How to Navigate the California Insurance Crisis

Understand the state of today's insurance market and get the information you need to obtain adequate coverage at a reasonable cost.

Outdated regulations in California’s insurance market—such as lengthy rate approvals and restrictions on pricing to risk—have made it challenging for many carriers. Wildfires have also destroyed millions of acres of forest and tens of thousands of homes across the state. As a result, many insurers have exited California’s property insurance market entirely.

Last year, two major carriers, including State Farm, stopped writing new policies in California. The reasons include wildfire risk, inflation, rising construction costs, and a challenging reinsurance environment.

California Insurance Commissioner Ricardo Lara has proposed a Sustainable Insurance Strategy, expected to take effect by the end of 2024. It promises faster rate approvals and reforms that may entice insurers to return to California's market. But change will take time.

Join us for this important webinar presented by insurance experts from Kern Insurance Associates. Learn about the state of California’s insurance market, coverage options that exist today, and what coverage may cost you now and in the future.

During this webinar, you will learn:

• The current status of California habitational insurance—premiums, availability, and coverage
• How to be a "good insured" policyholder
• Exclusive programs available only through Kern Insurance Associates
• What to expect when renewing—availability, rising premiums, and reduced coverages
• How to read your policy and what to look for
• Why rates are increasing: reinsurance, claims, state regulations
• What you can control in this evolving marketplace
• Surplus lines and non-admitted carriers—benefits and risks
• Understanding the California FAIR Plan
• Importance of risk management, expert guidance, and having the right support team

Live Q&A will take place throughout the presentation.

Please log in to register at www.aagla.org/events.

If you have any questions, email Events Manager Diana Alcaraz at diana@aagla.org.

THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES, AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. BEFORE ACTING, CONSULT YOUR LICENSED PROFESSIONAL.

Our Panelist:

Joe Naworski, Managing Partner, Kern Insurance Associates
Joe Naworski is an accomplished insurance professional with over 30 years of industry experience. As Managing Partner at Kern Insurance Associates, a PCF partner, Joe is a trusted advisor for insurance policies, underwriting, and risk management.
For more information, call (844) 444-5376 or visit www.kern.com.

Moderator:

Daniel Yukelson, AAGLA Executive Director

• Daniel Yukelson is the Executive Director of the Apartment Association of Greater Los Angeles (AAGLA). A Certified Public Accountant, he previously served as CFO for Premiere Radio Networks and Oasis West Realty, and held public service roles in Beverly Hills.

Featured Sponsor:

Kern Insurance Associates
Kern Insurance Associates is a premier brokerage specializing in property and casualty insurance for property owners, investors, and managers. With decades of experience and a deep understanding of California’s insurance challenges, Kern offers tailored programs to protect hard-to-insure properties. They work with top carriers and use data to negotiate the best terms for their clients.
Call (844) 444-KERN (5376) or visit www.kern.com.

Webinar Registration Ticket Price:
Member Ticket: $0.00
REGISTRATION ENDS: November 5, 2024

Featured Presentation By:

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