WEBVTT
Region: id=rollup2 lines=2 scroll=up
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ALL TO OUR JOINT HEARING. OF THE
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JOINT LEGISLATIVE COMMITTEE ON
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EMERGENCY MANAGEMENT AND THE
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SENATE INSURANCE COMMITTEE. I AM
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THE CHAIR OF THE OF LEGISLATIVE
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COMMITTEE ON EMERGENCY
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MANAGEMENT HANNAH BETH JACKSON.
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I AM THE REPRESENTATIVE OF THE
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NINETEENTH SENATE DISTRICT.
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SOME OF YOU MAY BE AWARE OF IT
00:00:32.866 --> 00:00:35.836 region:rollup2
IT'S ALL OF THE COUNTY OF SANTA
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BARBARA.
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AND WESTERN VENTURA COUNTY BOTH
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OF WHICH RIGHT NOW OR UNDER
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MANDATORY EVACUATIONS AS A
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RESULT OF THE FIRES. WE'RE
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EXPECTING SOME MAJOR RAINS AND
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THE POTENTIAL FOR SIMILAR. OF
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MUD. AND DEBRIS.
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EVENTS SIMILAR TO WHAT WE HAD
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JUST A COUPLE MONTHS AGO SO. I
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GOT AN EYE ON. MY PHONE IF YOU
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DON'T MIND TO WHILE I HEAR HOW
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THINGS ARE GOING. UP BUT THIS IS
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A A VERY IMPORTANT DISCUSSION
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ABOUT INSURANCE IN THE ERA OF
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CLIMATE CHANGE AND.
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I AM DELIGHTED TO BE JOINED
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TODAY BY MEMBERS OF THE SENATE
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INSURANCE COMMITTEE INCLUDING.
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THE NEW IS CHAIR OF THE SENATE
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COMMITTEE SENATORS STEVE GLAZER
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WHO.
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IS NOW THE OFFICIAL CHAIR OF
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THE SENATE INSURANCE COMMITTEE
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OF PARTICIPATING IN THIS EVENT
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OF THIS AFTERNOON. AND WOULD
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LIKE TO EXTEND A WARM WELCOME TO
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OUR OTHER MEMBERS OF THE JOINT
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COMMITTEE AND ALL THE.
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DISTINGUISHED IT WITNESSES AND
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GUESS WHO TRAVELED FROM. OF ALL
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OVER THE STATE TO BE WITH US
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TODAY AND TO DISCUSS WITH US.
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THE TOPIC OF DRAW TO CLIMATE
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CHANGE AND FIRE.
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HOW IS THE CALIFORNIA HOMEOWNERS
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INSURANCE MARKET RESPONDING?
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AND.
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THIS PAST YEAR IS SO I THINK WE
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ALL KNOW CALIFORNIA EXPERIENCED
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ITS LARGEST AND MOST
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DESTRUCTIVE.
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WILDFIRE SEASON IN HISTORY.
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NEARLY NINE THOUSAND.
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WILD FIRES IGNITED ACROSS THE
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STATE.
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BURNING OVER ONE POINT TWO
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MILLIONACRES OF LAND I MEAN
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THESE NUMBERS ARE JUST
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ASTRONOMICAL AND SHOCKING.
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IT DESTROYED THESE FIRES
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DESTROYED MORE THAN TEN THOUSAND
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EIGHT HUNDRED STRUCTURES.
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KILLED AT LEAST FORTY SIX
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PEOPLE.
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AND FIVE OF CALIFORNIA'S MOST
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DESTRUCTIVE WILDFIRES ON RECORD
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OCCURRED. IN THIS PAST YEAR
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INCLUDING THE THOMAS FIRE WHICH
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BURNED WHOLLY WITHIN THE
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NINETEENTH SENATE DISTRICT.
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AND OF. BEGAN ON DECEMBER FOURTH
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SOMETHING WHICH IN AND OF ITSELF
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IS QUITE IN AN EXTRAORDINARY
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EVENT TO A GIVEN THAT.
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THE TRADITIONAL FIRE SEASON IN
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CALIFORNIA RUNS FROM ABOUT APRIL
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TO OCTOBER.
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OF THIS YEAR THIS FIRE STARTED
00:02:45.666 --> 00:02:49.036 region:rollup2
LITERALLY AN HOUR AND A HALF
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AFTER I'D GAVEL DOWN A HEARING.
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TALKING ABOUT OUR EMERGENCY
00:02:50.537 --> 00:02:55.142 region:rollup2
ALERT SYSTEMS AND HOW THEY HAD.
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WORKED OR FAILED IN THE
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NORTHERN CALIFORNIA FIRES JUST A
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FEW MONTHS EARLIER. SO.
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WE ARE LOOKING AT.
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A A NEW REALITY HERE POWER WE
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ARE LOOKING AT A TWELFTH MONTH
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YOUR FIRE SEASON. AND INDEED
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THE.
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THOMAS FIRE BURNED OVER TWO
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HUNDRED EIGHTY TWO THOUSAND
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ACRES MAKING IT THE LARGEST
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WILDFIRE IN CALIFORNIA HISTORY.
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IT BURNED FOR FORTY DAYS.
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FORTY DAYS FORTY NIGHTS.
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.
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AND FOR THOSE OF US WHO HAD TO.
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A LIVE WITHIN THAT IT WAS REALLY
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ONE OF THE MOST DRAMATIC I THINK
00:03:29.476 --> 00:03:33.280 region:rollup2
NATURAL DISASTERS ONE CAN
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EXPERIENCE IN OF COURSE. OUR
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FIRST RESPONDERS.
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DID AN EXCEPTIONAL JOB BUT
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NONETHELESS WE STILL LOST OVER
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THOUSAND STRUCTURES IN THAT
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AREA.
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AND THAT WAS A BEFORE. THE RAIN
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ADVANTAGE IN THEIR MIND A SIDO
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UM WHICH ACTUALLY OCCURRED THREE
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DAYS BEFORE THE THOMAS FAR WAS
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ACTUALLY EVEN FULLY CONTAINED
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THAT GIVES YOU AN IDEA. NATURE
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IS NOT BEEN VERY HAPPY WITH US
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RECENTLY AND.
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.
00:03:59.639 --> 00:04:02.175 region:rollup2
WE GOT INFECTED MONASHEE DOVE
00:04:00.841 --> 00:04:03.176 region:rollup2
RIGHT AFTER THE FIRES IN THE
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ENTIRE BURDEN KILL SIDE.
00:04:03.176 --> 00:04:07.481 region:rollup2
THEY HAD A RECORD HALF INCH OF
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RAIN IN FIVE MINUTES.
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WHICH IS WHAT PRECIPITATED THESE
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MUD SLIDES.
00:04:09.649 --> 00:04:11.551 region:rollup2
AND.
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.
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CREATED. A RIVER OF MUD IN
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BOULDERS AND DEBRIS USE THAT I
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DON'T THINK WE'VE EVER SEEN.
00:04:17.691 --> 00:04:21.695 region:rollup2
BEFORE IN CALIFORNIA. AND
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ULTIMATELY KILLED AN ADDITIONAL
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TWENTY THREE PEOPLE.
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AND DAMAGED OR DESTROYED MORE
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THAN ANOTHER FOUR HUNDRED HOMES
00:04:26.566 --> 00:04:29.669 region:rollup2
SO.
00:04:27.968 --> 00:04:31.538 region:rollup2
NOT INCLUDING THAT OF FANTASY
00:04:29.669 --> 00:04:34.107 region:rollup2
THE PROJECTED INSURANCE LOSSES
00:04:31.538 --> 00:04:37.043 region:rollup2
FOR TWENTY SEVENTEEN EXCEED.
00:04:34.107 --> 00:04:38.578 region:rollup2
OVER TWELVE BILLION DOLLARS.
00:04:37.043 --> 00:04:40.213 region:rollup2
AND UNFORTUNATELY.
00:04:38.578 --> 00:04:43.183 region:rollup2
THIS DOES NOT THIS YEAR DOES
00:04:40.213 --> 00:04:44.951 region:rollup2
NOT APPEAR TO BE AN ABNORMALITY.
00:04:43.183 --> 00:04:46.953 region:rollup2
TO THE CONTRARY MOST OF OUR
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LARGEST FIRES WILDFIRES HAVE
00:04:46.953 --> 00:04:50.857 region:rollup2
OCCURRED WITHIN THE PAST THIRTY
00:04:48.622 --> 00:04:52.826 region:rollup2
YEARS AND WAS MENTIONED. A OF
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FIVE OF THE TOP FIRES JUSTIN
00:04:52.826 --> 00:04:55.829 region:rollup2
TWENTY SEVENTEEN SO.
00:04:54.361 --> 00:04:57.164 region:rollup2
CLEARLY CHANGING CLIMATE
00:04:55.829 --> 00:04:59.399 region:rollup2
PATTERNS HAVE MADE OUR STATE
00:04:57.164 --> 00:05:02.769 region:rollup2
MORE VULNERABLE TO WILDFIRES
00:04:59.399 --> 00:05:04.504 region:rollup2
WITH MASSIVE TREE DIOXIN INSECT
00:05:02.769 --> 00:05:05.472 region:rollup2
INFESTATIONS.
00:05:04.504 --> 00:05:07.741 region:rollup2
YEAR ROUND FIRE WEATHER
00:05:05.472 --> 00:05:09.543 region:rollup2
CONDITIONS AND CRITICAL LEVELS
00:05:07.741 --> 00:05:11.645 region:rollup2
OF FUELS ACCUMULATIONS.
00:05:09.543 --> 00:05:13.780 region:rollup2
ALL OF COMBINED TO CREATE SEVERE
00:05:11.645 --> 00:05:16.082 region:rollup2
FIRE RISKS POWER THROUGHOUT.
00:05:13.780 --> 00:05:17.417 region:rollup2
CALIFORNIAN DEED WE ARE A SPEND
00:05:16.082 --> 00:05:19.419 region:rollup2
NOW ABOUT ONE POINT EIGHT
00:05:17.417 --> 00:05:22.556 region:rollup2
MILLION BILL THREE POINT EIGHT
00:05:19.419 --> 00:05:23.256 region:rollup2
MILLION TREES HAVE DIED AND ARE
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STILL.
00:05:23.256 --> 00:05:28.128 region:rollup2
POTENTIAL FUEL FOR ADDITIONAL
00:05:25.859 --> 00:05:29.963 region:rollup2
FIRES THROUGHOUT OUR STATE SO.
00:05:28.128 --> 00:05:31.665 region:rollup2
.
00:05:29.963 --> 00:05:34.634 region:rollup2
THAT ALONE SHOULD GIVE US
00:05:31.665 --> 00:05:37.270 region:rollup2
BECAUSE. THE AND GIVE US PAUSE
00:05:34.634 --> 00:05:39.506 region:rollup2
FOR A WHAT THE FUTURE LOOKS LIKE
00:05:37.270 --> 00:05:41.208 region:rollup2
THE NATIONAL INTERAGENCY FIRE
00:05:39.506 --> 00:05:44.010 region:rollup2
CENTER'S PREDICTIVE OUTLOOK IN
00:05:41.208 --> 00:05:45.779 region:rollup2
TWENTY EIGHTEEN. IS FORECASTING
00:05:44.010 --> 00:05:48.114 region:rollup2
ABOVE NORMAL LARGE FIRE
00:05:45.779 --> 00:05:49.616 region:rollup2
POTENTIAL IN CALIFORNIA DUE TO
00:05:48.114 --> 00:05:51.351 region:rollup2
THE PERSISTENCE OF THOSE DRY
00:05:49.616 --> 00:05:53.286 region:rollup2
FUELS THE FREQUENT OFFSHORE
00:05:51.351 --> 00:05:55.188 region:rollup2
WINDS WERE GETTING. AND THE
00:05:53.286 --> 00:05:57.123 region:rollup2
GENERALLY UNFAVORABLE WEATHER
00:05:55.188 --> 00:05:59.426 region:rollup2
THAT IS BEING PREDICTED SO THIS
00:05:57.123 --> 00:06:01.194 region:rollup2
NEW NORMAL. OF YEAR ROUND SEVERE
00:05:59.426 --> 00:06:02.996 region:rollup2
FIRE RISK HAS LED TO SIGNIFICANT
00:06:01.194 --> 00:06:04.764 region:rollup2
QUESTIONS OVER WHETHER
00:06:02.996 --> 00:06:06.900 region:rollup2
CALIFORNIA'S HOMEOWNERS WILL BE
00:06:04.764 --> 00:06:08.335 region:rollup2
ABLE TO FIND. AFFORDABLE
00:06:06.900 --> 00:06:09.436 region:rollup2
HOMEOWNER INSURANCE MOVING INTO
00:06:08.335 --> 00:06:10.870 region:rollup2
THE FUTURE.
00:06:09.436 --> 00:06:13.707 region:rollup2
AT LEAST IN THE NEAR TERM
00:06:10.870 --> 00:06:15.275 region:rollup2
HOWEVER ALL INDICATORS SUGGEST
00:06:13.707 --> 00:06:18.044 region:rollup2
THAT THE HOMEOWNERS INSURANCE
00:06:15.275 --> 00:06:19.880 region:rollup2
MARKET. IS STILL FUNCTIONING AND
00:06:18.044 --> 00:06:21.748 region:rollup2
FUNCTION WELL IN CALIFORNIA SO
00:06:19.880 --> 00:06:23.450 region:rollup2
THAT IS AT LEAST THE IMMEDIATE
00:06:21.748 --> 00:06:25.185 region:rollup2
GOOD NEWS. AND WHILE SOME
00:06:23.450 --> 00:06:26.987 region:rollup2
COMPANIES MAY B CHOOSING NOT TO
00:06:25.185 --> 00:06:29.122 region:rollup2
RENEW.
00:06:26.987 --> 00:06:31.858 region:rollup2
POLICIES IN CERTAIN AREAS IT
00:06:29.122 --> 00:06:34.194 region:rollup2
APPEARS THAT. OTHER CARRIERS ARE
00:06:31.858 --> 00:06:36.162 region:rollup2
ACTIVELY FILLING THESE VOIDS AND
00:06:34.194 --> 00:06:38.932 region:rollup2
INDIVIDUALS STILL TO THIS DAY
00:06:36.162 --> 00:06:42.369 region:rollup2
HAVE A RANGE OF CHOICES. AMONG
00:06:38.932 --> 00:06:44.170 region:rollup2
CARRIERS AND POLICY SO AT LEAST
00:06:42.369 --> 00:06:46.706 region:rollup2
THE SNAPSHOT FROM TODAY. DOES
00:06:44.170 --> 00:06:49.476 region:rollup2
APPEAR TO BE FAVORABLE.
00:06:46.706 --> 00:06:52.279 region:rollup2
GOING FORWARD A WE WILL BE
00:06:49.476 --> 00:06:55.015 region:rollup2
HEARING TODAY FROM A VARIETY OF
00:06:52.279 --> 00:06:57.651 region:rollup2
FOLKS IN THE INSURANCE MARKET.
00:06:55.015 --> 00:06:58.218 region:rollup2
IN INDUSTRY. WILL HEAR ALSO
00:06:57.651 --> 00:07:01.388 region:rollup2
FROM.
00:06:58.218 --> 00:07:03.323 region:rollup2
THE. OF THOSE WHO ARE FIGHTING
00:07:01.388 --> 00:07:04.758 region:rollup2
THE FIRES ON THE GROUND WILL BE
00:07:03.323 --> 00:07:06.026 region:rollup2
HEARING FROM OUR STATE
00:07:04.758 --> 00:07:08.094 region:rollup2
DEPARTMENT OF INSURANCE AND
00:07:06.026 --> 00:07:10.997 region:rollup2
INSURANCE COMMISSIONER. FROM A
00:07:08.094 --> 00:07:12.232 region:rollup2
STATEWIDE PERSPECTIVE AND.
00:07:10.997 --> 00:07:14.434 region:rollup2
HOPEFULLY WE WILL THEN HAVE
00:07:12.232 --> 00:07:16.569 region:rollup2
PUBLIC COMMENT WHERE WE WILL ASK
00:07:14.434 --> 00:07:17.137 region:rollup2
YOU IF YOU DO WISH TO SPEAK AS A
00:07:16.569 --> 00:07:19.172 region:rollup2
MEMBER THE PUBLIC.
