1170 AM / 96.1 FM | San Diego, Ca
1600-1700 | KEIB | 1150 AM | Los Angeles, Ca
SUNDAY
1700-1800 | KFBK | 1530 AM / 93.1 FM | Sacramento, Ca
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@insura...
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