FOX 11 News IN DEPTH - Karl Susman Talks LA Wildfire Damage & Insurance Challenges Ahead

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.

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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@ins