Out-dated insurance regulations in California have negatively impacted today's insurance market. Lengthy rate approvals and restrictions preventing pricing to risk have presented unsurmountable challenges for many California insurance carriers. In addition, wildfires have burned millions of acres of forests and destroyed tens of thousands of homes in California over the past several years. At a time when it’s more vital than ever for property owners to have adequate insurance coverage, many carriers have decided to no longer insure homes in certain parts of the state, while others have left the property insurance market here in California altogether.

Just recently, California Insurance Commissioner, Ricardo Lara, announced the launch of what has been described as a “first of its kind” catastrophe modeling and ratemaking regulation as part of his so-called “Sustainable Insurance Strategy” to increase coverage in wildfire-distressed areas of the state. This new regulation is supposed to allow homeowners and businesses to see greater availability of insurance coverage, market stability, and recognition for wildfire safety through use of catastrophe modeling.

We're discussing the current state of the California insurance market, the coverage options available, and the cost of insurance coverage today and in the future.

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.