California Insurance situation - can we fix it?

Insurance Hour with Karl Susman

Let’s discuss the challenges facing California's insurance industry amidst climate change. It paints a picture of California's natural beauty and economic strength, but also its vulnerability to escalating natural disasters like wildfires, droughts, and floods. These climate change-fueled events are increasing risks and costs for insurers, but regulations constrain their ability to adequately price risk. Insurers face a balancing act between fair access and affordability versus fiscal sustainability.
Solutions lie in innovation like leveraging technology to better understand risks, flexible regulatory frameworks, and collaborative approaches between insurers, policymakers, builders, and homeowners. Consumers also have a role in mitigating risks. The issues in California's insurance market reflect global climate change challenges that demand unified responses. We talk about statistics including the surge in climate change claims for insurers and the skyrocketing of wildfire and flood risks and associated costs. Overall, there is much to be done, together and employing the need for agility, foresight and shared responsibility to create a resilient insurance market and society in the face of climate change.

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 great AM radio stations 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 [e-mail]