Insurance Hour with Karl Susman

Summary The 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 an expected 22% rate increase across the board. The discussion emphasizes the need for market competition to stabilize insurance rates in California, which is the fifth largest insurance market globally. Highlights Introduction and Guest Background Host Karl Susman introduces Assembly member Heath Flora, who represents the 9th Assembly District. Flora's background includes 15 years as a firefighter with Cal Fire, experience as a volunteer firefighter, and business ownership. He brings expertise in agricultural and public safety issues to his role in the assembly since 2016. AB 637: Deceptive Disaster Relief Advertising Act Flora presents AB 637, which requires for-profit entities to clearly disclose their status when soliciting business after disasters. He describes witnessing 'ambulance chasers' at disaster scenes since 2002, including the Cedar Fire. The bill mandates transparency about any connection to government agencies or insurance companies, with violations carrying a $2,500 penalty per occurrence. Consumer Protection and Implementation Discussion covers how AB 637 will protect vulnerable disaster victims from predatory practices. Flora explains that the bill applies to all forms of advertising, including social media, and enforcement will be handled by the Attorney General, Insurance Commissioner, and Department of Consumer Affairs. AB 1354: Insurance Premium Tax Relief Flora introduces AB 1354, which would allow Californians to deduct insurance premium increases from their taxes between 2025-2030. The bill aims to provide relief during the transition period as insurance rates adjust after 30 years of artificial suppression under Proposition 103. Flora discusses the expected 22% rate increase and the need to restore market competition in California's insurance sector. Market Competition and Future Outlook The discussion concludes with Flora emphasizing the importance of bringing competition back to California's insurance market. He notes that only single-digit numbers of carriers are currently writing new policies in California, despite it being the fifth-largest insurance market globally. Flora advocates for steady, predictable rate increases rather than sudden large increas 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 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 pr@insurancehour.com

Summary The 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 days longer than in the 1970s. The interview also discusses CAL FIRE's predictive modeling capabilities, firefighting strategies, and the collaboration between fire services and the insurance industry to reduce fire risks. Highlights Introduction and Guest Background Host Karl Susman introduces Daniel Berlant, appointed State Fire Marshal in October 2023. Berlant's career began with CAL FIRE in 2001 as a volunteer, progressing through various roles including the Fire Prevention Bureau and CAL FIRE Communications. Home Hardening and Defensible Space Berlant explains home hardening as building or retrofitting homes with fire-resistant materials. He notes that homes built after 2008 follow new building codes, but 90% of homes in wildfire-prone areas were built before these standards. He introduces the concept of 'zone zero' or ember resistance zone, emphasizing the importance of maintaining a 5-foot buffer around homes free of combustible materials. Fire Causes and Prevention Berlant reveals that 95% of wildfires are caused by human activity, with major causes including debris burning, vehicle usage, powered equipment use, and arson. He discusses prevention strategies and directs people to readyforwildfire.org for resources and self-assessment tools. Climate Impact and Fire Behavior Berlant discusses how California's fire season has changed, noting summers are now 70 days longer than in the 1970s. He explains how extreme weather events, including dry lightning storms and Santa Ana winds, have contributed to more severe wildfires in recent years. Firefighting Strategies and Insurance Considerations The discussion covers CAL FIRE's containment strategies, aerial firefighting capabilities, and the use of various firefighting tools including retardant and water drops. Berlant also details the collaboration between fire services and insurance companies, emphasizing the importance of comprehensive fire prevention measures for insurance purposes. 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 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 pr@insurancehour.com

