Insurance Hour with Karl Susman
Insurance Hour makes the daunting world of insurance understandable for everyone. Karl cuts through the red tape and jargon so that you can understand insurance coverage and how insurance can work for you. d. And, he makes it fun! With guests from the legislators and regulators who are making the decisions that impact your wallet, to listener calls about everything from pet insurance to insuring classic cars, Insurance Hour is an entertaining way to learn about insurance and make the best decisions for your home, car, and life. Karl Susman is a 30-year insurance agency owner, in-demand media commentator and analyst, legislative consultant, and expert witness in state, federal and criminal courts across the United States. Available on all podcast platforms, as well as great radio stations such as KEIB, KTRB, KCBQ, KCAA, KFBK, KMET, KZSB. For more information about "Insurance Hour" and its programming, please reach us at pr@insurancehour.com
Episodes
Show Summary
In this episode of “Insurance Hour,” host Karl Susman delves into the intricacies of how insurance works, exploring the foundational concepts and modern practices of the industry. Karl discusses the importance of diversification, investment strategies, and reinsurance to ensure insurance companies have enough funds to cover claims. He explains the historical roots of insurance, using Abraham Lincoln’s log cabi...
In this episode of "Insurance Hour," host Karl Susman sits down with Dennis Beaver, an experienced civil litigation attorney, to discuss the intersection of law and insurance. They delve into the common pitfalls consumers face when dealing with personal injury claims and the importance of selecting the right attorney. Beaver highlights the dangers of "personal injury mills," law firms that prioritize quick settl...
In 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 clarifi...
In 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 ris...
In 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 pr...
The 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 mod...
The 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 Departme...
This 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...
In 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...
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...
In 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 premium...
The 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 i...
This 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, an...
This 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...
This episode of "Insurance Hour" explores the concept of social inflation and its impact on insurance claims and premiums. It explains how cultural shifts in attitudes towards insurance claims contribute to higher payouts and, consequently, higher premiums. The episode suggests a societal need to reconsider our approach to insurance, emphasizing insurance as protection for significant losses rather than a refund mechanism...
This episode of "Insurance Hour" hosted by Karl Susman on February 16, 2024, dives deep into the nuances of insurance, focusing on social inflation, classic car insurance, pet insurance, and advice for tech startups and mechanics regarding insurance needs. Karl explains social inflation as the rising costs of insurance claims driven by societal attitudes towards litigation and responsibility, not natural disasters or acci...
The "Insurance Hour" episode delves into the complexities of dealing with difficult claims adjusters, offering insights and advice for Californians navigating insurance policies. The show aims to demystify the insurance claims process, providing listeners with practical strategies to effectively communicate with adjusters, understand their rights, and ensure fair treatment. Through expert interviews and listener stories, ...
The "Insurance Hour" podcast episode from February 9, 2024, hosted by Karl Susman, covers essential tips and advice on managing insurance claims following severe weather events affecting both the West and East coasts of the United States. The show focuses on practical steps for policyholders to prepare for and respond to storms, including how to safeguard properties, manage power outages, and deal with vehicle protection....
This mini-episode Insurance Hour podcast delves into the notable uptick in auto insurance premiums, pinpointing reasons behind these surges like rising repair costs and increased claims. It explores regulatory challenges, particularly in California, where existing laws limit insurers' ability to price products based on comprehensive risk assessments. This situation leads to broader premium hikes affecting all drivers. The epis...
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