00:07:17.137 --> 00:07:21.741 region:rollup2
TO COME TO THAT MICROPHONE AND
00:07:19.172 --> 00:07:22.275 region:rollup2
TO. GIVE YOUR NAME AFFILIATION
00:07:21.741 --> 00:07:24.077 region:rollup2
AND.
00:07:22.275 --> 00:07:26.179 region:rollup2
WILL GIVE YOU UP TO A TWO
00:07:24.077 --> 00:07:26.479 region:rollup2
MINUTES TO SHARE YOUR THOUGHTS
00:07:26.179 --> 00:07:28.181 region:rollup2
WITH US SO.
00:07:26.479 --> 00:07:29.482 region:rollup2
.
00:07:28.181 --> 00:07:32.319 region:rollup2
AS I MENTIONED WE HAVE.
00:07:29.482 --> 00:07:33.687 region:rollup2
DAVE JONES WITH US AND I AM A
00:07:32.319 --> 00:07:35.221 region:rollup2
PARTICULARLY INTERESTED IN
00:07:33.687 --> 00:07:36.990 region:rollup2
HEARING THE THOUGHTS ON THE LONG
00:07:35.221 --> 00:07:38.658 region:rollup2
TERM HEALTH OF CALIFORNIA'S
00:07:36.990 --> 00:07:41.027 region:rollup2
HOMEOWNER INSURANCE MARKET.
00:07:38.658 --> 00:07:43.596 region:rollup2
THIS IS A CRITICAL TIME BECAUSE
00:07:41.027 --> 00:07:45.632 region:rollup2
AS WE KNOW. OF FOR MOST OF US
00:07:43.596 --> 00:07:47.534 region:rollup2
FOR MANY OF US AT LEAST OUR MOST
00:07:45.632 --> 00:07:49.035 region:rollup2
VALUABLE ASSET IF WE ARE
00:07:47.534 --> 00:07:50.670 region:rollup2
FORTUNATE ENOUGH TO HAVE GOTTEN
00:07:49.035 --> 00:07:52.439 region:rollup2
IN THE CALIFORNIA MARKET. IN A
00:07:50.670 --> 00:07:54.574 region:rollup2
TIMELY ENOUGH FASHION TO BE ABLE
00:07:52.439 --> 00:07:55.508 region:rollup2
TO BUY OR HOMES AND TO RETAIN
00:07:54.574 --> 00:07:57.410 region:rollup2
HOMEOWNERSHIP.
00:07:55.508 --> 00:07:58.978 region:rollup2
IT'S GOING TO BE CRITICALLY
00:07:57.410 --> 00:08:00.647 region:rollup2
IMPORTANT WE PROTECT THAT ASSET
00:07:58.978 --> 00:08:02.115 region:rollup2
SO I LOOK FORWARD TO THIS
00:08:00.647 --> 00:08:03.917 region:rollup2
DISCUSSION OF LIKE TO TURN THE
00:08:02.115 --> 00:08:05.785 region:rollup2
FLOOR OVER TO MY CO CHAIR
00:08:03.917 --> 00:08:07.821 region:rollup2
SENATOR PLACER FOR ANY OPENING
00:08:05.785 --> 00:08:08.088 region:rollup2
COMMENTS.
00:08:07.821 --> 00:08:10.724 region:rollup2
THANK YOU.
00:08:08.088 --> 00:08:12.325 region:rollup2
CHAIR JACKSON.
00:08:10.724 --> 00:08:13.293 region:rollup2
BEGINNING US ON THE AYE AYE THE
00:08:12.325 --> 00:08:14.661 region:rollup2
RIGHT FOOT WITH THE GREAT
00:08:13.293 --> 00:08:16.696 region:rollup2
PERSPECTIVE ABOUT THE AT THE
00:08:14.661 --> 00:08:18.898 region:rollup2
BROADER SITUATION THAT WE FACE
00:08:16.696 --> 00:08:19.466 region:rollup2
IN CALIFORNIA AND THE ASKING
00:08:18.898 --> 00:08:20.433 region:rollup2
THAT QUESTION IS IS THE NEW
00:08:19.466 --> 00:08:22.769 region:rollup2
NORMAL.
00:08:20.433 --> 00:08:23.370 region:rollup2
THAT WE'RE GONNA FACE AYE GOING
00:08:22.769 --> 00:08:24.037 region:rollup2
FORWARD BUT I WANT TO JOIN IN
00:08:23.370 --> 00:08:25.138 region:rollup2
IN.
00:08:24.037 --> 00:08:27.273 region:rollup2
AND THANKING THE MEMBERS FOR
00:08:25.138 --> 00:08:29.709 region:rollup2
PARTICIPATING DAR WITNESSES AND
00:08:27.273 --> 00:08:31.311 region:rollup2
MEMBERS OF THE PUBLIC FOR. BY.
00:08:29.709 --> 00:08:33.113 region:rollup2
BEING HERE FOR THIS DISCUSSION
00:08:31.311 --> 00:08:34.714 region:rollup2
ABOUT TO WHAT ALL THESE THINGS
00:08:33.113 --> 00:08:35.815 region:rollup2
GLOBAL WARMING DROUGHT FIRE WHAT
00:08:34.714 --> 00:08:37.684 region:rollup2
IS IT ALL MEAN FOR THE
00:08:35.815 --> 00:08:39.252 region:rollup2
HOMEOWNERS MARKET AND. REALLY MY
00:08:37.684 --> 00:08:41.087 region:rollup2
OF MY SUMMING UP OF THE. OF THE
00:08:39.252 --> 00:08:43.056 region:rollup2
QUESTION IS THAT WE'VE IF WE'RE
00:08:41.087 --> 00:08:43.990 region:rollup2
GOING TO CONSIDER LEGISLATION.
00:08:43.056 --> 00:08:45.792 region:rollup2
ODD IN RESPONSE TO THESE.
00:08:43.990 --> 00:08:47.527 region:rollup2
THESE ISSUES.
00:08:45.792 --> 00:08:49.262 region:rollup2
I KNOW IT IS OUR JOB TO LOOK
00:08:47.527 --> 00:08:50.930 region:rollup2
OUT FOR THE CONSUMERS.
00:08:49.262 --> 00:08:52.532 region:rollup2
AND THAT INCLUDES DOING WHAT WE
00:08:50.930 --> 00:08:54.401 region:rollup2
CAN TO PRESERVE A FUNCTIONING
00:08:52.532 --> 00:08:55.702 region:rollup2
INSURANCE MARKETS.
00:08:54.401 --> 00:08:57.203 region:rollup2
SO THAT EVERYONE WHO NEEDS
00:08:55.702 --> 00:08:58.938 region:rollup2
COVERAGE YAKKING GET IT AND I
00:08:57.203 --> 00:09:02.342 region:rollup2
LOOK FORWARD TO THE AT THE
00:08:58.938 --> 00:09:04.144 region:rollup2
TESTIMONY TODAY.
00:09:02.342 --> 00:09:07.047 region:rollup2
WOULD ANY OTHER MISTER VICE
00:09:04.144 --> 00:09:08.014 region:rollup2
CHAIR. THANK YOU OTHER GAMES ARE
00:09:07.047 --> 00:09:09.849 region:rollup2
MUCH SENATOR JACKSON.
00:09:08.014 --> 00:09:11.217 region:rollup2
JUST.
00:09:09.849 --> 00:09:13.053 region:rollup2
AS WE ENTERED TO THIS
00:09:11.217 --> 00:09:13.520 region:rollup2
DISCUSSION.
00:09:13.053 --> 00:09:15.488 region:rollup2
WITH.
00:09:13.520 --> 00:09:17.257 region:rollup2
MARKET RESPONSE.
00:09:15.488 --> 00:09:18.024 region:rollup2
.
00:09:17.257 --> 00:09:20.527 region:rollup2
AND ADEQUATE.
00:09:18.024 --> 00:09:21.895 region:rollup2
.
00:09:20.527 --> 00:09:22.729 region:rollup2
ACCESS TO MARKETS ENOUGH FOR
00:09:21.895 --> 00:09:24.998 region:rollup2
HOMEOWNERS INSURANCE.
00:09:22.729 --> 00:09:25.865 region:rollup2
.
00:09:24.998 --> 00:09:27.333 region:rollup2
I WOULD JUST ASK THAT WE BE
00:09:25.865 --> 00:09:29.002 region:rollup2
CAREFUL ABOUT MAKING SURE THAT
00:09:27.333 --> 00:09:31.304 region:rollup2
WE.
00:09:29.002 --> 00:09:32.672 region:rollup2
MAINTAIN CAPACITY I THINK YOU
00:09:31.304 --> 00:09:34.340 region:rollup2
KNOW WHAT I TAKE A LOOK AT OUR.
00:09:32.672 --> 00:09:35.542 region:rollup2
THE CAPACITY THAT WE HAVE IN
00:09:34.340 --> 00:09:37.077 region:rollup2
THE MARKETPLACE FOR HOMEOWNERS
00:09:35.542 --> 00:09:38.344 region:rollup2
INSURANCE.
00:09:37.077 --> 00:09:40.547 region:rollup2
IT SEEMS TO BE ADDRESSING THE
00:09:38.344 --> 00:09:42.682 region:rollup2
ISSUE.
00:09:40.547 --> 00:09:44.884 region:rollup2
AND AYE I SPEAK FROM MY OWN
00:09:42.682 --> 00:09:46.386 region:rollup2
EXPERIENCE IN TERMS OF WHAT.
00:09:44.884 --> 00:09:48.354 region:rollup2
WERE ABLE TO HANDLE.
00:09:46.386 --> 00:09:50.090 region:rollup2
WITHIN MY OWN INSURANCE AGENCY.
00:09:48.354 --> 00:09:52.058 region:rollup2
WE'VE GOT A NUMBER WERE
00:09:50.090 --> 00:09:52.559 region:rollup2
INDEPENDENT AGENTS BROKERS SO.
00:09:52.058 --> 00:09:53.760 region:rollup2
OUR SITUATION MAYBE IT'S
00:09:52.559 --> 00:09:55.295 region:rollup2
DIFFERENT.
00:09:53.760 --> 00:09:57.330 region:rollup2
BUT SOME AGENTS BUT.
00:09:55.295 --> 00:09:57.931 region:rollup2
WE DO HAVE ACCESS TO.
00:09:57.330 --> 00:10:00.066 region:rollup2
TO MARKETS.
00:09:57.931 --> 00:10:02.502 region:rollup2
FOR FIRE COVERAGE EVEN THE
00:10:00.066 --> 00:10:04.170 region:rollup2
HIGHER PROTECTION CLASS CODES.
00:10:02.502 --> 00:10:06.439 region:rollup2
WHEN WE TAKE A LOOK AT YOU KNOW
00:10:04.170 --> 00:10:07.907 region:rollup2
IS THERE AN OPTION THROUGH. THE
00:10:06.439 --> 00:10:11.177 region:rollup2
SURPLUS LINES MARKET.
00:10:07.907 --> 00:10:12.245 region:rollup2
THAT IS SO A PATHWAY ALSO BUT.
00:10:11.177 --> 00:10:13.713 region:rollup2
TYPICALLY WE'RE TRYING TO DEAL
00:10:12.245 --> 00:10:14.981 region:rollup2
WITH JUST THE ADMITTED MARKET
00:10:13.713 --> 00:10:16.249 region:rollup2
MAKING SURE THAT WE CAN PUT
00:10:14.981 --> 00:10:18.384 region:rollup2
PEOPLE.
00:10:16.249 --> 00:10:18.651 region:rollup2
IN GOOD COMPANIES THAT ARE
00:10:18.384 --> 00:10:20.186 region:rollup2
ADMITTED.
00:10:18.651 --> 00:10:21.988 region:rollup2
.
00:10:20.186 --> 00:10:23.022 region:rollup2
AND THE REGULATED.
00:10:21.988 --> 00:10:25.125 region:rollup2
AND THEN.
00:10:23.022 --> 00:10:27.327 region:rollup2
IN ADDITION TO THAT WE JUST
00:10:25.125 --> 00:10:28.461 region:rollup2
WANT TO MAKE SURE THAT.
00:10:27.327 --> 00:10:30.163 region:rollup2
YEAH WE HAVE THE FOR THE FAIR
00:10:28.461 --> 00:10:32.499 region:rollup2
PLAN THERE'S THAT THERE'S ACCESS
00:10:30.163 --> 00:10:33.766 region:rollup2
TO THE FAIR PLAN. IN THE EVENT
00:10:32.499 --> 00:10:35.235 region:rollup2
THAT YOU CAN'T GET COVERAGE
00:10:33.766 --> 00:10:35.602 region:rollup2
ANYWHERE ELSE.
00:10:35.235 --> 00:10:37.837 region:rollup2
AND.
00:10:35.602 --> 00:10:38.071 region:rollup2
FROM WHAT I'M HEARING IN IT.
00:10:37.837 --> 00:10:40.139 region:rollup2
POLICE.
00:10:38.071 --> 00:10:41.040 region:rollup2
.
00:10:40.139 --> 00:10:43.343 region:rollup2
REVIEWS THIS AND.
00:10:41.040 --> 00:10:43.510 region:rollup2
IF I'M AND CRACKED CRACKED ME
00:10:43.343 --> 00:10:44.811 region:rollup2
BUT.
00:10:43.510 --> 00:10:46.312 region:rollup2
.
00:10:44.811 --> 00:10:49.015 region:rollup2
FROM WHAT I'M BEING TOLD IS THAT
00:10:46.312 --> 00:10:50.817 region:rollup2
THE FAIR PLAN IS NOT.
00:10:49.015 --> 00:10:53.453 region:rollup2
SEEING A HUGE INCREASE.
00:10:50.817 --> 00:10:53.653 region:rollup2
THEN DEMAND.
00:10:53.453 --> 00:10:56.489 region:rollup2
AND.
00:10:53.653 --> 00:10:58.224 region:rollup2
BUT I TALK TO OUR MARKETS AND.
00:10:56.489 --> 00:11:00.727 region:rollup2
WHAT THEY'RE DOING WITH THE
00:10:58.224 --> 00:11:02.662 region:rollup2
BILL AVAILABILITY OF COVERAGE?
00:11:00.727 --> 00:11:03.296 region:rollup2
I THINK WHAT YOU ARE SAYING IS
00:11:02.662 --> 00:11:04.931 region:rollup2
YOUR SEEN SOME MARKETS PULLING
00:11:03.296 --> 00:11:05.298 region:rollup2
IN.
00:11:04.931 --> 00:11:07.200 region:rollup2
AND.
00:11:05.298 --> 00:11:08.968 region:rollup2
PUT UP OTHERS PULLING OUT SO
00:11:07.200 --> 00:11:09.402 region:rollup2
YOUR YOUR SEEN CHANGING
00:11:08.968 --> 00:11:11.004 region:rollup2
OCCURRING WITHIN THE
00:11:09.402 --> 00:11:12.639 region:rollup2
MARKETPLACE.
00:11:11.004 --> 00:11:13.439 region:rollup2
AND SO THAT'S GONNA DISRUPT SOME
00:11:12.639 --> 00:11:14.674 region:rollup2
FOLKS THAT ARE GONNA HAVE TO
00:11:13.439 --> 00:11:15.141 region:rollup2
FIGURE OUT NOW HOW DO I GET
00:11:14.674 --> 00:11:16.976 region:rollup2
COVERAGE.
00:11:15.141 --> 00:11:18.278 region:rollup2
AND.
00:11:16.976 --> 00:11:18.912 region:rollup2
THE COSTS THAT COVERS MAYBE MORE
00:11:18.278 --> 00:11:21.114 region:rollup2
WHAT THEY'RE PAYING.
00:11:18.912 --> 00:11:22.615 region:rollup2
.
00:11:21.114 --> 00:11:24.250 region:rollup2
WE FOR INSTANCE WE HAVE TO
00:11:22.615 --> 00:11:26.052 region:rollup2
ADMITTED MARKETS THAT.
00:11:24.250 --> 00:11:28.588 region:rollup2
WE'VE JUST A BROUGHT INTO OUR
00:11:26.052 --> 00:11:29.455 region:rollup2
AGENCY. THAT WE'RE LOOKING TO
00:11:28.588 --> 00:11:31.658 region:rollup2
APPOINT NEW AGENCIES SO.
00:11:29.455 --> 00:11:32.692 region:rollup2
.