Summary The 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, and regulatory reforms. Senator Allen notes that while California remains the 10th least expensive insurance market nationally, the system is under strain with some carriers leaving the market. The conversation includes detailed exploration of potential insurance product innovations and the role of the Department of Insurance in balancing consumer protection with market viability. Highlights Introduction and Guest Background Karl Susman introduces Senator Ben Allen, representing California's 24th Senate District since November 2014. Allen's background includes education from Harvard (BA), Cambridge (M.Phil), and UC Berkeley (JD), and he represents the West Side, Hollywood, and South Bay communities of LA. Eliminate the List Act (SB 495) Introduction Senator Allen introduces SB 495, explaining how it aims to eliminate the requirement for fire victims to provide itemized lists of lost contents when they've experienced total loss. He describes how many insurance companies are already voluntarily offering 100% contents coverage without requiring itemization. Implementation Challenges and Industry Response Discussion of potential retroactive application of the bill, with Senator Allen noting this aspect is still being determined due to complexities. The conversation covers how most insurance carriers have already stepped up to provide better coverage terms, often offering 70-80% upfront payments. Insurance Market Challenges and Reforms Exploration of broader insurance market issues in California, including rising costs, market sustainability, and the impact of climate change. Senator Allen discusses the need for reforms, including allowing predictive modeling for risk assessment rather than just historical data. Consumer Protection and Market Solutions Final segment focuses on potential solutions, including creating more insurance product options and better balancing consumer protection with market viability. Senator Allen provides his office contact number (310-414-8190) for constituents seeking assistance with insurance-related issues. 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 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 pr@insurancehour.com

Summary The 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 warns viewers to expect premium increases as a result. Throughout the discussion, he maintains a balanced perspective, acknowledging both the need for consumer protection and the challenges faced by private insurance companies. Highlights Introduction and Overview of 10 New Insurance Laws Karl Susman introduces the show's topic: 10 new potential insurance laws being debated in Sacramento. He emphasizes these are different from recent Department of Insurance regulations, explaining they are new legislative proposals that will impact insurance policies in California. The host announces the show's phone number (559-656-0317) and email (Questions@InsuranceHour.com) for viewer feedback. California Safe Homes Act Analysis Susman discusses the first proposed law, sponsored by Assemblymember Lisa Calderon, which would establish a grant program for wildfire mitigation measures. The program would provide state tax-free funds for fire-rated roofs and non-ignition zones. He outlines pros including enhanced wildfire resilience and potential premium reductions, while noting cons such as state budget impact and potential implementation challenges. Business Insurance Protection Act Discussion The host analyzes the second proposed law, sponsored by Senators Sasha Renee Perez and Susan Rubio, which would extend residential insurance non-renewal moratoriums to commercial policies. Susman explains how this could stabilize the business insurance market while potentially leading to premium increases and legal challenges. Insurance Premium Protector and Public Adjuster Regulations Susman examines the proposal to cap public adjuster fees at 15% and prohibit additional awards outside contracts. He discusses the implications for wildfire survivors and the potential impact on the public adjusting industry, expressing concern about arbitrary price caps while acknowledging the need for consumer protection. Final Thoughts and Future Premium Implications The host concludes by emphasizing that the California wildfires will be the most expensive disaster in U.S. history. Susman warns viewers to expect premium increases but assures that legitimate claims will be paid, encouraging listeners to take advantage of available discounts and opportunities to lower premiums 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 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 pr@insurancehour.com

Summary The 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 claims than collecting in premiums. He discusses recent regulatory changes from December that may provide a path forward for the industry, potentially leading to more competition and better pricing for consumers. Highlights Introduction and Wildfire Insurance Claims Overview Karl Susman opens the show discussing wildfire insurance claims and federal assistance options. He explains that homeowners should first contact their insurance company for claims, then explore additional federal assistance through FEMA grants and SBA loans. The host emphasizes that both insurance coverage and federal assistance can be accessed simultaneously. Smoke Damage and Property Assessment The host addresses smoke damage concerns, noting that while media focuses on total losses (estimated 12-13,000 structures), an equal number of properties may be uninhabitable due to smoke and ash damage. Susman discusses the lengthy cleanup process, mentioning that some areas like Power Stage fire zone may require 12-18 months just for toxic ash removal before rebuilding can begin. California Fair Plan and Insurance Industry Changes Susman explains the California Fair Plan's recent need for $900 million to access $6 billion in reinsurance. He clarifies that the Fair Plan is funded by private insurance companies, not taxpayers. The host discusses how new regulations from December 2023 may help attract insurance companies back to California, potentially leading to more competition and better pricing for consumers. Future of Insurance in California The final segment covers the insurance industry's challenges in California, with companies having not made a profit in over a decade. Susman discusses potential economic losses from recent events approaching half a trillion dollars. He emphasizes the importance of having multiple insurance companies competing in the market rather than a few dominant carriers, suggesting this would lead to better risk distribution and more stable pricing. 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 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 pr@insurancehour.com

