Apartment News

The Latest on California’s Insurance Crisis and Coverage Options


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Over the past several years, we have experienced carriers pulling out from California’s home and property insurance market due to wildfires and soaring construction costs. Many property owners find that insurers have stopped writing new policies in California, the nation’s most populous state. To offset losses, many carriers have applied for double-digit rate increases.

DISCUSSION TOPICS INCLUDE:

  • The status of the California insurance market, including trends we are seeing with premiums, availability, and coverage.
  • Tips on obtaining an insurance policy, and how to be a “good insured” policy holder.
  • Proprietary coverage options are available only through Trucordia.
  • What to expect when renewing your policy…insurance availability, increasing premiums and reduced coverages. How to read your policy – what to look for.
  • 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?

GUEST SPEAKER: Joe Naworski, Vice President of Sales and Operations NW Platform, Trucordia (Formerly 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 Vice President of Sales and Operations NW Platform at Trucordia.

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Apartment NewsBy Apartment News Publications, Inc. on behalf of the Apartment Association of Greater Los Angeles