How to Navigate the California Insurance Crisis
Sponsored by Kern Insurance and Green Zuru
Understand the state of today’s insurance market and get the information you need to obtain adequate coverage at a reasonable cost.
Late last year, California Insurance Commissioner Lara announced his “Sustainable Insurance Strategy,” which would be the biggest overhaul of the state’s insurance policy in more than 30 years. Commissioner Lara has promised to make his proposed changes effective by the end of 2024, though he acknowledged it will take a while for those changes to stabilize the market. The strategy aims to entice insurance companies to return to writing fully in California once again by giving them several things they’ve wanted for years. Proposed changes include faster rate approvals for which carriers have complained it takes the Insurance Department more than a year to approve and, as a result, in recent years carriers have not been able to keep up with inflation and rising risks.
WEBINAR DISCUSSION TOPICS INCLUDE:
- The current status of California habitational insurance and the what, why, and how on premiums, availability, and coverages.
- Tips on having an insurance policy, and how to be a “good insured” policy holder.
- Available insurance only through KERN Insurance Associates.
- What to expect when you renew your policy…insurance availability, increasing premiums and reduced coverages.
- Why are insurance rates increasing? Some problems: Reinsurance Rates, Claims, California Department of Insurance
- What you can do to deal with today’s marketplace challenges…Learn what you can do to act on what you can control.
- Surplus lines and non-admitted carriers can save money, but do they carry risks? What about the California Fair Plan?
- The need for proper risk management, good support system, and knowledgeable insurance expertise.
GUEST SPEAKER: Joe Naworski, Managing Partner, Kern Insurance
Accomplished insurance professional with 30+ years of experience in the industry. He has established himself as a trusted advisor for clients seeking expert guidance on insurance policies, underwriting, and risk management. His experience has been vital to his success as the Managing Partner at Kern Insurance Associates, a PCF partner. For more information, call Mr. Naworski at (844) 444-5376 or go to www.Kern.com.
