Navigating California's Insurance Crisis: Prop 103 and the Road Ahead

Insurance Hour with Karl Susman

The latest episode of Insurance Hour, hosted by Karl Susman, dives into the current challenges facing the California insurance market. The show begins with a discussion on Proposition 103, a significant piece of legislation passed in 1988, and its long-term impacts on the insurance landscape. Karl explains how the historical reliance on Prop 103 has contributed to today's insurance crisis, particularly in the context of climate change, wildfires, and other natural disasters. He discusses the California Sustainable Insurance Strategy introduced by Insurance Commissioner Ricardo Lara, which aims to modernize the insurance system, improve availability, and create a more competitive market. The episode also highlights the growing reliance on the California Fair Plan as a last resort for many homeowners and the implications of this shift. Karl wraps up by providing insights on what changes are expected in the near future and how consumers can prepare for the evolving insurance environment in California.

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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 [email protected]