00:11:31.658 --> 00:11:34.360 region:rollup2
I JUST KIND OF WANT TO KEEP THAT
00:11:32.692 --> 00:11:36.729 region:rollup2
IN MIND AS WE DELVE FORWARD ON
00:11:34.360 --> 00:11:37.330 region:rollup2
THIS ISSUE AND THEN WE WILL HAVE
00:11:36.729 --> 00:11:37.997 region:rollup2
LEGISLATION IS MOVING FORWARD
00:11:37.330 --> 00:11:40.466 region:rollup2
TO.
00:11:37.997 --> 00:11:41.568 region:rollup2
MUCH OF IT PRIDE VERY GOOD.
00:11:40.466 --> 00:11:43.169 region:rollup2
BUT WANT TO MAKE SURE THAT WE'RE
00:11:41.568 --> 00:11:44.637 region:rollup2
KEEPING AN EYE ON THE BALL IN
00:11:43.169 --> 00:11:46.372 region:rollup2
TERMS OF THOSE ISSUES.
00:11:44.637 --> 00:11:47.707 region:rollup2
CAP.
00:11:46.372 --> 00:11:49.475 region:rollup2
WE DON'T WANT TO HAVE AN
00:11:47.707 --> 00:11:51.511 region:rollup2
UNINTENDED CONSEQUENCE OF WHAT
00:11:49.475 --> 00:11:52.078 region:rollup2
MAY HAPPEN IN THE MARKETPLACE.
00:11:51.511 --> 00:11:55.048 region:rollup2
AS A RESULT OF TRYING TO DO
00:11:52.078 --> 00:11:55.715 region:rollup2
SOMETHING GOOD.
00:11:55.048 --> 00:11:56.549 region:rollup2
BECAUSE I THINK YOU'RE RIGHT AND
00:11:55.715 --> 00:11:59.752 region:rollup2
I COURSE THAT IS PART OF THE
00:11:56.549 --> 00:12:00.320 region:rollup2
DISCUSSION WE'RE HOPING TO HAVE
00:11:59.752 --> 00:12:01.321 region:rollup2
HERE CENTER MORE LIKE TO WE
00:12:00.320 --> 00:12:03.256 region:rollup2
SHOULD SAY THAT.
00:12:01.321 --> 00:12:04.424 region:rollup2
CHAIR OF THIS IS MY AND I'M ROLE
00:12:03.256 --> 00:12:05.792 region:rollup2
MEETING.
00:12:04.424 --> 00:12:08.161 region:rollup2
AS A MEMBER OF THE INSURANCE
00:12:05.792 --> 00:12:09.729 region:rollup2
COMMISSION SO.
00:12:08.161 --> 00:12:11.965 region:rollup2
CENTER JACKSON IF YOU COULD MAKE
00:12:09.729 --> 00:12:13.733 region:rollup2
SURE THAT SENATOR GLAZERS EASY
00:12:11.965 --> 00:12:15.435 region:rollup2
ON ME. TODAY YOU NOT KIND OF
00:12:13.733 --> 00:12:18.738 region:rollup2
SENSITIVE.
00:12:15.435 --> 00:12:20.073 region:rollup2
I'M BUT.
00:12:18.738 --> 00:12:21.374 region:rollup2
WELL NATION MY FATHER.
00:12:20.073 --> 00:12:22.909 region:rollup2
MY FATHER RAISED ME.
00:12:21.374 --> 00:12:23.943 region:rollup2
.
00:12:22.909 --> 00:12:25.878 region:rollup2
BY EARNING A LIVING AS.
00:12:23.943 --> 00:12:27.547 region:rollup2
.
00:12:25.878 --> 00:12:29.148 region:rollup2
A SALESMAN IN INSURANCE HE WAS A
00:12:27.547 --> 00:12:30.984 region:rollup2
CHARTERED LIFE UNDERWRITER.
00:12:29.148 --> 00:12:32.719 region:rollup2
AND ALSO SOLD LIFE INSURANCE AND
00:12:30.984 --> 00:12:33.987 region:rollup2
PROPERTY AND CASUALTY SO. I'M
00:12:32.719 --> 00:12:34.887 region:rollup2
ALSO A CERTIFIED FINANCIAL
00:12:33.987 --> 00:12:35.989 region:rollup2
PLANNER BUT I NEVER GOT A
00:12:34.887 --> 00:12:37.490 region:rollup2
LICENSE TO SELL INSURANCE BUT
00:12:35.989 --> 00:12:39.792 region:rollup2
TED.
00:12:37.490 --> 00:12:40.827 region:rollup2
AS A CPA DID HAVE A CLIENT THAT
00:12:39.792 --> 00:12:42.228 region:rollup2
WAS AN INSURANCE COMPANY IT WAS
00:12:40.827 --> 00:12:44.297 region:rollup2
FUN TO BE INSIDE.
00:12:42.228 --> 00:12:45.298 region:rollup2
THE BOOKS OF OF OF OF ONE SO I'M
00:12:44.297 --> 00:12:47.367 region:rollup2
I'M LOOKING FORWARD TO LEARNING
00:12:45.298 --> 00:12:49.135 region:rollup2
A LOT HERE. BUT I'M ALSO LOOKING
00:12:47.367 --> 00:12:49.736 region:rollup2
FORWARD TO SEE HOW WE INTERPLAY
00:12:49.135 --> 00:12:51.838 region:rollup2
WITH THE MARKET.
00:12:49.736 --> 00:12:53.806 region:rollup2
SO THAT WE DON'T.
00:12:51.838 --> 00:12:55.642 region:rollup2
GET IN ITS WAY BECAUSE IT DOES
00:12:53.806 --> 00:12:57.610 region:rollup2
HAVE A WAY OF SELF CORRECTING.
00:12:55.642 --> 00:12:59.012 region:rollup2
OVER THESE THINGS I'M I'M JUST
00:12:57.610 --> 00:13:01.447 region:rollup2
LOOKING FOR THE EDUCATION SO
00:12:59.012 --> 00:13:04.317 region:rollup2
THANK YOU VERY MUCH. THANK YOU.
00:13:01.447 --> 00:13:05.685 region:rollup2
A DOCTOR PAN.
00:13:04.317 --> 00:13:07.487 region:rollup2
THANK YOU ARE OBVIOUSLY THIS IS
00:13:05.685 --> 00:13:09.188 region:rollup2
A VERY IMPORTANT ISSUE WE START
00:13:07.487 --> 00:13:10.690 region:rollup2
TALKING ABOUT LARGE CATASTROPHIC
00:13:09.188 --> 00:13:11.858 region:rollup2
EVENTS ALIKE FIRES WE'VE
00:13:10.690 --> 00:13:13.726 region:rollup2
EXPERIENCED.
00:13:11.858 --> 00:13:15.628 region:rollup2
HERE IN SACRAMENTO WHERE
00:13:13.726 --> 00:13:16.729 region:rollup2
REPRESENTING A NO.
00:13:15.628 --> 00:13:18.131 region:rollup2
ACTIONS COMMISSIONERS WELL YOU
00:13:16.729 --> 00:13:19.766 region:rollup2
KNOW WE ARE BIG THINGS FLOODS
00:13:18.131 --> 00:13:21.901 region:rollup2
BUT WE'VE MADE A POLICY DECISION
00:13:19.766 --> 00:13:22.735 region:rollup2
LEASES A COUNTRY TO KIND OF MOVE
00:13:21.901 --> 00:13:24.137 region:rollup2
THAT OUT THE MARKET IS A
00:13:22.735 --> 00:13:25.738 region:rollup2
SEPARATE. DEAL OUT OF IT
00:13:24.137 --> 00:13:27.373 region:rollup2
WONDERED FEDERAL THE FEDERAL
00:13:25.738 --> 00:13:29.242 region:rollup2
PLAN THINK WHEN THINGS I THINK
00:13:27.373 --> 00:13:31.344 region:rollup2
ABOUT IS HOW DO WE. KNOW HANDLE
00:13:29.242 --> 00:13:33.780 region:rollup2
LARGE SCALE LOSSES AND STILL
00:13:31.344 --> 00:13:35.782 region:rollup2
PROTECT YOU KNOW HAVE A WORKING
00:13:33.780 --> 00:13:37.083 region:rollup2
INSURANCE MARKET. RIGHT SO YOU
00:13:35.782 --> 00:13:38.284 region:rollup2
WOULD TALK ABOUT EARTHQUAKES YOU
00:13:37.083 --> 00:13:40.720 region:rollup2
KNOW THE FIRES.
00:13:38.284 --> 00:13:43.222 region:rollup2
OTHER TYPES OF EVENTS AS WELL
00:13:40.720 --> 00:13:43.489 region:rollup2
AND CERTAINLY LOOKING FORWARD TO
00:13:43.222 --> 00:13:45.391 region:rollup2
HEARING.
00:13:43.489 --> 00:13:47.193 region:rollup2
THAT'S MY ABOUT HOW WE'RE GOING
00:13:45.391 --> 00:13:48.327 region:rollup2
TO MAKE THAT WORK BOTH FOR
00:13:47.193 --> 00:13:49.862 region:rollup2
PEOPLE WHO NEED THE PROTECTION
00:13:48.327 --> 00:13:51.898 region:rollup2
IN THE SAFETY NET OF THE
00:13:49.862 --> 00:13:52.799 region:rollup2
PROTECTION. AND THEN WHAT
00:13:51.898 --> 00:13:54.267 region:rollup2
HAPPENS WHEN THE EVENTS HAPPENED
00:13:52.799 --> 00:13:56.703 region:rollup2
RIGHT BECAUSE RIGHT NOW WE HAVE
00:13:54.267 --> 00:13:59.372 region:rollup2
WATER REBUILDING TO DO. AND HOW
00:13:56.703 --> 00:14:00.773 region:rollup2
HOW WE ENSURE THAT HAPPENS AND
00:13:59.372 --> 00:14:01.374 region:rollup2
AND AND AND IS DONE IN A WAY
00:14:00.773 --> 00:14:03.843 region:rollup2
THAT.
00:14:01.374 --> 00:14:05.912 region:rollup2
RESTORES THOSE COMMUNITIES
00:14:03.843 --> 00:14:08.147 region:rollup2
BECAUSE IT'S NOT JUST ABOUT IT
00:14:05.912 --> 00:14:10.216 region:rollup2
EACH INDIVIDUAL LAWSUITS THAT
00:14:08.147 --> 00:14:13.286 region:rollup2
CUMULATIVE IMPACT. REGIONAL
00:14:10.216 --> 00:14:14.220 region:rollup2
LOSSES HAVE WHEN YOU HAVE
00:14:13.286 --> 00:14:16.155 region:rollup2
NUMEROUS
00:14:14.220 --> 00:14:17.023 region:rollup2
LOSSES OF. WHAT TIMES YOU GET
00:14:16.155 --> 00:14:18.091 region:rollup2
YOU KNOW GET HOMEOWNERS UNDER
00:14:17.023 --> 00:14:18.624 region:rollup2
SHARON'S FOR FIRE YOU'RE
00:14:18.091 --> 00:14:19.826 region:rollup2
THINKING ABOUT WELL MAYBE
00:14:18.624 --> 00:14:21.594 region:rollup2
SOMETHING THAT? HAPPENED ON YOUR
00:14:19.826 --> 00:14:22.161 region:rollup2
PROPERTY IT BECAUSE YOUR HOUSE
00:14:21.594 --> 00:14:23.162 region:rollup2
BURNED DOWN NOT YOUR ENTIRE
00:14:22.161 --> 00:14:24.464 region:rollup2
NEIGHBORHOOD. RIGHT AND SO.
00:14:23.162 --> 00:14:25.498 region:rollup2
EVEN IF YOU BUILD ONE OR TWO
00:14:24.464 --> 00:14:26.365 region:rollup2
AND HALF THE REST OF THE BLOCK
00:14:25.498 --> 00:14:27.467 region:rollup2
ISN'T BILL THAT AFFECTS ACTUALLY
00:14:26.365 --> 00:14:28.601 region:rollup2
THE VALUE OF YOUR OWN HOME THAT
00:14:27.467 --> 00:14:30.370 region:rollup2
AFFECTS THE ACTUALLY THE
00:14:28.601 --> 00:14:32.371 region:rollup2
LIVABILITY OF IN TERMS OF YOUR
00:14:30.370 --> 00:14:33.773 region:rollup2
NEIGHBORHOOD AND SO FORTH. SO WE
00:14:32.371 --> 00:14:34.340 region:rollup2
HAVE THESE CUMULATIVE FACTS WHEN
00:14:33.773 --> 00:14:36.275 region:rollup2
YOU HAVE MASS KNOW WHEN YOU
00:14:34.340 --> 00:14:37.643 region:rollup2
HAVE.
00:14:36.275 --> 00:14:40.713 region:rollup2
DESTRUCTION THAT SO WIDESPREAD
00:14:37.643 --> 00:14:41.948 region:rollup2
IN THE COMMUNITY SO IT'S NOT
00:14:40.713 --> 00:14:43.416 region:rollup2
JUST ABOUT.
00:14:41.948 --> 00:14:45.418 region:rollup2
NO ONE POLICY BUT ONE POLICY
00:14:43.416 --> 00:14:46.385 region:rollup2
IT'S A CUMULATIVE EFFECT THAT WE
00:14:45.418 --> 00:14:47.453 region:rollup2
NEED TO DRESS AS WELL THANK YOU.
00:14:46.385 --> 00:14:49.422 region:rollup2
WELL I THINK THAT'S A PERFECT
00:14:47.453 --> 00:14:51.124 region:rollup2
SEGUE WHO NOW HAVE A SENSE OF
00:14:49.422 --> 00:14:52.392 region:rollup2
WHAT TO WERE ALL ANXIOUS TO HEAR
00:14:51.124 --> 00:14:54.994 region:rollup2
ABOUT SO.
00:14:52.392 --> 00:14:56.929 region:rollup2
WHERE FOR THE FIRST ITEM?
00:14:54.994 --> 00:14:59.298 region:rollup2
OF DISCUSSION IS THE STATEWIDE
00:14:56.929 --> 00:15:00.533 region:rollup2
PERSPECTIVE AND HAS FIRE RISK
00:14:59.298 --> 00:15:02.402 region:rollup2
REACH PERMANENT CATASTROPHIC
00:15:00.533 --> 00:15:03.936 region:rollup2
PROPORTIONS.
00:15:02.402 --> 00:15:05.772 region:rollup2
WE HAVE FOLLOWED THE ARE A
00:15:03.936 --> 00:15:07.340 region:rollup2
COMMISSIONER FOR THE DEPARTMENT
00:15:05.772 --> 00:15:09.976 region:rollup2
OF INSURANCE STEVE JONES WHO
00:15:07.340 --> 00:15:11.844 region:rollup2
WILL SPEAK IN ALSO MATTHEW RIGHT
00:15:09.976 --> 00:15:13.713 region:rollup2
ISN'T REISMAN IS AT THE
00:15:11.844 --> 00:15:15.548 region:rollup2
PRONUNCIATION. WHO IS THE
00:15:13.713 --> 00:15:19.218 region:rollup2
ASSISTANT DEPUTY DIRECTOR FOR
00:15:15.548 --> 00:15:20.353 region:rollup2
CAL FIRE? AND I'D LIKE TO. DAY
00:15:19.218 --> 00:15:22.622 region:rollup2
GIVE THE FLOOR TO YOU.
00:15:20.353 --> 00:15:23.990 region:rollup2
COMMISSIONER JONES IF YOU WOULD
00:15:22.622 --> 00:15:24.657 region:rollup2
FOR TEN MINUTES TO.
00:15:23.990 --> 00:15:26.192 region:rollup2
SO TO SHARE WITH US YOUR
00:15:24.657 --> 00:15:27.527 region:rollup2
THOUGHTS.
00:15:26.192 --> 00:15:30.496 region:rollup2
THANK YOU VERY MUCH MADAM
00:15:27.527 --> 00:15:32.432 region:rollup2
CHAIRWOMAN. AND MISTER CHAIRMAN
00:15:30.496 --> 00:15:33.1000 region:rollup2
CENTER PAN CENTER MORE LOCK.
00:15:32.432 --> 00:15:35.168 region:rollup2
IT'S A PRIVILEGE TO SERVE AS THE
00:15:33.1000 --> 00:15:36.436 region:rollup2
STATE'S INSURANCE COMMISSIONER I
00:15:35.168 --> 00:15:37.837 region:rollup2
THANK YOU FOR THE OPPORTUNITY TO
00:15:36.436 --> 00:15:39.605 region:rollup2
TESTIFY BEFORE YOUR.
