Lunch & Learn: Navigating the World of Insurance Like a Pro - Solutions for the California Insurance Crisis!

IN PERSON: Navigating the World of Insurance Like a Pro - Solutions for the California Insurance Crisis!

Join Us for a “Lunch & Learn” Featuring Kern Insurance Associates

Details

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

Time: 12:00 P.M. – 1:30 P.M., on Thursday, May 15, 2025

How to Attend: Logged In Users Can Register Using the “Register Now” Button

Cost: Free to AAGLA Members | $25.00 Future Members

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. 

More and more, insurance carriers have pulled back from California’s home and property insurance market due to increasing wildfire risks and soaring construction costs, and prompting these insurers to stop writing new policies in California, the nation’s most populous state. During the past two years, State Farm announced it would stop accepting applications for all California business and personal coverage lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” Other insurance carriers have followed suit, and as a result, many California residents are left with little to no options for homeowners insurance — particularly those with homes in areas most at risk of wildfire damage.

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.

During this in-person seminar, you will learn:

• 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.
• How to read your policy – what to look for.
• 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.
• And, of course, much, much more!  Live Q&A throughout the presentation to get your questions answered.

Seminar Leader & Insurance Expert:

Joe Naworski, Kern Insurance Associates
 
Joe Naworski is an 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. 

Moderator:

Daniel Yukelson, AAGLA Executive Director

Daniel Yukelson is currently the Executive Director of The Apartment Association of Greater Los Angeles (AAGLA).  As A Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and since then had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies.  Prior to joining AAGLA, Yukelson served for 12 years as Chief Financial Officer for Premiere Radio Networks, now a subsidiary of I-Heart Media, and then 3 years as Chief Financial Officer for Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills where he was involved with the development and construction of the Waldorf.  Yukelson also served for 6 years as a Planning Commissioner and for 3 years as a Public Works Commissioner for the City of Beverly Hills.

Featured Sponsor:

Kern Insurance Associates
 
Kern Insurance Associates is a premier brokerage specializing in property and casualty insurance, dedicated to providing robust insurance solutions for property owners, investors, and management firms. With decades of experience, Kern Insurance has developed a deep understanding of the unique challenges faced by property owners in today’s complex insurance landscape. We’ve worked diligently to cultivate an exclusive insurance program designed specifically for property owners, offering tailored coverage options that meet the needs of even the most hard-to-insure properties, particularly in California’s challenging market.

Our mission is to provide comprehensive, competitive insurance solutions that protect our clients' assets, mitigate risks, and promote long-term financial stability. We leverage strong relationships with top insurance carriers and use data-driven insights to negotiate favorable terms and rates. At Kern Insurance, we pride ourselves on going above and beyond for our clients, ensuring that every property is adequately protected, and we remain a step ahead of the ever-evolving market trends. For more information, call (844) 444-KERN (5376) or go to https://kern.com/. 

Important Disclaimer: The information and materials provided during this presentation is for general information purposes only. Absolutely no legal or tax advice is being given during this presentation. Keep in mind that every situation is unique, and the laws, rules and regulations are subject to change at any time. So, before acting, be sure to obtain tax and/or legal advice from your licensed professional.