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 assistance options, including FEMA grants up to $40,000 and SBA loans up to $2 million at 4% interest over 30 years. Karl Susman introduces Insurance Hour and begins discussing wildfire-related insurance claims. He emphasizes the importance of obtaining claim numbers when filing and explains that claims are typically handled on a first-come, first-served basis. He provides multiple ways to file claims: directly with insurance companies, through agents/brokers, or online. 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 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 pr@insurancehour.com

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 diligence, providing practical advice such as checking with the Better Business Bureau and verifying credentials. He repeatedly shares the contact number 559-656-0317 and email address Questions@insuranceHour.com for viewers seeking assistance. Highlights Introduction and Overview of Wildfire Scams Karl Susman opens the show from a bunker, explaining that the episode will focus on common scams targeting wildfire victims. He emphasizes that these fraudulent activities have increased to the point where the California Department of Insurance has established a specific task force to combat them. Viewers are encouraged to report suspicious activity to insurance.ca.gov. Government Impersonation Scams Susman details how scammers pose as government officials offering assistance, warning that legitimate government agencies don't proactively reach out with monetary offers. He explains how these fraudsters either collect personal information for identity theft or request 'application fees' and 'expediting fees' for non-existent services. Contractor and Housing Scams The host discusses fraudulent contractors requesting blank contracts and upfront deposits, promising priority treatment for larger deposits. He also covers rental property price gouging, with some landlords increasing rates by 300-600%, violating California Penal Code regulations limiting post-disaster increases to 10%. Storage and Legal Service Scams Susman warns about fraudulent storage companies offering to collect and store belongings from damaged homes, and fake legal services claiming to represent wildfire victims. He emphasizes the importance of verifying credentials, checking Better Business Bureau listings, and consulting with insurance agents before engaging with any service providers. 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 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 pr@insurancehour.com

Summary The 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 constraints and increasing natural disasters have led to insurance companies leaving the state. He notes that California, despite its high-risk profile, ranks as the 10th least expensive state for homeowners insurance, which has created an unsustainable situation for insurers. Highlights Consumer Protections and Non-Renewal Rights Karl Susman explains that homeowners in wildfire-impacted areas have protection against non-renewal from insurance companies for 12 months, extending to 24 months for total losses. Adjacent areas receive one-year protection. He directs viewers to insurance.ca.gov to verify their protection status and emphasizes the need to actively communicate with insurance companies if receiving non-renewal notices. Wildfire Scam Warnings and Federal Assistance The host warns about various scams targeting wildfire victims, including contractors demanding upfront deposits and fraudulent federal assistance offers. He emphasizes that legitimate federal aid 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. Insurance Policy Management During Displacement Susman advises on managing insurance policies while displaced, recommending setting up a PO box for mail, putting policies on auto-pay, and understanding coverage extensions. He explains that some companies allow liability coverage to extend to temporary residences and may permit reduced coverage on original properties during rebuilding. California Insurance Market Crisis and Regulatory Changes The host discusses the California insurance market crisis, explaining how strict regulations and increasing natural disasters have led to companies leaving the state. He highlights new regulations (Sustainable Insurance Strategy) implemented in December 2024, designed to modernize the 30-year-old laws and potentially attract insurers back to California. 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 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 pr@insurancehour.com