00:15:37.837 --> 00:15:40.873 region:rollup2
JOINT COMMITTEES ABOUT THIS
00:15:39.605 --> 00:15:42.975 region:rollup2
CRITICALLY IMPORTANT TOPIC OF
00:15:40.873 --> 00:15:44.944 region:rollup2
FIRES. AT THE HOMEOWNERS
00:15:42.975 --> 00:15:47.313 region:rollup2
INSURANCE MARKET AND FACTORS
00:15:44.944 --> 00:15:48.114 region:rollup2
LIKE CLIMATE CHANGE DATA ARE
00:15:47.313 --> 00:15:49.982 region:rollup2
IMPACTING THE MARKET WANT TO
00:15:48.114 --> 00:15:51.083 region:rollup2
THANK. YOU FOR CONVENING THIS
00:15:49.982 --> 00:15:52.518 region:rollup2
IMPORTANT HEARING I WANT TO
00:15:51.083 --> 00:15:54.453 region:rollup2
CONGRATULATE CENTER GLAZER ON
00:15:52.518 --> 00:15:56.689 region:rollup2
HIS NEW CHAIR. AND.
00:15:54.453 --> 00:15:57.990 region:rollup2
WE LOOK FORWARD TO WORKING WITH
00:15:56.689 --> 00:16:00.460 region:rollup2
YOU GOING FORWARD MY TEAM AND I.
00:15:57.990 --> 00:16:01.961 region:rollup2
AS YOU UP TO FILL THAT IMPORT
00:16:00.460 --> 00:16:04.464 region:rollup2
RESPONSIBILITY. AND I ALSO WANT
00:16:01.961 --> 00:16:08.367 region:rollup2
TO THANK. THE MEMBERS HERE.
00:16:04.464 --> 00:16:10.036 region:rollup2
CENTER JACKSON OTHERS WHO SAT.
00:16:08.367 --> 00:16:12.471 region:rollup2
A CONSTITUENTS HAVE A SUFFER
00:16:10.036 --> 00:16:13.339 region:rollup2
DIRECTLY FROM THE FIRES AND DAB
00:16:12.471 --> 00:16:15.341 region:rollup2
WE'VE WORKED CLOSELY.
00:16:13.339 --> 00:16:16.676 region:rollup2
WITH THOSE SENATORS WITH THOSE
00:16:15.341 --> 00:16:18.377 region:rollup2
ASSEMBLY MEMBERS WHOSE
00:16:16.676 --> 00:16:20.213 region:rollup2
CONSTITUENTS ARE DIRECTLY
00:16:18.377 --> 00:16:22.381 region:rollup2
IMPACTED BY THE FIRES IT'S BEEN.
00:16:20.213 --> 00:16:23.549 region:rollup2
A HERCULEAN EFFORT ON THE PART
00:16:22.381 --> 00:16:25.985 region:rollup2
OF THE MEMBERS AND SENATORS AS
00:16:23.549 --> 00:16:26.686 region:rollup2
WELL AS OUR OFFICE INTO. I THINK
00:16:25.985 --> 00:16:28.354 region:rollup2
WE CAN.
00:16:26.686 --> 00:16:30.690 region:rollup2
CONTINUE TO.
00:16:28.354 --> 00:16:31.858 region:rollup2
UNDERSTAND THAT WILL CONTINUE
00:16:30.690 --> 00:16:33.192 region:rollup2
TO HAVE TO KEEP WORKING TO HELP
00:16:31.858 --> 00:16:34.494 region:rollup2
PEOPLE BECAUSE THE ROAD TO
00:16:33.192 --> 00:16:36.095 region:rollup2
RECOVERY IS A SPLIT ALONG AND
00:16:34.494 --> 00:16:37.830 region:rollup2
PAINFUL ONE BUT. THAT WE REALLY
00:16:36.095 --> 00:16:40.233 region:rollup2
APPRECIATE THE LEADERSHIP OF
00:16:37.830 --> 00:16:44.504 region:rollup2
CENTER JACKSON OTHERS IN THEIR.
00:16:40.233 --> 00:16:45.771 region:rollup2
IN THEIR DISTRICTS SCORE THAT
00:16:44.504 --> 00:16:46.005 region:rollup2
SLIDE SO I'M.
00:16:45.771 --> 00:16:47.006 region:rollup2
BECAUSE.
00:16:46.005 --> 00:16:47.473 region:rollup2
.
00:16:47.006 --> 00:16:48.641 region:rollup2
WHO HAS POINTED OUT?
00:16:47.473 --> 00:16:49.408 region:rollup2
IN THE INTRODUCTORY REMARKS OF
00:16:48.641 --> 00:16:50.243 region:rollup2
THESE TWENTY SEVENTEEN FIRES
00:16:49.408 --> 00:16:52.078 region:rollup2
WERE.
00:16:50.243 --> 00:16:54.313 region:rollup2
AMONG THE MOST DEVASTATING
00:16:52.078 --> 00:16:55.481 region:rollup2
FIRES COLLECTIVELY ES SADLY SOME
00:16:54.313 --> 00:16:56.616 region:rollup2
SIXTY NINE PEOPLE LOST THEIR
00:16:55.481 --> 00:16:57.817 region:rollup2
LIVES.
00:16:56.616 --> 00:16:59.418 region:rollup2
AB BETWEEN THE FIRES IN NORTHERN
00:16:57.817 --> 00:17:00.920 region:rollup2
AND SOUTHERN CALIFORNIA THEN THE
00:16:59.418 --> 00:17:02.321 region:rollup2
MUD FLOWS IN MUCH ACETO IN THE
00:17:00.920 --> 00:17:04.090 region:rollup2
CHAIRWOMAN'S DISTRICT. NEAR
00:17:02.321 --> 00:17:06.425 region:rollup2
SANTA BARBARA.
00:17:04.090 --> 00:17:08.661 region:rollup2
MANY OF YOU THAT NO DOUBT OF
00:17:06.425 --> 00:17:10.162 region:rollup2
TALK TO FIRE SERVER SURVIVORS I
00:17:08.661 --> 00:17:12.331 region:rollup2
HAVE HEARD FIRST HAND.
00:17:10.162 --> 00:17:14.534 region:rollup2
THEIR HARROWING TALES.
00:17:12.331 --> 00:17:17.069 region:rollup2
PEOPLE WHO LOST THEIR HOMES AND
00:17:14.534 --> 00:17:19.705 region:rollup2
WE'RE LUCKY TO NOT LOSE THEIR
00:17:17.069 --> 00:17:22.108 region:rollup2
LIVES ESCAPING WITHIN SECONDS.
00:17:19.705 --> 00:17:23.175 region:rollup2
OF LOSING THEIR LIVES.
00:17:22.108 --> 00:17:24.577 region:rollup2
MY THOUGHTS AND CONCERNS COULD
00:17:23.175 --> 00:17:27.947 region:rollup2
YOU TO BE WITH THEM.
00:17:24.577 --> 00:17:30.149 region:rollup2
AS THEY AND THEIR COMMUNITIES A
00:17:27.947 --> 00:17:31.884 region:rollup2
STRUGGLE TO RECOVER AND AS WE
00:17:30.149 --> 00:17:33.185 region:rollup2
COLLECTIVELY THINK ABOUT THE
00:17:31.884 --> 00:17:35.521 region:rollup2
APPROPRIATE PUBLIC POLICY
00:17:33.185 --> 00:17:36.555 region:rollup2
RESPONSES TO THESE EVENTS. ABOUT
00:17:35.521 --> 00:17:37.757 region:rollup2
WE SHOULD CONTINUE KEEP I THINK
00:17:36.555 --> 00:17:39.592 region:rollup2
IN OUR MINDS YOU KNOW YOU TO
00:17:37.757 --> 00:17:41.827 region:rollup2
FORMOSA SURVIVORS. THOSE WHO
00:17:39.592 --> 00:17:43.262 region:rollup2
LOST LOVED ONES THOSE WHO LOST
00:17:41.827 --> 00:17:44.931 region:rollup2
THEIR HOMES LOST THEIR PRECIOUS
00:17:43.262 --> 00:17:47.533 region:rollup2
POSSESSIONS IN THEIR MEMORIES.
00:17:44.931 --> 00:17:49.101 region:rollup2
THEY DO FACE A LONG AND
00:17:47.533 --> 00:17:51.604 region:rollup2
DIFFICULT ROAD.
00:17:49.101 --> 00:17:52.772 region:rollup2
THE FALL TWENTY SEVEN. TEEN
00:17:51.604 --> 00:17:55.041 region:rollup2
ILLUSTRATED IN DRAMATIC AND
00:17:52.772 --> 00:17:56.475 region:rollup2
TRAGIC FORM A THAT WE NOW LIVE
00:17:55.041 --> 00:17:57.610 region:rollup2
WITH THE YEAR ON FIRE SEASONS
00:17:56.475 --> 00:17:59.579 region:rollup2
BEEN COMMENTED ON BY OUR
00:17:57.610 --> 00:18:02.014 region:rollup2
GOVERNOR BY. FIRE OFFICIALS YOU
00:17:59.579 --> 00:18:04.116 region:rollup2
PROBABLY HEAR THE SAME TODAY.
00:18:02.014 --> 00:18:05.251 region:rollup2
IN A TWENTY SEVENTEEN HUNDREDS
00:18:04.116 --> 00:18:07.353 region:rollup2
OF THOUSANDS OF RESIDENTS BOTH
00:18:05.251 --> 00:18:08.454 region:rollup2
NORTHERN AND SOUTHERN CALIFORNIA
00:18:07.353 --> 00:18:10.089 region:rollup2
WERE DRIVEN FROM THEIR HOMES.
00:18:08.454 --> 00:18:12.091 region:rollup2
SOMETIMES ONLY MINUTES TO SPARE
00:18:10.089 --> 00:18:13.826 region:rollup2
AS THESE WIND DRIVEN WILD FIRES
00:18:12.091 --> 00:18:15.328 region:rollup2
SWEPT THROUGH AND DESTROYED TENS
00:18:13.826 --> 00:18:16.495 region:rollup2
OF THOUSANDS OF HOMES BUSINESSES
00:18:15.328 --> 00:18:18.698 region:rollup2
AND VEHICLES.
00:18:16.495 --> 00:18:21.367 region:rollup2
AND ALSO TOOK THE LIFE OF ONE
00:18:18.698 --> 00:18:23.302 region:rollup2
FIREFIGHTER ACCORDING IVERSON.
00:18:21.367 --> 00:18:24.670 region:rollup2
A DEADLY WILDFIRES IN DECEMBER
00:18:23.302 --> 00:18:24.837 region:rollup2
WERE VIRTUALLY UNHEARD OF AND
00:18:24.670 --> 00:18:26.472 region:rollup2
YET.
00:18:24.837 --> 00:18:27.873 region:rollup2
THOMAS FIRE.
00:18:26.472 --> 00:18:29.208 region:rollup2
AS THE CHAIR WITH A NOTED
00:18:27.873 --> 00:18:30.409 region:rollup2
BURNED FOR NEARLY THE ENTIRE
00:18:29.208 --> 00:18:31.510 region:rollup2
MONTH OF DECEMBER.
00:18:30.409 --> 00:18:33.579 region:rollup2
AND IT'S A RECORD BREAKERS THE
00:18:31.510 --> 00:18:35.247 region:rollup2
LARGEST MOST DAMAGING FIRE
00:18:33.579 --> 00:18:35.982 region:rollup2
STATE'S HISTORY TERMS ACREAGE.
00:18:35.247 --> 00:18:38.517 region:rollup2
CHARRING MORE THAN TWO AND
00:18:35.982 --> 00:18:40.720 region:rollup2
EIGHTY ONE THOUSAND. ACRES.
00:18:38.517 --> 00:18:41.787 region:rollup2
NOW IN RESPONSE TO BOTH THE
00:18:40.720 --> 00:18:43.689 region:rollup2
NORTH BAY AND SOUTHERN
00:18:41.787 --> 00:18:45.291 region:rollup2
CALIFORNIA FIRES EYES THE
00:18:43.689 --> 00:18:46.158 region:rollup2
COMMISSIONER OF INSURANCE TOOK A
00:18:45.291 --> 00:18:47.960 region:rollup2
NUMBER OF IMMEDIATE STEPS TO
00:18:46.158 --> 00:18:49.562 region:rollup2
HELP. THE FACT THAT RESIDENTS
00:18:47.960 --> 00:18:50.930 region:rollup2
AND THEIR COMMUNITIES INCLUDING
00:18:49.562 --> 00:18:53.065 region:rollup2
SIGNING ORDERS IT CUT THROUGH
00:18:50.930 --> 00:18:54.266 region:rollup2
RED TAPE. ALLOWING INSURANCE
00:18:53.065 --> 00:18:55.334 region:rollup2
COMPANIES TO MOVE MORE QUICKLY
00:18:54.266 --> 00:18:56.669 region:rollup2
TO HELP RESIDENTS GET THE
00:18:55.334 --> 00:18:57.169 region:rollup2
RESOURCES THEY NEED TO START THE
00:18:56.669 --> 00:18:59.905 region:rollup2
RECOVERY. AND REBUILDING
00:18:57.169 --> 00:19:01.007 region:rollup2
PROCESS.
00:18:59.905 --> 00:19:02.608 region:rollup2
I MOBILIZED OUR TEAMS TO
00:19:01.007 --> 00:19:04.276 region:rollup2
PROVIDE SERVICES TO WILDFIRE
00:19:02.608 --> 00:19:05.611 region:rollup2
SURVIVORS I SHOULD OFFICIAL
00:19:04.276 --> 00:19:06.912 region:rollup2
NOTICES TO MAKE SURE THAT
00:19:05.611 --> 00:19:08.047 region:rollup2
INSURANCE PROFESSIONALS
00:19:06.912 --> 00:19:09.148 region:rollup2
INCLUDING PUBLIC ADJUSTERS
00:19:08.047 --> 00:19:11.584 region:rollup2
INSURERS AND CLAIMS ADJUSTERS
00:19:09.148 --> 00:19:12.885 region:rollup2
REMINDED. OF THEIR OBLIGATIONS
00:19:11.584 --> 00:19:15.287 region:rollup2
TO KNOW AND FOLLOW ALL OF
00:19:12.885 --> 00:19:16.355 region:rollup2
CALIFORNIA'S LAWS REGULATIONS
00:19:15.287 --> 00:19:18.124 region:rollup2
PERTAINING TO CLAIM SETTLEMENT.
00:19:16.355 --> 00:19:19.892 region:rollup2
I WILL NOTE THAT SOME CONSUMERS
00:19:18.124 --> 00:19:22.194 region:rollup2
INITIALLY WERE. PROVIDED
00:19:19.892 --> 00:19:23.662 region:rollup2
INCORRECT INFORMATION A BY THEIR
00:19:22.194 --> 00:19:25.131 region:rollup2
AGENTS OR THEIR INSURERS AND
00:19:23.662 --> 00:19:26.365 region:rollup2
THAT CAUSED ME ISSUE A FORMAL
00:19:25.131 --> 00:19:27.833 region:rollup2
NOTICE DIRECTING INSURERS TO
00:19:26.365 --> 00:19:29.735 region:rollup2
TAKE STEPS TO ME THE CORRECT
00:19:27.833 --> 00:19:31.270 region:rollup2
THAT PROBLEM AND THEY DID. WE
00:19:29.735 --> 00:19:32.638 region:rollup2
STOP GETTING THOSE COMPLAINTS.
00:19:31.270 --> 00:19:34.974 region:rollup2
IN ADDITION.
00:19:32.638 --> 00:19:35.508 region:rollup2
ARE CONSUMER SERVICES TEAMS
00:19:34.974 --> 00:19:37.243 region:rollup2
WORKED IN THE MANY LOCAL
00:19:35.508 --> 00:19:38.978 region:rollup2
ASSISTANCE CENTERS EVER STOOD UP
00:19:37.243 --> 00:19:40.613 region:rollup2
BY LOCAL GOVERNMENTS PROVIDING
00:19:38.978 --> 00:19:43.749 region:rollup2
ONE ON ONE SUPPORT FOR THOUSANDS
00:19:40.613 --> 00:19:45.184 region:rollup2
OF RESIDENTS. ARE INSURANCE.
00:19:43.749 --> 00:19:46.452 region:rollup2
INVESTIGATORS DETECTIVES WHO ARE
00:19:45.184 --> 00:19:47.586 region:rollup2
ENFORCEMENT BRANCH TEAMED UP
00:19:46.452 --> 00:19:50.456 region:rollup2
WITH THE CONTRACTORS STATE
00:19:47.586 --> 00:19:51.824 region:rollup2
LICENSE BOARD AND LOCAL DE ARES.
