Lunch & Learn: Navigating the California Insurance Crisis

IN-PERSON: NAVIGATING THE CALIFORNIA INSURANCE CRISIS

Join Us for a "Lunch & Learn" featuring Kern Insurance Associates. Understand the state of today's insurance market and get the information you need to obtain adequate coverage at a reasonable cost.

Event Details:

When:

Wednesday, January 29, 2025
12:00 P.M. – 1:30 P.M.

How to Attend:

Exclusively for AAGLA Members. Please log in to register at the link below.

Outdated insurance regulations in California have negatively impacted today's insurance market. Lengthy rate approvals and restrictions on pricing for risk have created significant challenges for many carriers. Wildfires have burned millions of acres and destroyed thousands of homes, prompting many insurers to stop offering coverage or pull out of California entirely. State Farm, among others, recently stopped accepting applications for new property and casualty insurance due to inflation, a difficult reinsurance market, and growing catastrophe exposure.

California Insurance Commissioner Ricardo Lara has announced a new "Sustainable Insurance Strategy" with catastrophe modeling regulations aimed at restoring coverage availability in wildfire-distressed areas.

Webinar Discussion Topics Include:

• The current status of California habitational insurance — premiums, availability, and coverage.
• Tips for being a "good insured" policyholder.
• Exclusive insurance options through Kern Insurance Associates.
• What to expect when you renew your policy — availability, premiums, and reduced coverage.
• How to read your policy — what to look for.
• Why rates are increasing: reinsurance costs, claims, California Department of Insurance.
• What actions you can take to navigate today’s insurance market.
• Surplus lines and non-admitted carriers — cost savings vs. risks. What about the California Fair Plan?
• The importance of risk management and having expert support.
• Live Q&A throughout the session to address your concerns.

Important Disclaimer:

The information provided during this seminar is for general informational purposes only. No legal or tax advice will be given. Every situation is unique, and regulations may change. Always consult with a licensed legal or tax advisor before taking action.

Seminar Leader & Insurance Expert:

Benjamin Sarto, CLCS
Senior Broker & Risk Consultant

An accomplished insurance professional with over 10 years of experience, Benjamin Sarto is a trusted advisor for clients in underwriting, risk management, and real estate insurance. He specializes in multi-family and commercial property insurance.

Phone: (310) 633-0858
Email: bsarto@gordoninsurance.com

Moderator:

Daniel Yukelson, AAGLA Executive Director

Daniel Yukelson is the Executive Director of the Apartment Association of Greater Los Angeles. A CPA by training, he has served as CFO for several public and private companies including Premiere Radio Networks and Oasis West Realty. He has also served as a Planning and Public Works Commissioner for Beverly Hills.

Featured Sponsor:

Kern Insurance Associates

Kern Insurance Associates is a premier brokerage offering tailored property and casualty insurance solutions. Their exclusive insurance programs are designed to meet the needs of property owners, especially those with difficult-to-insure assets in California’s challenging market. They leverage data insights and strong carrier relationships to provide cost-effective, customized coverage. For more information, call (844) 444-KERN (5376) or visit https://kern.com/.

Seminar Registration Ticket Pricing:

• Member Ticket: $0.00
• Future Member: $25.00

Featured Presentation By:

Kern