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 vulnerable fire victims, including identity theft schemes and fraudulent contractor offers. Highlights Introduction and Overview of Wildfire Impact Karl Susman opens the show discussing the catastrophic wildfires in Southern California, noting they could be the most costly disaster in U.S. history. He emphasizes the need for community unity and putting politics aside for recovery efforts. Insurance Coverage and Indirect Impact Karl explains Department of Insurance regulations regarding non-renewal protections in impacted areas. He details the indirect economic impact on service workers, such as pool cleaners, house cleaners, and car washers in affected areas like Pacific Palisades, emphasizing how everyone is affected regardless of direct fire damage. Reinsurance and Global Premium Impact Karl discusses how reinsurance works and explains how large disasters affect insurance premiums globally. He emphasizes that events in one region can impact insurance costs worldwide due to the international nature of reinsurance companies. Claims Process and Fair Plan Coverage Karl advises on filing claims, particularly emphasizing that wildfire claims should not be hesitated over. He explains the California Fair Plan's role and its challenges in handling the volume of claims, including the need to bring in external adjusters. Scams and Fraud Warnings Karl warns about various scams targeting wildfire victims, including fake government assistance offers, identity theft schemes, and fraudulent contractor proposals. He specifically mentions scammers requesting deposits for construction work and emphasizes the importance of verifying all assistance offers. 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 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 pr@insurancehour.com

An 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 quickly, with some making electronic payments in the millions of dollars. He also warns about scammers targeting vulnerable fire victims and emphasizes the importance of home hardening measures, such as maintaining proper tree distance from homes (5 feet) and having fire-resistant roofs. The discussion reveals that Susman's agency alone is handling over 130 total loss claims from the recent fires. Highlights Initial Discussion of Wildfire Crisis and Insurance Response Host Hal Eisner introduces the unprecedented nature of the recent wildfires and their impact on Southern California communities. Karl Susman describes the unique challenges of this fire, noting its unusual growth pattern and zero containment. The segment includes emotional testimonials from fire victims expressing their shock and determination to rebuild. Susman emphasizes the importance of maintaining existing insurance policies and warns against shopping for new coverage during this period. Insurance Claims Process and Immediate Assistance Susman details the immediate steps fire victims should take, emphasizing the importance of filing claims promptly. He notes that insurance companies are making rapid electronic payments, some in the millions of dollars. The discussion covers both homeowner and renter's insurance claims, with Susman explaining that the California Department of Insurance has implemented protective measures for recently canceled policies in affected areas. Scams and Consumer Protection The segment warns about various scams targeting fire victims, including fraudulent rebuilding contracts and identity theft schemes. Susman advises against responding to unsolicited communications claiming to be from FEMA or other government agencies, emphasizing that legitimate assistance requires victims to initiate contact. Future of Insurance in California Discussion focuses on the broader implications for California's insurance market. Susman explains that despite high risk factors, California currently ranks around sixth for least expensive property insurance nationally. He predicts future rate structures will more accurately reflect risk levels, with higher-risk areas paying more and lower-risk areas potentially seeing reduced rates. 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 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 pr@insurancehour.com

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 within a 10-mile radius of disaster areas. She emphasizes the long-term socioeconomic impacts, noting that 70% of Angelenos were living paycheck to paycheck pre-fire, and discusses various scams targeting vulnerable homeowners. The discussion concludes with Bremner's outlook on recovery, suggesting it could take years for affected areas to return to normal. Highlights Introduction and Market Impact of California Wildfires Karl Susman introduces the show and guest Debbie Bremner, a real estate expert with 48 years of experience. Bremner discusses the immediate impact of wildfires on the real estate market, noting a significant reduction in inventory and potential short-term price increases due to displaced persons seeking housing. Consumer Protection and Price Gouging Bremner explains legal protections against price gouging, highlighting that rental increases are limited to 10% above pre-fire rates. She mentions a $10,000 penalty and possible one-year prison sentence for violators, emphasizing the importance of reporting such incidents. Property Valuation and Rebuilding Decisions Discussion covers property appraisal challenges post-fire, with Bremner explaining how land values are assessed and the factors affecting rebuilding decisions. She emphasizes the importance of considering community infrastructure in valuation. Mortgage and Lending Impact Bremner details the mortgage lending moratorium in disaster areas, explaining its impact on current transactions and property closings. She discusses the five major lenders' agreement with Governor Newsom regarding payment obligations. Future Outlook and Recovery Bremner provides her long-term outlook, suggesting recovery could take years. She notes the 3% housing availability in Los Angeles and emphasizes the need for smart legislation and community planning to prevent future disasters. She discusses the challenges of rebuilding infrastructure and the importance of addressing climate change impacts. 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 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 pr@insurancehour.com

