Insurance Hour with Karl Susman

In 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 ...

In 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 practic...

In 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...

In 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 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...

In 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 indus...

In 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 ...

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...