00:19:50.456 --> 00:19:53.225 region:rollup2
TO ATTEND TOWN HALL MEETINGS AND
00:19:51.824 --> 00:19:54.927 region:rollup2
TO VISIT AFFECTED NEIGHBORHOODS
00:19:53.225 --> 00:19:56.595 region:rollup2
TO DO EVERYTHING WE COULD TO
00:19:54.927 --> 00:19:58.431 region:rollup2
SUPPRESS TO PREVENT SCAM ARTISTS
00:19:56.595 --> 00:20:00.633 region:rollup2
WHO OFTENTIMES FLOOD INTO AREAS
00:19:58.431 --> 00:20:02.601 region:rollup2
AFFECTED BY. DISASTERS LIKE THIS
00:20:00.633 --> 00:20:04.637 region:rollup2
AND PRAY ON THOSE IMPACTED BY
00:20:02.601 --> 00:20:06.572 region:rollup2
DISASTERS I PERSONALLY VISITED
00:20:04.637 --> 00:20:07.740 region:rollup2
EVACUATION CENTERS BURN AREAS
00:20:06.572 --> 00:20:09.175 region:rollup2
AND LOCAL ASSISTANCE CENTERS TO
00:20:07.740 --> 00:20:11.143 region:rollup2
MAKE SURE THAT WE WERE FULLY
00:20:09.175 --> 00:20:12.178 region:rollup2
STAFFED AND DOING. THE JOB WE
00:20:11.143 --> 00:20:13.846 region:rollup2
NEED TO DO ANY WITH FIRE
00:20:12.178 --> 00:20:15.548 region:rollup2
SURVIVORS IN BOTH NORTHERN AND
00:20:13.846 --> 00:20:17.416 region:rollup2
SOUTHERN CALIFORNIA HERE FIRST
00:20:15.548 --> 00:20:19.418 region:rollup2
AND WHAT THEY NEEDED SO THAT I
00:20:17.416 --> 00:20:21.554 region:rollup2
COULD BE GUIDED. BY THEIR NEEDS
00:20:19.418 --> 00:20:22.988 region:rollup2
IN THE ACTIONS THAT I WAS TAKING
00:20:21.554 --> 00:20:24.356 region:rollup2
AS THE INSURANCE COMMISSIONER.
00:20:22.988 --> 00:20:26.225 region:rollup2
I'VE DIRECTED BY TEAM THAT TO
00:20:24.356 --> 00:20:27.493 region:rollup2
CAN IT WORK CONTINUE WORKING TO
00:20:26.225 --> 00:20:28.694 region:rollup2
HELP RESIDENTS NAVIGATE THE
00:20:27.493 --> 00:20:31.097 region:rollup2
CLAIMS PROCESS.
00:20:28.694 --> 00:20:32.865 region:rollup2
AND CONTINUE TO WORK TO DETER
00:20:31.097 --> 00:20:34.734 region:rollup2
SCAMS BY THOSE UNSCRUPULOUS
00:20:32.865 --> 00:20:35.735 region:rollup2
PEOPLE LOOK FOR WAYS TO TAKE
00:20:34.734 --> 00:20:37.870 region:rollup2
ADVANTAGE OF PEOPLE IN THEIR
00:20:35.735 --> 00:20:39.338 region:rollup2
TIME. OF NEED SURVIVORS ARE
00:20:37.870 --> 00:20:40.706 region:rollup2
ENTITLED TO INSURANCE BENEFITS
00:20:39.338 --> 00:20:42.541 region:rollup2
THAT THEY'VE BEEN LOYALLY PAYING
00:20:40.706 --> 00:20:43.909 region:rollup2
PREMIUMS FOR ALL THESE YEARS.
00:20:42.541 --> 00:20:45.444 region:rollup2
AND I AND MY TEAM ARE THERE TO
00:20:43.909 --> 00:20:46.946 region:rollup2
HELP CONSUMERS LET'S GO TO THE
00:20:45.444 --> 00:20:49.815 region:rollup2
NEXT SLIDE. SO.
00:20:46.946 --> 00:20:50.583 region:rollup2
LET ME UPDATE YOU.
00:20:49.815 --> 00:20:53.619 region:rollup2
ON THE MOST RECENT
00:20:50.583 --> 00:20:55.054 region:rollup2
A TOTAL INSURED LOSSES AT
00:20:53.619 --> 00:20:55.888 region:rollup2
FIGURES THAT WE HAVE AND I WANT
00:20:55.054 --> 00:20:57.423 region:rollup2
TO UNDERSCORE THESE ARE NOT
00:20:55.888 --> 00:20:58.924 region:rollup2
ESTIMATES.
00:20:57.423 --> 00:21:01.894 region:rollup2
A THESE ARE ACTUAL.
00:20:58.924 --> 00:21:04.096 region:rollup2
INSURED LOSSES BASED ON CLAIMS
00:21:01.894 --> 00:21:06.265 region:rollup2
THAT HAVE BEEN FILED. WITH
00:21:04.096 --> 00:21:07.933 region:rollup2
INSURANCE COMPANIES BY THE GRAND
00:21:06.265 --> 00:21:10.402 region:rollup2
TOTAL CURRENTLY IS TWELVE POINT
00:21:07.933 --> 00:21:12.204 region:rollup2
THREE. BILLION DOLLARS
00:21:10.402 --> 00:21:13.806 region:rollup2
ASSOCIATED WITH THE OCTOBER AND
00:21:12.204 --> 00:21:15.674 region:rollup2
DECEMBER TWENTY SEVENTEEN
00:21:13.806 --> 00:21:17.343 region:rollup2
WILDFIRES WITH ROUGHLY FOUR
00:21:15.674 --> 00:21:18.611 region:rollup2
FIFTHS OF THAT. COMING FROM THE
00:21:17.343 --> 00:21:21.046 region:rollup2
NORTH BAY FIRES AND STARTED
00:21:18.611 --> 00:21:22.915 region:rollup2
EARLY OCTOBER TWENTY SEVENTEEN
00:21:21.046 --> 00:21:24.784 region:rollup2
NOW WE'VE BROKEN THE NUMBERS OUT
00:21:22.915 --> 00:21:27.520 region:rollup2
ACROSS RESIDENTIAL PERSONAL
00:21:24.784 --> 00:21:28.554 region:rollup2
PROPERTY COMMERCIAL PROPERTY IN
00:21:27.520 --> 00:21:31.123 region:rollup2
OUR OWN OTHER LINES AND AS YOU
00:21:28.554 --> 00:21:33.125 region:rollup2
CAN SEE. A LARGER SHARE OF THE
00:21:31.123 --> 00:21:34.994 region:rollup2
TOTAL Q. OF LOSSES FALL IN THE
00:21:33.125 --> 00:21:36.629 region:rollup2
AREA OF RESIDENTIAL PERSONAL
00:21:34.994 --> 00:21:39.131 region:rollup2
PROPERTY BOTH IN TERMS OF THE.
00:21:36.629 --> 00:21:41.200 region:rollup2
ACCURATE LOSSES AS WELL AS THE
00:21:39.131 --> 00:21:43.135 region:rollup2
VOLUME OF CLAIMS THAT WHILE THE
00:21:41.200 --> 00:21:44.803 region:rollup2
COMMERCIAL PROPERTY AND AUTO
00:21:43.135 --> 00:21:46.605 region:rollup2
ANOTHER LINES MAKE UP. THE
00:21:44.803 --> 00:21:48.374 region:rollup2
REMAINDER BANG TERMS OF THE
00:21:46.605 --> 00:21:49.842 region:rollup2
TOTAL LOSSES WERE SIX THOUSAND
00:21:48.374 --> 00:21:51.644 region:rollup2
SIX HUNDRED FIFTY FIVE
00:21:49.842 --> 00:21:54.280 region:rollup2
RESIDENTIAL PROPERTY TOTAL
00:21:51.644 --> 00:21:56.182 region:rollup2
LOSSES. AND THREE HEARD TO
00:21:54.280 --> 00:21:58.017 region:rollup2
COMMERCIAL TOTAL LOSSES IN
00:21:56.182 --> 00:21:59.885 region:rollup2
TWENTY SEVENTY. OF THESE ARE
00:21:58.017 --> 00:22:01.320 region:rollup2
STAGGERING AND ON PRESIDENT
00:21:59.885 --> 00:22:02.922 region:rollup2
LOSSES BOTH THE CHAIRS NOTED
00:22:01.320 --> 00:22:04.456 region:rollup2
ABOUT THESE ARE MORE THAN JUST
00:22:02.922 --> 00:22:06.458 region:rollup2
NUMBERS BEHIND THESE NUMBERS ARE
00:22:04.456 --> 00:22:08.727 region:rollup2
REAL PEOPLE. WHOSE LIVES WERE
00:22:06.458 --> 00:22:12.198 region:rollup2
TREMENDOUSLY DEVASTATED AND
00:22:08.727 --> 00:22:13.399 region:rollup2
DISRUPTED BY THESE FIRES AND SO
00:22:12.198 --> 00:22:15.067 region:rollup2
AS WE LOOK AT THESE NUMBERS WE
00:22:13.399 --> 00:22:17.036 region:rollup2
ALSO HAVE TO KEEP IN MIND THE
00:22:15.067 --> 00:22:20.072 region:rollup2
HUMAN TRAGEDY THAT LIES BEHIND
00:22:17.036 --> 00:22:23.342 region:rollup2
THEM THE LIVES LOST. THE HOMES
00:22:20.072 --> 00:22:26.645 region:rollup2
LOST PEOPLE'S ENTIRE.
00:22:23.342 --> 00:22:29.782 region:rollup2
PRECIOUS MEMORIES AND
00:22:26.645 --> 00:22:32.017 region:rollup2
BELONGINGS LOST AS WELL RECORDS
00:22:29.782 --> 00:22:33.652 region:rollup2
A COMMON THEME AS YOU AND I MEET
00:22:32.017 --> 00:22:36.121 region:rollup2
WITH THE FIRE SURVIVORS IS A
00:22:33.652 --> 00:22:39.658 region:rollup2
DESIRE TO RETURN TO NORMALCY TO
00:22:36.121 --> 00:22:43.295 region:rollup2
REBUILD. THAT TO GET BACK TO
00:22:39.658 --> 00:22:46.298 region:rollup2
NORMAL LA AND THAT. THE IS A
00:22:43.295 --> 00:22:48.801 region:rollup2
VERY UNDERSTANDABLE DESIRE AND
00:22:46.298 --> 00:22:50.569 region:rollup2
ONE THAT WE SHARE AND ONE THAT
00:22:48.801 --> 00:22:53.205 region:rollup2
WE'RE COLLECTIVELY DOING
00:22:50.569 --> 00:22:57.810 region:rollup2
EVERYTHING WE CAN TO HELP PEOPLE
00:22:53.205 --> 00:23:00.312 region:rollup2
WITH. NOW ONE OF THE TOPICS OF
00:22:57.810 --> 00:23:03.515 region:rollup2
THIS HEARING OF COURSE IS OUT.
00:23:00.312 --> 00:23:04.817 region:rollup2
HOW THIS STAGE TO RESPOND TO THE
00:23:03.515 --> 00:23:07.987 region:rollup2
CHALLENGES OF AVAILABILITY AND
00:23:04.817 --> 00:23:08.420 region:rollup2
AFFORDABILITY OF HOMEOWNERS
00:23:07.987 --> 00:23:09.088 region:rollup2
INSURANCE COVERAGE?
00:23:08.420 --> 00:23:10.289 region:rollup2
ESPECIALLY FOR PEOPLE LIVING IN
00:23:09.088 --> 00:23:10.923 region:rollup2
HIGH RISK FIRE AREAS THAT THIS
00:23:10.289 --> 00:23:11.924 region:rollup2
HAS BEEN A GROWING CHALLENGE THE
00:23:10.923 --> 00:23:12.891 region:rollup2
IN A CERTAIN AREAS OF CALIFORNIA
00:23:11.924 --> 00:23:13.492 region:rollup2
PARTICULARLY THE SO CALLED
00:23:12.891 --> 00:23:17.596 region:rollup2
WILDLAND URBAN INTERFACE AREAS
00:23:13.492 --> 00:23:19.798 region:rollup2
IT'S A WILDLAND URBAN INTERFACE
00:23:17.596 --> 00:23:21.066 region:rollup2
AREAS. IN FACT THEY BURNED AREAS
00:23:19.798 --> 00:23:22.568 region:rollup2
THAT TRADITIONALLY HAVE BEEN
00:23:21.066 --> 00:23:24.136 region:rollup2
UNDERSTOOD BY INSURERS AND JUST
00:23:22.568 --> 00:23:26.472 region:rollup2
ABOUT EVERYONE AT ONE HOUSE AS
00:23:24.136 --> 00:23:28.807 region:rollup2
BEING RELATIVELY AT A LOWER RISK
00:23:26.472 --> 00:23:29.942 region:rollup2
OF FIRE. A THIS INCLUDES WHOLE
00:23:28.807 --> 00:23:32.044 region:rollup2
NEIGHBORHOODS LIKE THAT AND
00:23:29.942 --> 00:23:32.945 region:rollup2
COFFEE PARK I'M SURE YOU'RE ALL
00:23:32.044 --> 00:23:34.280 region:rollup2
FAMILIAR BICU HAD A CHANCE TO
00:23:32.945 --> 00:23:35.781 region:rollup2
VISIT WITH THE PHOTOGRAPHY
00:23:34.280 --> 00:23:37.750 region:rollup2
COMING OUT OF THAT.
00:23:35.781 --> 00:23:39.585 region:rollup2
I'VE VISITED IT LOOKED LIKE A
00:23:37.750 --> 00:23:40.352 region:rollup2
WAR ZONE AN ENTIRE NEIGHBORHOOD
00:23:39.585 --> 00:23:41.754 region:rollup2
WIPED OUT.
00:23:40.352 --> 00:23:43.656 region:rollup2
AS WELL AS A SECOND
00:23:41.754 --> 00:23:45.157 region:rollup2
NEIGHBORHOOD FOUND GROVE IN
00:23:43.656 --> 00:23:46.358 region:rollup2
THOSE NEIGHBORHOODS A STARKLY
00:23:45.157 --> 00:23:48.861 region:rollup2
HAVE BEEN VIEWED AS MEDIUM ARE
00:23:46.358 --> 00:23:50.863 region:rollup2
GENERALLY LOWER FIRE RISK THAT
00:23:48.861 --> 00:23:53.432 region:rollup2
IS NEW. AND SOMETHING THAT WE
00:23:50.863 --> 00:23:55.801 region:rollup2
NEED TO TAKE INTO ACCOUNT AS I
00:23:53.432 --> 00:23:57.636 region:rollup2
KNOW THAT THE INSURERS WERE. SO
00:23:55.801 --> 00:23:58.604 region:rollup2
LAST YEAR OF I DIRECTED THE
00:23:57.636 --> 00:24:00.673 region:rollup2
DEPARTMENT OF INSURANCE TO
00:23:58.604 --> 00:24:01.774 region:rollup2
PREPARE A EPORT. ON THE GROWING
00:24:00.673 --> 00:24:03.175 region:rollup2
PROBLEM OF FIRE INSURANCE
00:24:01.774 --> 00:24:04.777 region:rollup2
AVAILABILITY AFFORDABILITY AND
00:24:03.175 --> 00:24:06.245 region:rollup2
TO MAKE RECOMMENDATIONS FOR
00:24:04.777 --> 00:24:08.614 region:rollup2
ADDITIONAL LAWS TO ADDRESS THIS
00:24:06.245 --> 00:24:12.084 region:rollup2
PROBLEM. THAT WE RELEASED A
00:24:08.614 --> 00:24:13.652 region:rollup2
REPORT EARLIER THIS YEAR AND WE
00:24:12.084 --> 00:24:15.421 region:rollup2
SENT A COPY DAHLE UNDER TWENTY
00:24:13.652 --> 00:24:17.756 region:rollup2
MEMBERS OF THE LEGISLATURE
00:24:15.421 --> 00:24:19.158 region:rollup2
KNOWLEDGE JUST PARTIES AND WE
00:24:17.756 --> 00:24:22.895 region:rollup2
PROVIDE THE COMMITTEE WITH AN
00:24:19.158 --> 00:24:25.064 region:rollup2
ADDITIONAL. COPY NO REPORT MAKES
00:24:22.895 --> 00:24:27.066 region:rollup2
A A NUMBER OF FINDINGS ONE IS
00:24:25.064 --> 00:24:28.734 region:rollup2
OVER THE PAST TWO DECADES
00:24:27.066 --> 00:24:30.669 region:rollup2
WILDFIRES HAVE CAUSED
00:24:28.734 --> 00:24:32.604 region:rollup2
SIGNIFICANT DAMAGE IN THE
00:24:30.669 --> 00:24:35.941 region:rollup2
WILDLAND URBAN YOUR FACE
00:24:32.604 --> 00:24:38.077 region:rollup2
COUNTIES WHICH IS DEFINED AS THE
00:24:35.941 --> 00:24:40.646 region:rollup2
AREAS OR HOMES ARE INTERMIXED IN
00:24:38.077 --> 00:24:43.048 region:rollup2
THE CITY OF WILDLAND VEGETATION
00:24:40.646 --> 00:24:46.652 region:rollup2
SUCH AS FOR SOME BRUSH NOW. THIS
00:24:43.048 --> 00:24:47.619 region:rollup2
INCLUDES PRINCIPALLY THE SIERRA
00:24:46.652 --> 00:24:48.887 region:rollup2
NEVADA MOUNTAIN RANGE
00:24:47.619 --> 00:24:49.555 region:rollup2
THE SIERRA FOOTHILLS AND ALSO
00:24:48.887 --> 00:24:50.189 region:rollup2
THE COASTAL RANGE THAT NORTHERN
00:24:49.555 --> 00:24:50.823 region:rollup2
SOUTHERN CALIFORNIA WHERE THERE
00:24:50.189 --> 00:24:51.357 region:rollup2
ARE NUMEROUS CANYONS AND OTHER
00:24:50.823 --> 00:24:51.857 region:rollup2
FEATURES. AREAS LIKE THIS
00:24:51.357 --> 00:24:52.324 region:rollup2
ACTUALLY EXIST ALL OVER
00:24:51.857 --> 00:24:53.359 region:rollup2
CALIFORNIA JUST MORE
00:24:52.324 --> 00:24:53.859 region:rollup2
CONCENTRATED IN PARTICULAR AREAS
00:24:53.359 --> 00:24:54.460 region:rollup2
IN PARTICULAR COUNTIES.
