From Chaos to Clarity: Charles Katz Explores California’s Insurance Turmoil

surance Turmoil

California's insurance market is facing serious challenges, and no one understands this better than Charles Katz. With nearly 57 years of experience in the insurance industry, Charles has seen it all—from working with Fortune 500 companies to helping individual homeowners navigate an increasingly complex system.

In this episode, Charles shares his journey from California to Indiana and back, and how he built a career in property and casualty insurance. He breaks down the current insurance crisis in California, including the billion-dollar assessment recently imposed on insurers, the growing reliance on the California Fair Plan, and how new players are emerging to fill the gaps left by major insurance companies exiting the state.

We also dive into:

• Why independent brokers like Charles are more important than ever
• How the online insurance world is changing the way people shop for coverage
• The impact of fire season and climate change on insurance rates
• The growing need for cyber insurance and how businesses should prepare

 

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