A 5.2 magnitude earthquake that hit Julian and shook the rest of San Diego County has sparked interest in insurance from homeowners countywide.
CBS 8 spoke with experts on what options are available for homeowners to protect their homes.

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In this video, ABC10 speaks with insurance expert Karl Susman to address an important question: How will the proposed rate hikes impact the average customer? Susman offers valuable insights, emphasizing that the effects of the potential increase will vary from person to person. Rather than a blanket change, the adjustments are focused specifically on the fire insurance portion of your policy and will depend heavily on your individual risk profile. For many policyholders, this means the increase won’t apply across their entire premium. In fact, those living in low-risk fire areas could even see a reduction in their insurance costs. On the other hand, customers in high-risk fire zones are likely to face the most significant premium hikes—potentially meeting or exceeding the projected rates. Understanding where you stand in terms of risk is essential. Stay informed to see how these changes could affect your coverage and costs.

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In this video, Karl Susman shares a detailed update on the current status of State Farm’s proposed rate increase, which was the subject of a pivotal three-day hearing last week. During the hearing, both sides presented their arguments, and the judge is now deliberating before issuing a recommendation. However, the final decision still lies with the California Department of Insurance. Key takeaways from the hearing suggest that the Department of Insurance recognizes the urgency of the situation and appears to be leaning in favor of State Farm’s proposal. The company’s offered concessions—such as issuing customer refunds for any unused funds and securing additional capital from out-of-state operations—have helped make the proposal more appealing and could be influencing the Department’s position. Karl Susman also underscores a critical concern: if the Department ultimately denies any rate increase, it could have negative ripple effects across the insurance market. Without the ability to adjust rates, many insurers may become hesitant to write new policies—especially without clear support and guidance from the state during such a volatile period.

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In this video, Karl Susman breaks down the recent meeting between Insurance Commissioner Ricardo Lara and officials from State Farm. Held just before the highly anticipated hearing on State Farm's proposed rate increase, the meeting centered on the logistics of the rate hike and emphasized the company’s intent to remain in California. With State Farm covering roughly 20% of the state’s insurance market, their potential exit could have major implications for policyholders across California. Commissioner Lara also explored whether State Farm would be open to further concessions. As it stands, the company has pledged to raise an additional $400 million from its out-of-state operations and has agreed to provide refunds—with interest—for any unused funds related to the rate increase. This marks a significant step toward balancing the stability of the insurance market with fair outcomes for California consumers.

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In this video, Karl Susman explores the future of insurance in California—specifically, whether companies will honor their commitments and pay out claims following the devastating LA wildfires. Understandably, many residents have been left worried about whether insurance will come through in such a difficult time. But there’s encouraging news: insurers are indeed stepping up and beginning to process payouts for those impacted. In the immediate aftermath of the fires, there was real concern that many insurance companies might exit the California market entirely. However, thanks to the California Department of Insurance and its forward-thinking, Sustainable Insurance Strategy, we’re seeing signs of recovery and renewed confidence. This approach is helping insurance companies return to the market and continue supporting Californians when it matters most. As the state rebuilds, it’s more important than ever to stay informed—and hopeful—about the road ahead.

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Karl Susman returns to ABC10 for another valuable discussion—this time, diving into the often-overlooked details of the insurance world. One key topic? Additional Living Expenses coverage. After the recent devastating wildfires, many people found themselves without a home and without the necessary coverage to bridge the gap. Additional Living Expenses can provide vital financial support if you're forced to leave your home, but many policies don’t include enough to cover real costs—especially in the case of a total loss. Experts warn that rebuilding will not start for another 12 to 18 months. If your home is paid off and you're living mortgage-free, now is not the time to let your guard down. Your home is a major asset—and it deserves proper protection. Susman urges every homeowner to, at the very least, have fire insurance in place. The time to update and strengthen your insurance plan is before disaster strikes. Protect your peace of mind, and make sure your coverage is as solid as your home.

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Homeowners whose properties experienced some damage from the recent wildfires are frustrated with the FAIR Plan after experiencing complications with their claims.

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Listen: Insurance Expert Karl Susman is following the California Department Of Insurance hearing with State Farm regarding their emergency rate increase request.

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