00:24:53.859 --> 00:24:55.027 region:rollup2
NOW THE PROXIMALLY THIRTEEN
00:24:54.460 --> 00:24:55.327 region:rollup2
POINT SIX MILLION HOMES IN
00:24:55.027 --> 00:24:55.995 region:rollup2
CALIFORNIA.
00:24:55.327 --> 00:24:57.996 region:rollup2
THERE'S AN ESTIMATED THREE POINT
00:24:55.995 --> 00:24:59.465 region:rollup2
SIX MILLION HOMES IN THE
00:24:57.996 --> 00:25:00.699 region:rollup2
WILDLAND URBAN INTERFACE
00:24:59.465 --> 00:25:02.267 region:rollup2
WITH MORE THAN ONE MILLION OF
00:25:00.699 --> 00:25:03.936 region:rollup2
THOSE HOMES.
00:25:02.267 --> 00:25:06.505 region:rollup2
IN WATER DESCRIBED AS HIGH OR
00:25:03.936 --> 00:25:07.039 region:rollup2
VERY HIGH RISK OF FIRE AREAS
00:25:06.505 --> 00:25:08.273 region:rollup2
ACCORDING TO THE INSURERS
00:25:07.039 --> 00:25:09.608 region:rollup2
MODELS.
00:25:08.273 --> 00:25:11.343 region:rollup2
MORE THAN HALF THE COUNTIES IN
00:25:09.608 --> 00:25:14.079 region:rollup2
THE STATE HAVE AT LEAST TWENTY
00:25:11.343 --> 00:25:15.481 region:rollup2
FIVE PERCENT OF THEIR HOMES IN
00:25:14.079 --> 00:25:16.849 region:rollup2
THIS CATEGORY OF HIGH OR VERY
00:25:15.481 --> 00:25:18.550 region:rollup2
HIGH RISK.
00:25:16.849 --> 00:25:20.786 region:rollup2
AND DUE TO DROUGHT CLIMATE
00:25:18.550 --> 00:25:23.322 region:rollup2
CHANGE OTHER FACTORS THAT WE CAN
00:25:20.786 --> 00:25:24.623 region:rollup2
ANTICIPATE AN OPTICALLY THINK IN
00:25:23.322 --> 00:25:26.625 region:rollup2
THE WAKE OF THE TWENTY SEVENTEEN
00:25:24.623 --> 00:25:27.760 region:rollup2
FIRES WE CAN ANTICIPATE. THAT
00:25:26.625 --> 00:25:30.129 region:rollup2
INSURERS WILL BE UPDATING THE
00:25:27.760 --> 00:25:31.864 region:rollup2
RISK MODELS AND MORE HOMES AND
00:25:30.129 --> 00:25:34.800 region:rollup2
MORE AREAS THE STATE. WILL BE
00:25:31.864 --> 00:25:36.201 region:rollup2
RATED AT HIGH OR VERY HIGH RISK
00:25:34.800 --> 00:25:37.736 region:rollup2
NOW OVER THE PAST THREE YEARS
00:25:36.201 --> 00:25:38.404 region:rollup2
THAT MY DEPARTMENT HAS RECEIVED
00:25:37.736 --> 00:25:40.205 region:rollup2
AN INCREASED NUMBER OF
00:25:38.404 --> 00:25:42.007 region:rollup2
COMPLAINTS FEEDBACK AND OTHER
00:25:40.205 --> 00:25:43.509 region:rollup2
EVIDENCE FROM CONSUMERS.
00:25:42.007 --> 00:25:46.578 region:rollup2
CONSUMER GROUPS
00:25:43.509 --> 00:25:48.347 region:rollup2
A HANDOUT. FROM ABOUT. OF PUBLIC
00:25:46.578 --> 00:25:50.082 region:rollup2
OFFICIALS LOCAL OFFICIALS AND
00:25:48.347 --> 00:25:51.016 region:rollup2
OTHER STAKEHOLDERS REGARDING
00:25:50.082 --> 00:25:52.985 region:rollup2
HOMEOWNERS INSURANCE
00:25:51.016 --> 00:25:55.053 region:rollup2
AVAILABILITY NOW HIRES FIRES IN
00:25:52.985 --> 00:25:56.955 region:rollup2
THE WILDLAND URBAN INTERFACE
00:25:55.053 --> 00:25:58.023 region:rollup2
AREA. VERTICALLY FROM ADMITTED
00:25:56.955 --> 00:25:59.224 region:rollup2
CARRIERS A NUMBER OF YOU HAVE
00:25:58.023 --> 00:26:00.426 region:rollup2
MADE THE DISTINCTION BETWEEN THE
00:25:59.224 --> 00:26:02.461 region:rollup2
ADMITTED MARKET WHICH IS FULLY
00:26:00.426 --> 00:26:03.762 region:rollup2
REGULATED THE SURPLUS LINES
00:26:02.461 --> 00:26:06.365 region:rollup2
MARKET WHICH IS NOT WHICH IS
00:26:03.762 --> 00:26:07.199 region:rollup2
IMPORT MARKET IN THE FAIR PLAN
00:26:06.365 --> 00:26:10.269 region:rollup2
WHICH IS THE INSURER OFLAST
00:26:07.199 --> 00:26:12.171 region:rollup2
RESORT. THAT OUR FOCUS HAS BEEN
00:26:10.269 --> 00:26:14.006 region:rollup2
ON ALL THREE BUT PRINCIPALLY BY
00:26:12.171 --> 00:26:15.674 region:rollup2
THE AVAILABILITY OF THE
00:26:14.006 --> 00:26:16.875 region:rollup2
INSURANCE FROM THE ADMITTED
00:26:15.674 --> 00:26:18.410 region:rollup2
MARKET IN THE COMMON THEME OF
00:26:16.875 --> 00:26:19.711 region:rollup2
THESE COMMUNICATIONS WHETHER
00:26:18.410 --> 00:26:21.046 region:rollup2
IT'S COMPLAINTS FROM CONSUMERS
00:26:19.711 --> 00:26:22.681 region:rollup2
ARE LOCAL PUBLIC OFFICIALS
00:26:21.046 --> 00:26:23.515 region:rollup2
RATHER STAKEHOLDERS. IS THAT IT
00:26:22.681 --> 00:26:25.551 region:rollup2
IS BECOMING INCREASINGLY
00:26:23.515 --> 00:26:26.985 region:rollup2
DIFFICULT TO OBTAIN ADMITTED
00:26:25.551 --> 00:26:29.021 region:rollup2
KOMMER ADMITTED RESIDENTIAL CARE
00:26:26.985 --> 00:26:32.524 region:rollup2
COVERAGE IN THESE AREAS.
00:26:29.021 --> 00:26:34.092 region:rollup2
AND PRICES ARE GOING UP AS WELL
00:26:32.524 --> 00:26:34.293 region:rollup2
SO LET'S GO TO THE NEXT SLIDE.
00:26:34.092 --> 00:26:36.462 region:rollup2
NOW.
00:26:34.293 --> 00:26:37.129 region:rollup2
WE GO UP TO THE NEXT ONE AFTER
00:26:36.462 --> 00:26:38.697 region:rollup2
THAT ARE THERE WE GO HERE IT IS.
00:26:37.129 --> 00:26:41.033 region:rollup2
IT'S COMING.
00:26:38.697 --> 00:26:43.101 region:rollup2
SO ONE OF THE FINDINGS IN OUR
00:26:41.033 --> 00:26:44.736 region:rollup2
REPORT I IT WAS TO LOOK AT THE
00:26:43.101 --> 00:26:45.771 region:rollup2
QUESTION OF NINE RENEWABLES
00:26:44.736 --> 00:26:47.106 region:rollup2
BECAUSE THAT WAS THE COMPLAINT
00:26:45.771 --> 00:26:48.907 region:rollup2
WE WERE GETTING FROM SOME PEOPLE
00:26:47.106 --> 00:26:50.342 region:rollup2
WAS I HAD INSURANCE WITH ENSURE
00:26:48.907 --> 00:26:51.510 region:rollup2
ACTS. AND THE NEXT YEAR THEY
00:26:50.342 --> 00:26:53.512 region:rollup2
DIDN'T RENEW ME.
00:26:51.510 --> 00:26:54.746 region:rollup2
SO SPECIFICALLY LOOKING AT THE
00:26:53.512 --> 00:26:56.281 region:rollup2
YEARS TWENTY FIFTEEN AND TWENTY
00:26:54.746 --> 00:26:57.883 region:rollup2
SIXTEEN WHICH WERE THE LATEST
00:26:56.281 --> 00:26:59.351 region:rollup2
YEARS FOR WHICH WE HAD DATA. A
00:26:57.883 --> 00:27:00.986 region:rollup2
LOT THERE WAS A FIFTEEN PERCENT
00:26:59.351 --> 00:27:04.456 region:rollup2
INCREASE
00:27:00.986 --> 00:27:05.991 region:rollup2
IN NON RENEWALS IN THE WILDLAND
00:27:04.456 --> 00:27:07.826 region:rollup2
URBAN INTERFACE COUNTIES THAT
00:27:05.991 --> 00:27:10.095 region:rollup2
WAS A HIGHER PERCENTAGE OFHIGH
00:27:07.826 --> 00:27:11.930 region:rollup2
IN VERY HIGH. A RISK
00:27:10.095 --> 00:27:13.699 region:rollup2
SO I THINK THAT'S IT THE
00:27:11.930 --> 00:27:15.134 region:rollup2
IMPORTANT A FIGURE TO KEEP IN
00:27:13.699 --> 00:27:17.269 region:rollup2
MIND THAT DOESN'T MEAN THAT ALL
00:27:15.134 --> 00:27:19.371 region:rollup2
FIFTEEN PERCENT. I COULDN'T FIND
00:27:17.269 --> 00:27:21.006 region:rollup2
INSURANCE A BUT IT DOES MEAN
00:27:19.371 --> 00:27:22.541 region:rollup2
THAT THEIR CURRENT CARRIER SAID
00:27:21.006 --> 00:27:24.543 region:rollup2
WE'RE NOT RENEWING YOU YOU'VE
00:27:22.541 --> 00:27:25.878 region:rollup2
GOT TO GO LOOK SOME PEOPLE FOUND
00:27:24.543 --> 00:27:27.479 region:rollup2
ADMITTED CARRIER INSURANCE SOME
00:27:25.878 --> 00:27:28.580 region:rollup2
PEOPLE WANT THE SURPLUS LINES
00:27:27.479 --> 00:27:29.948 region:rollup2
SOME PEOPLE. WENT TO THE FAIR
00:27:28.580 --> 00:27:31.950 region:rollup2
PLAN.
00:27:29.948 --> 00:27:33.385 region:rollup2
NOW LET ME JUST PAUSE A MOMENT
00:27:31.950 --> 00:27:34.686 region:rollup2
TALK A LITTLE BIT ABOUT THE FAIR
00:27:33.385 --> 00:27:36.288 region:rollup2
PLAN OVER FORTY YEARS AGO THE
00:27:34.686 --> 00:27:37.122 region:rollup2
LIST LEGISLATURE ENACTED A LAW
00:27:36.288 --> 00:27:38.423 region:rollup2
SIGNED BY THEN GOVERNOR RONALD
00:27:37.122 --> 00:27:40.159 region:rollup2
REAGAN.
00:27:38.423 --> 00:27:42.027 region:rollup2
TO CREATE A NONPROFIT FIRED SURE
00:27:40.159 --> 00:27:42.895 region:rollup2
OF LAST RESORT CALLED THE FAIR
00:27:42.027 --> 00:27:44.530 region:rollup2
PRESS PLAN WHICH YOU WRITE FIRE
00:27:42.895 --> 00:27:46.732 region:rollup2
INSURANCE FOR ANY HOMEOWNER IN
00:27:44.530 --> 00:27:48.967 region:rollup2
RURAL. OR URBAN AREAS
00:27:46.732 --> 00:27:50.402 region:rollup2
WHO COULD NOT FIND FIRE
00:27:48.967 --> 00:27:51.870 region:rollup2
INSURANCE ON THE PRIVATE MARKET.
00:27:50.402 --> 00:27:53.572 region:rollup2
THE FAIR PLAN IS THE CANARY IN
00:27:51.870 --> 00:27:55.207 region:rollup2
THE COAL MINE ONE IMPORTANT
00:27:53.572 --> 00:27:57.309 region:rollup2
DECATUR OF THE AVAILABILITY OR
00:27:55.207 --> 00:27:58.877 region:rollup2
LACK OF AVAILABILITY OF HOME
00:27:57.309 --> 00:28:01.146 region:rollup2
INSURANCE FROM MINUTE COMMERCIAL
00:27:58.877 --> 00:28:02.581 region:rollup2
CARRIERS. IS CHANGES IN THE
00:28:01.146 --> 00:28:03.682 region:rollup2
NUMBER OF FIRE INSURANCE
00:28:02.581 --> 00:28:05.951 region:rollup2
POLICIES WRITTEN BY THE FAIR
00:28:03.682 --> 00:28:07.119 region:rollup2
PLAY SO IT BEARS NOTE I THINK
00:28:05.951 --> 00:28:08.654 region:rollup2
WHAT THOSE NUMBERS ARE.
00:28:07.119 --> 00:28:11.123 region:rollup2
AS OF TWENTY SIXTEEN THE FAIR
00:28:08.654 --> 00:28:12.624 region:rollup2
PLAN HAD ABOUT A HUNDRED TWENTY
00:28:11.123 --> 00:28:14.793 region:rollup2
ONE THOUSAND FIVE HUNDRED SIXTY
00:28:12.624 --> 00:28:16.595 region:rollup2
DWELLING POLICIES IN FORCE
00:28:14.793 --> 00:28:17.162 region:rollup2
WITH ONLY THIRTY EIGHT THOUSAND
00:28:16.595 --> 00:28:18.330 region:rollup2
ONE HUNDRED EIGHTY SEVEN OF
00:28:17.162 --> 00:28:20.399 region:rollup2
THEM.
00:28:18.330 --> 00:28:21.867 region:rollup2
OR THIRTY ONE POINT FOUR PERCENT
00:28:20.399 --> 00:28:23.302 region:rollup2
WRITTEN IN THE HIGH RISK FIRE
00:28:21.867 --> 00:28:24.336 region:rollup2
AREAS OF THE STATE.