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 navigating the complexities of insurance. Highlights Show Introduction and Format Overview Karl Susman introduces Insurance Hour and explains the show's format, including how listeners can submit questions via phone (559-656-0317) or email (Questions@InsuranceHour.com). He emphasizes that questions are answered live without pre-screening. Homeowner's Insurance Deductibles Discussion Addressing Erica from Boise's question about homeowner's insurance deductibles, Karl explains that while higher deductibles can lower monthly premiums, the choice depends on individual circumstances and ability to pay the deductible amount in case of a claim. Teen Driver Insurance Considerations Responding to Kevin from Dallas about insuring a teenage daughter, Karl discusses the concept of insurable interest and explains why simply putting a teen on their own policy isn't always possible or advisable. He emphasizes the importance of vehicle registration and financial responsibility. Mortgage Refinancing and Insurance Impact Karl addresses how changing mortgagees affects homeowner's insurance, explaining that while simply changing lenders typically doesn't affect policy terms or costs, having multiple mortgages might impact future underwriting decisions. Earthquake and Flood Insurance Coverage Karl emphasizes that neither earthquakes nor floods are covered under standard homeowner's policies. He discusses GeoVera's earthquake coverage and explains why flood insurance requires separate policies, particularly important for properties in flood-prone areas. Gender Differences in Life Insurance Responding to Max from Ohio, Karl explains that women typically pay 5-10% less than men for life insurance due to longer life expectancy and statistically lower engagement in risky activities. He also discusses gender-neutral policies and their pricing structure. 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 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 pr@insurancehour.com

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 life insurance has evolved, its tax implications, and the nuanced decision-making involved in choosing coverage. With anecdotes, expert tips, and thoughtful analysis, the episode equips audiences with the knowledge to make informed decisions about their financial future. Highlights Introduction and Show Overview Karl Susman introduces Insurance Hour and sets up the episode's focus on life insurance, promising a different approach from typical sales-focused discussions. He provides contact information (559-656-0317 and Questions@InsuranceHour.com) for viewers to submit questions. Historical Context of Life Insurance The host traces life insurance origins to ancient Roman burial clubs, through 17th and 18th-century maritime insurance at Lloyd's of London, to early life contingencies for wealthy individuals. He explains how life insurance evolved from protecting the ultra-wealthy to becoming accessible to the middle class in the 19th century. Types of Life Insurance Policies Karl details various types of life insurance: term insurance (10-30 year periods), whole life (typically to age 95-100), universal life (flexible premiums), guaranteed universal life, variable universal life (securities-based), and final expense insurance. He emphasizes that each type serves different purposes and has distinct features. Underwriting and Purchase Considerations The discussion covers underwriting processes, from simple questionnaires to comprehensive medical exams. Karl advises on purchasing channels (direct from companies, through general agents, or brokers) and warns about potential pitfalls of buying from non-specialists. He emphasizes the importance of understanding policy details and working with experienced professionals. Concluding Thoughts and Key Takeaways Karl summarizes three main points: life insurance is not simple, it's not well understood, and it's aggressively sold. He emphasizes that while life insurance is an incredible product when properly purchased, it requires careful consideration of beneficiaries, ownership structure, and payment methods. The host concludes by stressing the importance of making informed decisions for the benefit of policy beneficiaries. 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 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 pr@insurancehour.com

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: Throughout the show, Karl combines practical advice with industry insights, empowering listeners to make informed decisions about their insurance needs. 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 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 pr@insurancehour.com

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 farms and service dogs. 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 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 pr@insurancehour.com

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 properties and musical equipment. The show wraps up with Karl’s signature mix of humor and practicality, ensuring listeners leave informed and entertained 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 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 pr@insurancehour.com

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 life. 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 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 pr@insurancehour.com

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 of insurance. 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 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 pr@insurancehour.com

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 tailor coverage to individual needs. 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 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 pr@insurancehour.com

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 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 pr@insurancehour.com