00:28:23.302 --> 00:28:25.804 region:rollup2
BUT PEOPLE UNDERSTAND ABOUT THE
00:28:24.336 --> 00:28:27.239 region:rollup2
FAIR PLAY AND IS THAT THAT LYING
00:28:25.804 --> 00:28:28.473 region:rollup2
SURE THE FAIR PLAN POLICIES ARE
00:28:27.239 --> 00:28:30.242 region:rollup2
ACTUALLY WRITTEN IN LARGE
00:28:28.473 --> 00:28:31.710 region:rollup2
URBANIZED AREAS LIKE LOS ANGELES
00:28:30.242 --> 00:28:33.011 region:rollup2
WERE SADLY THERE INCIDENTS OF
00:28:31.710 --> 00:28:35.047 region:rollup2
OUR SINS AND OTHER KINDS OF
00:28:33.011 --> 00:28:36.048 region:rollup2
FIRES A BECAUSE. IT MEDICARE'S
00:28:35.047 --> 00:28:38.317 region:rollup2
TO DECIDE THAT'S IS TOO MUCH
00:28:36.048 --> 00:28:39.751 region:rollup2
RISK. AND SO OF THE HUNDRED
00:28:38.317 --> 00:28:41.954 region:rollup2
TWENTY ONE THOUSAND FIVE SIXTY
00:28:39.751 --> 00:28:42.721 region:rollup2
TOTAL FAIR PLAN POLICIES ONLY
00:28:41.954 --> 00:28:44.022 region:rollup2
THIRTY EIGHT THOUSAND ONE
00:28:42.721 --> 00:28:45.691 region:rollup2
HERSELF EIGHT HUNDRED EIGHTY
00:28:44.022 --> 00:28:48.126 region:rollup2
SEVEN. ARE IN THE RURAL HIGH
00:28:45.691 --> 00:28:49.661 region:rollup2
RISK FIRE AREAS HOWEVER A FROM
00:28:48.126 --> 00:28:51.897 region:rollup2
TWENTY TWELVE TO TWENTY SIXTEEN
00:28:49.661 --> 00:28:52.864 region:rollup2
THE FAIR PLAN HAS INCREASED ITS
00:28:51.897 --> 00:28:54.566 region:rollup2
WRITINGS IN THE HIGH RISK FIRE
00:28:52.864 --> 00:28:56.134 region:rollup2
AREAS. WHICH INDICATES THAT
00:28:54.566 --> 00:28:57.469 region:rollup2
SOMEONE HOMEOWNERS ARE NOT
00:28:56.134 --> 00:28:58.704 region:rollup2
FINDING AVAILABLE INSURANCE IN
00:28:57.469 --> 00:29:00.272 region:rollup2
THAT TRADITIONAL MARKET AND FOR
00:28:58.704 --> 00:29:02.507 region:rollup2
THOSE HOMEOWNERS IT IS A PROBLEM
00:29:00.272 --> 00:29:04.643 region:rollup2
IT IS A CHALLENGE. AND THERE'S A
00:29:02.507 --> 00:29:06.311 region:rollup2
HIGH PERCENTAGE OF THOSE HOMES
00:29:04.643 --> 00:29:08.113 region:rollup2
IN PARTICULAR COUNTIES SO THIS
00:29:06.311 --> 00:29:10.782 region:rollup2
IS BEING FELT MOST ACUTELY IN
00:29:08.113 --> 00:29:12.084 region:rollup2
PARTICULAR COUNTIES AS WELL.
00:29:10.782 --> 00:29:14.019 region:rollup2
KNOW OUR DATA SHOWS THE FAIR
00:29:12.084 --> 00:29:14.886 region:rollup2
PLANTS NEW BUSINESS WRITINGS IN
00:29:14.019 --> 00:29:17.956 region:rollup2
THE HIGH RISK FIRES ALMOST
00:29:14.886 --> 00:29:19.391 region:rollup2
DOUBLED WELL RENEWALS IN THESE
00:29:17.956 --> 00:29:20.826 region:rollup2
AREAS INCREASED BALLOTS FOR A
00:29:19.391 --> 00:29:21.793 region:rollup2
THIRTY PERCENT LET'S GO TO THE
00:29:20.826 --> 00:29:24.563 region:rollup2
NEXT SLIDE.
00:29:21.793 --> 00:29:27.366 region:rollup2
SO LET ME REPEAT THAT AGAIN.
00:29:24.563 --> 00:29:27.633 region:rollup2
THEIR NEW WRITINGS ALMOST
00:29:27.366 --> 00:29:29.668 region:rollup2
DOUBLED.
00:29:27.633 --> 00:29:31.403 region:rollup2
WENT UP BY FORTY ONE PERCENT.
00:29:29.668 --> 00:29:33.538 region:rollup2
AND THEIR ENEWALS INCREASED BY
00:29:31.403 --> 00:29:35.007 region:rollup2
THIRTY PERCENT WHICH MEANS THAT
00:29:33.538 --> 00:29:36.141 region:rollup2
THOSE THAT HAD THE FAIR PLAN.
00:29:35.007 --> 00:29:37.275 region:rollup2
THAT WE SAW AN INCREASE IN THE
00:29:36.141 --> 00:29:39.378 region:rollup2
PEOPLE STICKING WITH THE FAIR
00:29:37.275 --> 00:29:42.180 region:rollup2
PLAN BECAUSE THEY COULDN'T FIND
00:29:39.378 --> 00:29:43.882 region:rollup2
OTHER INSURANCE OUTSIDE OF THE
00:29:42.180 --> 00:29:45.751 region:rollup2
FAIR PLAN.
00:29:43.882 --> 00:29:47.185 region:rollup2
SO.
00:29:45.751 --> 00:29:48.553 region:rollup2
IT MARCH TWENTY SIXTEEN I
00:29:47.185 --> 00:29:50.389 region:rollup2
TESTIFIED BEFORE THE SENATE
00:29:48.553 --> 00:29:52.591 region:rollup2
INSURANCE COMMITTEE AND AYE A
00:29:50.389 --> 00:29:53.925 region:rollup2
TESTIFIED AT THAT TIME THAT FOUR
00:29:52.591 --> 00:29:55.260 region:rollup2
YEARS OF DROUGHT COMBINED WITH
00:29:53.925 --> 00:29:57.162 region:rollup2
MORE HOMES BUILT IN HIGH RISK
00:29:55.260 --> 00:29:58.397 region:rollup2
FIRE AREAS. WITH INSURERS USE
00:29:57.162 --> 00:30:00.432 region:rollup2
INCREASINGLY SOPHISTICATED
00:29:58.397 --> 00:30:01.833 region:rollup2
FORTRESS MODELS HAD RESULTED IN
00:30:00.432 --> 00:30:02.901 region:rollup2
HIGHER PRICES AND DECREASED
00:30:01.833 --> 00:30:04.336 region:rollup2
AVAILABILITY OF HOMEOWNERS
00:30:02.901 --> 00:30:06.204 region:rollup2
INSURANCE HIGH RISK FACTORS THAT
00:30:04.336 --> 00:30:08.540 region:rollup2
WASN'T TWENTY SIXTEEN THAT WAS.
00:30:06.204 --> 00:30:09.441 region:rollup2
EIGHTEEN MONTHS BEFORE LAST
00:30:08.540 --> 00:30:10.976 region:rollup2
YEAR'S EVENTS
00:30:09.441 --> 00:30:13.111 region:rollup2
CERTAINLY LAST YEAR'S EVENTS
00:30:10.976 --> 00:30:15.013 region:rollup2
UNDERSCORE THAT THIS PROBLEM IS
00:30:13.111 --> 00:30:16.982 region:rollup2
CONTINUING TO GROW. BY AND WE
00:30:15.013 --> 00:30:18.517 region:rollup2
SEE MORE INSURERS CHOOSING TO
00:30:16.982 --> 00:30:20.419 region:rollup2
NOT RENEW COVERAGE FOR EXISTING
00:30:18.517 --> 00:30:21.987 region:rollup2
POLICYHOLDERS WHOSE HOMES FACE A
00:30:20.419 --> 00:30:24.089 region:rollup2
HIGH RISK OF FIRE. IN SOME
00:30:21.987 --> 00:30:25.457 region:rollup2
INSURERS CHOOSING NOT TO WRITE
00:30:24.089 --> 00:30:27.826 region:rollup2
NEW HOMEOWNERS POLICIES IN LARGE
00:30:25.457 --> 00:30:28.894 region:rollup2
SWATHS OF THE HIGH RISK. AREAS
00:30:27.826 --> 00:30:30.362 region:rollup2
AND WE KNOW FROM EVALUATING
00:30:28.894 --> 00:30:31.763 region:rollup2
UNDERWRITING GUIDELINES FROM
00:30:30.362 --> 00:30:33.732 region:rollup2
CONSUMER COMPLAINTS THAT
00:30:31.763 --> 00:30:36.034 region:rollup2
INSURERS ARE BEGINNING TO AVOID
00:30:33.732 --> 00:30:37.502 region:rollup2
HIGH RISK FIRE AREAS OR LIMITING
00:30:36.034 --> 00:30:41.673 region:rollup2
THE NUMBER POLICIES ARE WILLING
00:30:37.502 --> 00:30:44.409 region:rollup2
TO WRITE. IN SUCH AREAS. NOW. UP
00:30:41.673 --> 00:30:46.011 region:rollup2
BECAUSE A IT EACH INSURED
00:30:44.409 --> 00:30:47.813 region:rollup2
THEMSELVES DECIDES WHAT THE RISK
00:30:46.011 --> 00:30:48.480 region:rollup2
APPETITE IS AND WHERE THEY GONNA
00:30:47.813 --> 00:30:49.748 region:rollup2
WRITE HOW MUCH THEY'RE GOING TO
00:30:48.480 --> 00:30:51.917 region:rollup2
WRITE. THAT THERE ARE NONE THE
00:30:49.748 --> 00:30:53.185 region:rollup2
LESS OPPORTUNITIES FOR HOMEOWNER
00:30:51.917 --> 00:30:54.519 region:rollup2
NON RENEWED BY ONE INSURER TO
00:30:53.185 --> 00:30:56.922 region:rollup2
POTENTIALLY FIND INSURANCE
00:30:54.519 --> 00:30:57.356 region:rollup2
COVERAGE FOR ANOTHER SHARE. WITH
00:30:56.922 --> 00:30:59.424 region:rollup2
A DILIGENT SEARCH.
00:30:57.356 --> 00:31:00.792 region:rollup2
HOWEVER.
00:30:59.424 --> 00:31:02.594 region:rollup2
SOME CONSUMERS ARE FINDING THEY
00:31:00.792 --> 00:31:04.996 region:rollup2
CAN'T FIND INSURANCE LIMITED
00:31:02.594 --> 00:31:06.965 region:rollup2
MARKET. AYE AND IF YOU HAVE A
00:31:04.996 --> 00:31:08.066 region:rollup2
MORTGAGE LIKE MOST OF US DO. YOU
00:31:06.965 --> 00:31:09.201 region:rollup2
HAVE TO HAVE COVERAGE MATTER
00:31:08.066 --> 00:31:10.936 region:rollup2
WHERE YOU LIVE.
00:31:09.201 --> 00:31:12.337 region:rollup2
AND CURRENT LAW DOES GIVE
00:31:10.936 --> 00:31:13.605 region:rollup2
INSURERS BROAD LATITUDE IN
00:31:12.337 --> 00:31:15.207 region:rollup2
DECIDING WHETHER TO WRITE FOR
00:31:13.605 --> 00:31:16.675 region:rollup2
CERTAIN RISKS. INCLUDING THE
00:31:15.207 --> 00:31:17.376 region:rollup2
ABILITY TO KLEIN WRITING
00:31:16.675 --> 00:31:19.311 region:rollup2
POLICIES FOR HOMES AND
00:31:17.376 --> 00:31:20.946 region:rollup2
BUSINESSES AND THEY CAN CHARGE
00:31:19.311 --> 00:31:22.481 region:rollup2
MORE FOR HIGHER RISK TO ACCOUNT
00:31:20.946 --> 00:31:25.117 region:rollup2
FOR THAT EXPECTED LOSSES
00:31:22.481 --> 00:31:26.551 region:rollup2
ASSOCIATED. WITH THOSE RECEIPTS
00:31:25.117 --> 00:31:27.652 region:rollup2
IMPORTERS STAND THAT IS THE
00:31:26.551 --> 00:31:30.088 region:rollup2
NATURE OF INSURANCE IT'S A
00:31:27.652 --> 00:31:32.457 region:rollup2
PRODUCT THAT'S DESIGNED AT TO
00:31:30.088 --> 00:31:33.558 region:rollup2
ENCOMPASS RISK IN THE PRICED
00:31:32.457 --> 00:31:35.360 region:rollup2
RELATED. TO RISK.
00:31:33.558 --> 00:31:37.362 region:rollup2
TWELVE CALIFORNIA COUNTIES HAVE
00:31:35.360 --> 00:31:39.898 region:rollup2
MORE THAN FIFTY PERCENT OF THEIR
00:31:37.362 --> 00:31:43.068 region:rollup2
HOMES RATED AS HIGH OR VERY HIGH
00:31:39.898 --> 00:31:44.603 region:rollup2
RISK. OF WILDFIRE BY THE TWO
00:31:43.068 --> 00:31:46.805 region:rollup2
PRIMARY WILDFIRE RISK MODELS
00:31:44.603 --> 00:31:48.774 region:rollup2
USED BY INSURERS FOR EXAMPLE.
00:31:46.805 --> 00:31:51.009 region:rollup2
EIGHTY PERCENT OF THE HOMES IN
00:31:48.774 --> 00:31:53.111 region:rollup2
TWELVE THE COUNTY ARE LOCATED IN
00:31:51.009 --> 00:31:55.814 region:rollup2
THE HIGHER VERY HIGH RISK AREA.
00:31:53.111 --> 00:31:57.649 region:rollup2
pSIGNIFICANT PERCENTAGE OF HOMES
00:31:55.814 --> 00:31:58.917 region:rollup2
IN THESE CATEGORIES SO THERE IS
00:31:57.649 --> 00:32:00.452 region:rollup2
A CONCENTRATION OF THIS
00:31:58.917 --> 00:32:02.888 region:rollup2
PHENOMENA WITHIN CERTAIN
00:32:00.452 --> 00:32:05.290 region:rollup2
GEOGRAPHIC AREAS IN CERTAIN.
00:32:02.888 --> 00:32:07.259 region:rollup2
COUNTIES NOW. I DIRECTED AT MY
00:32:05.290 --> 00:32:08.960 region:rollup2
DEPARTMENT TAKE A A NUMBER OF
00:32:07.259 --> 00:32:10.796 region:rollup2
STEPS A BEFORE AND AFTER THE
00:32:08.960 --> 00:32:12.664 region:rollup2
MARCH TWENTY SIXTEEN THAT I
00:32:10.796 --> 00:32:14.399 region:rollup2
SENATE HEARING. A ONE WAS A
00:32:12.664 --> 00:32:15.367 region:rollup2
DIRECTED THAT WE PARTICIPATE
00:32:14.399 --> 00:32:16.968 region:rollup2
THAT IN THE GOVERNOR'S TREE
00:32:15.367 --> 00:32:18.703 region:rollup2
MORTALITY TASK FORCE INSURANCE
00:32:16.968 --> 00:32:20.105 region:rollup2
SUB GROUP. AND THIS GROUP IS
00:32:18.703 --> 00:32:21.406 region:rollup2
BEEN CHARGED WITH IDENTIFYING
00:32:20.105 --> 00:32:23.375 region:rollup2
INSURANCE ISSUES CAUSED BY THE
00:32:21.406 --> 00:32:24.743 region:rollup2
MASSIVE NUMBER OF DYING TREES IN
00:32:23.375 --> 00:32:27.078 region:rollup2
AREAS A CALIFORNIAN INCREASE
00:32:24.743 --> 00:32:28.547 region:rollup2
RISK OF WILDFIRE. THAT TASK
00:32:27.078 --> 00:32:29.915 region:rollup2
FORCE WITH OUR PARTICIPATION IS
00:32:28.547 --> 00:32:31.550 region:rollup2
MEETING NOW FOR MORE THAN TWO
00:32:29.915 --> 00:32:33.385 region:rollup2
YEARS SINCE IDENTIFIED A NUMBER
00:32:31.550 --> 00:32:33.685 region:rollup2
PROBLEMS IN SOME PROPOSED
00:32:33.385 --> 00:32:36.388 region:rollup2
SOLUTIONS.
00:32:33.685 --> 00:32:37.255 region:rollup2
HOWEVER WITHOUT NEW LAWS
00:32:36.388 --> 00:32:38.557 region:rollup2
IMPLEMENTATION OF THE TASK
00:32:37.255 --> 00:32:40.125 region:rollup2
FORCE'S RECOMMENDATIONS REMAINS
00:32:38.557 --> 00:32:41.326 region:rollup2
A CHALLENGE THAT AS THEIR
00:32:40.125 --> 00:32:42.794 region:rollup2
PROPOSED SOLUTIONS CURRENTLY
00:32:41.326 --> 00:32:44.663 region:rollup2
RELY ON INSURERS MAKING
00:32:42.794 --> 00:32:47.065 region:rollup2
VOLUNTARY CHANGES. IN THEIR
00:32:44.663 --> 00:32:47.999 region:rollup2
OPERATIONS AND THEIR DECISION
00:32:47.065 --> 00:32:50.135 region:rollup2
MAKING.
00:32:47.999 --> 00:32:51.670 region:rollup2
SO THERE ARE LIMITATIONS THEN
00:32:50.135 --> 00:32:53.004 region:rollup2
BY LESS LEGISLATURE ACTS WITH
00:32:51.670 --> 00:32:55.273 region:rollup2
REGARD TO THE TASK FORCE'S
00:32:53.004 --> 00:32:56.975 region:rollup2
RECOMMENDATIONS I ALSO DIRECTED
00:32:55.273 --> 00:32:58.944 region:rollup2
MY DEPARTMENT UNDERTAKE ITS OWN
00:32:56.975 --> 00:33:00.111 region:rollup2
ANALYSIS AND COME UP WITH SOME
00:32:58.944 --> 00:33:01.146 region:rollup2
PROPOSED SOLUTIONS AS WELL IN
00:33:00.111 --> 00:33:03.114 region:rollup2
THOSE ARE CONTAINED IN THE
00:33:01.146 --> 00:33:05.417 region:rollup2
REPORT THAT WE RELEASED. EARLIER
00:33:03.114 --> 00:33:06.818 region:rollup2
THIS YEAR AT SO I'VE SHARED WITH
00:33:05.417 --> 00:33:08.687 region:rollup2
YOU AYE SOME OF THE RESULTS.
00:33:06.818 --> 00:33:10.555 region:rollup2
I THINK IT'S ALSO IMPORTANT TO
00:33:08.687 --> 00:33:11.990 region:rollup2
NOTE THAT BASED ON CONSUMER
00:33:10.555 --> 00:33:13.425 region:rollup2
COMPLAINTS STEMMING FROM A
00:33:11.990 --> 00:33:14.726 region:rollup2
RENEWAL ISSUES WE'RE ALSO SEEING
00:33:13.425 --> 00:33:16.228 region:rollup2
CONSUMER COMPLAINTS OF LARGE
00:33:14.726 --> 00:33:17.662 region:rollup2
PREMIUM INCREASES IN THOSE ROSE
00:33:16.228 --> 00:33:19.531 region:rollup2
SIGNIFICANTLY FROM TWENTY TEN TO
00:33:17.662 --> 00:33:21.233 region:rollup2
TWENTY SIXTEEN. THAT PARTICULAR
00:33:19.531 --> 00:33:23.068 region:rollup2
IN THE ZIP CODES DESIGNATED BY
00:33:21.233 --> 00:33:24.736 region:rollup2
CAL FIRE AS HAVING THE GREATEST
00:33:23.068 --> 00:33:26.037 region:rollup2
RISK OF WILDFIRE.
00:33:24.736 --> 00:33:27.539 region:rollup2
WITH REGARD TO COMPLAINTS
00:33:26.037 --> 00:33:28.874 region:rollup2
FORGETTING ABOUT INCREASE
00:33:27.539 --> 00:33:30.408 region:rollup2
PREMIUMS THE CALIFORNIA
00:33:28.874 --> 00:33:32.410 region:rollup2
DESIGNATED ZIP CODES MAKE UP
00:33:30.408 --> 00:33:35.347 region:rollup2
MORE THAN SEVENTY PERCENT OF
00:33:32.410 --> 00:33:36.114 region:rollup2
THEIR GEOGRAPHIC LOCATION OF
00:33:35.347 --> 00:33:38.483 region:rollup2
THOSE COMPLAINTS.
00:33:36.114 --> 00:33:39.985 region:rollup2
SO WE HAVE SEEN SEVERAL MAJOR
00:33:38.483 --> 00:33:41.319 region:rollup2
INSURERS BEGINNING TO PULL BACK
00:33:39.985 --> 00:33:43.388 region:rollup2
FROM READING NEW BUSINESS.
00:33:41.319 --> 00:33:45.357 region:rollup2
AND ALSO DECLINING TO RENEW.
00:33:43.388 --> 00:33:47.359 region:rollup2
WE'VE SEEN SOME INCREASE IN
00:33:45.357 --> 00:33:49.327 region:rollup2
FAIR PLAN WRITING AND WE'VE SEEN
00:33:47.359 --> 00:33:52.130 region:rollup2
SOME INCREASE IN WRITING BY THE
00:33:49.327 --> 00:33:54.332 region:rollup2
SURPLUS LINES INSURERS.
00:33:52.130 --> 00:33:56.034 region:rollup2
NOW THE LEGISLATURE IS NOT
00:33:54.332 --> 00:33:57.469 region:rollup2
ENACTED ANY SPECIFIC STATURE
00:33:56.034 --> 00:33:59.070 region:rollup2
STANDARDS TO RESTRICT THE USE OF
00:33:57.469 --> 00:34:00.505 region:rollup2
OR ENSURE THE ACCURACY OF THESE
00:33:59.070 --> 00:34:02.007 region:rollup2
WILDFIRE RISK MODELS THAT THE
00:34:00.505 --> 00:34:03.174 region:rollup2
INSURERS ARE USING.
00:34:02.007 --> 00:34:05.543 region:rollup2
AND THERE'S NO MECHANISM IN
00:34:03.174 --> 00:34:07.846 region:rollup2
PLACE FOR CONSUMERS TO APPEAL
00:34:05.543 --> 00:34:09.548 region:rollup2
THESE MODELS SO ONE OF OUR
00:34:07.846 --> 00:34:11.583 region:rollup2
RECOMMENDATIONS IS THAT YOU DO
00:34:09.548 --> 00:34:13.518 region:rollup2
EXACTLYTHAT. AYE THAT YOU ABOUT
00:34:11.583 --> 00:34:14.753 region:rollup2
REQUIRE THE MODELS TO BE FILED
00:34:13.518 --> 00:34:16.121 region:rollup2
WITH THE DEPARTMENT.
00:34:14.753 --> 00:34:17.255 region:rollup2
AND YOU GIVE THE DEPARTMENT
00:34:16.121 --> 00:34:18.557 region:rollup2
AFTER YOUR REVIEW AND APPROVE
00:34:17.255 --> 00:34:20.292 region:rollup2
THEM WHAT'S PARTICULARLY
00:34:18.557 --> 00:34:21.459 region:rollup2
FRUSTRATING FOR HOMEOWNERS THAT
00:34:20.292 --> 00:34:23.528 region:rollup2
IS WHEN THEY TAKE STEPS THAT
00:34:21.459 --> 00:34:24.262 region:rollup2
THEIR LOCAL FIRE OFFICIALS HAVE
00:34:23.528 --> 00:34:26.097 region:rollup2
ENCOURAGED THEM TO TAKE.
00:34:24.262 --> 00:34:27.499 region:rollup2
TO CREATE MORE DEFENSIBLE SPACE
00:34:26.097 --> 00:34:30.168 region:rollup2
AND OTHERWISE MAKE THEIR HOMES
00:34:27.499 --> 00:34:32.003 region:rollup2
MORE DEFENSIBLE FROM FIRE THAT
00:34:30.168 --> 00:34:34.639 region:rollup2
THOSE PARTICULAR MITIGATION
00:34:32.003 --> 00:34:36.374 region:rollup2
MEASURES ARE NOT IN SOME MODELS
00:34:34.639 --> 00:34:39.044 region:rollup2
REFLECTED BY THE MODELS RICH
00:34:36.374 --> 00:34:40.512 region:rollup2
SCORE. IN SOME CASES EFFORTS
00:34:39.044 --> 00:34:42.347 region:rollup2
COMMUNITIES ARE TAKING TO BETTER
00:34:40.512 --> 00:34:44.316 region:rollup2
DEFEND THEMSELVES FROM FIRE ARE
00:34:42.347 --> 00:34:47.085 region:rollup2
ALSO NOT BEING TAKEN INTO
00:34:44.316 --> 00:34:48.520 region:rollup2
ACCOUNT. A BY THE MODELS HENCE
00:34:47.085 --> 00:34:49.888 region:rollup2
OUR RECOMMENDATION TO YOU ARE
00:34:48.520 --> 00:34:51.656 region:rollup2
THAT THE MODELS BE REQUIRED TO
00:34:49.888 --> 00:34:53.792 region:rollup2
BE FILED AND THAT WE BE GIVEN
00:34:51.656 --> 00:34:56.861 region:rollup2
THE OPPORTUNITY. I TO REVIEW
00:34:53.792 --> 00:34:57.562 region:rollup2
THEM THAT ACCORDINGLY. NOW I
00:34:56.861 --> 00:34:59.965 region:rollup2
THINK THE OTHER.
00:34:57.562 --> 00:35:01.066 region:rollup2
THAT THING THAT WE'VE DONE AS
00:34:59.965 --> 00:35:02.567 region:rollup2
WELL AS WE'VE TAKEN SOME
00:35:01.066 --> 00:35:04.469 region:rollup2
IMPORTANT STEPS WITH REGARD THE
00:35:02.567 --> 00:35:06.604 region:rollup2
FAIR PLAN TO MAKE SURE. I IT'S
00:35:04.469 --> 00:35:08.139 region:rollup2
MORE WIDELY KNOWN THAT IT EXISTS
00:35:06.604 --> 00:35:10.809 region:rollup2
THAT WE MAY ASK THE FAIR PLAYING
00:35:08.139 --> 00:35:11.910 region:rollup2
TO MAKE SIGNIFICANT APPROVED ITS
00:35:10.809 --> 00:35:13.745 region:rollup2
TO ITS POLICIES IN MARKETING.
00:35:11.910 --> 00:35:15.780 region:rollup2
BUT CONDUCTED OUTREACH.
00:35:13.745 --> 00:35:17.215 region:rollup2
DEMI VAST AND IN FACT WE
00:35:15.780 --> 00:35:18.850 region:rollup2
SPONSORED LEGISLATION CARRIED BY
00:35:17.215 --> 00:35:20.919 region:rollup2
SENATOR MCGUIRE THAT ACTUALLY
00:35:18.850 --> 00:35:23.021 region:rollup2
REQUIRES THAT INSURERS AND
00:35:20.919 --> 00:35:23.455 region:rollup2
AGENTS AND BROKERS TO INFORM
00:35:23.021 --> 00:35:25.490 region:rollup2
CONSUMERS ABOUT THE
00:35:23.455 --> 00:35:27.092 region:rollup2
AVAILABILITY.
00:35:25.490 --> 00:35:28.593 region:rollup2
OF THE FAIR PLAN WE'RE ALSO
00:35:27.092 --> 00:35:29.427 region:rollup2
ENCOURAGING INSURERS TO WRITE
00:35:28.593 --> 00:35:31.229 region:rollup2
WHAT'S CALLED DIFFERENCES N
00:35:29.427 --> 00:35:32.764 region:rollup2
CONDITIONS COVERAGE WHICH SITS
00:35:31.229 --> 00:35:34.366 region:rollup2
ON TOP OF THE FAIR PLANTS UP A
00:35:32.764 --> 00:35:35.633 region:rollup2
HOMEOWNER. HAS ONLY THE FAIR
00:35:34.366 --> 00:35:37.702 region:rollup2
PLAN TO LOOK TO FOR FIRE
00:35:35.633 --> 00:35:39.104 region:rollup2
INSURANCE WE'RE ASKING INSURERS
00:35:37.702 --> 00:35:40.939 region:rollup2
TO WRITE COVERAGE ON TOP OF THAT
00:35:39.104 --> 00:35:42.674 region:rollup2
SO HOMEOWNERS HAVE FULLY
00:35:40.939 --> 00:35:44.275 region:rollup2
AVAILABLE. INSURANCE AVAILABLE
00:35:42.674 --> 00:35:46.945 region:rollup2
TO THEM MISSIONER JONES COULD I
00:35:44.275 --> 00:35:48.046 region:rollup2
ASK YOU ARE FREE TO A CLOSE.
00:35:46.945 --> 00:35:50.582 region:rollup2
I I SHOULD HAVE REALIZED A GOOD
00:35:48.046 --> 00:35:52.550 region:rollup2
POLITICIAN HAS A LOT TO SAY.
00:35:50.582 --> 00:35:54.285 region:rollup2
GOOD INSURANCE COMMISSIONER HAS
00:35:52.550 --> 00:35:54.986 region:rollup2
A LOT TO SAY THERE YOU GO THAT'S
00:35:54.285 --> 00:35:57.422 region:rollup2
EXACTLY WHAT I MEANT.
00:35:54.986 --> 00:35:59.257 region:rollup2
BUT IF YOU COULD JUST GIVE US.
00:35:57.422 --> 00:36:00.225 region:rollup2
THE SORT OF.
00:35:59.257 --> 00:36:02.827 region:rollup2
THE ESSENCE OF WHAT YOU WOULD
00:36:00.225 --> 00:36:04.496 region:rollup2
LIKE US TO TAKE INTO ACCOUNT AS
00:36:02.827 --> 00:36:05.764 region:rollup2
WE GO FORWARD WONDERFUL SO LET
00:36:04.496 --> 00:36:07.465 region:rollup2
ME JUST DRILL DOWN TO SOME
00:36:05.764 --> 00:36:09.601 region:rollup2
RECOMMENDATIONS THAT WE'VE MADE.
00:36:07.465 --> 00:36:11.903 region:rollup2
IN OUR REPORT OUTSIDE THAT
00:36:09.601 --> 00:36:13.004 region:rollup2
WOULD REQUIRE LEGISLATION TO
00:36:11.903 --> 00:36:15.273 region:rollup2
ENCOMPASS.
00:36:13.004 --> 00:36:17.709 region:rollup2
ONE IS THOUGHT WE HAVE
00:36:15.273 --> 00:36:18.877 region:rollup2
SUGGESTED I THAT THE LEGISLATURE
00:36:17.709 --> 00:36:20.378 region:rollup2
REQUIRE INSURERS TO OFFER
00:36:18.877 --> 00:36:21.980 region:rollup2
HOMEOWNERS INSURANCE IN THE
00:36:20.378 --> 00:36:24.215 region:rollup2
WILDLAND URBAN INTERFACE IF%
00:36:21.980 --> 00:36:26.151 region:rollup2
SPECIFIED PROVEN MITIGATION
00:36:24.215 --> 00:36:27.852 region:rollup2
IMPROVEMENTS. HAVE BEEN MADE BY
00:36:26.151 --> 00:36:29.587 region:rollup2
THE HOMEOWNER TO THE DWELLING
00:36:27.852 --> 00:36:30.622 region:rollup2
STRUCTURE AND THE PROPERTY.
00:36:29.587 --> 00:36:32.023 region:rollup2
AND.
00:36:30.622 --> 00:36:33.024 region:rollup2
THAT'S STANDARD OF COURSE WOULD
00:36:32.023 --> 00:36:35.026 region:rollup2
BE DEFINED BY YOU THE
00:36:33.024 --> 00:36:36.628 region:rollup2
LEGISLATURE IT CAN BE AS HIGH AS
00:36:35.026 --> 00:36:38.596 region:rollup2
YOU DEEM APPROPRIATE BUT THE
00:36:36.628 --> 00:36:40.131 region:rollup2
NOTION WOULD BE IF HOMEOWNERS
00:36:38.596 --> 00:36:41.399 region:rollup2
MEDIA STANDARD. THEN THEY SHOULD
00:36:40.131 --> 00:36:43.301 region:rollup2
BE OFFERED INSURANCE NO
00:36:41.399 --> 00:36:45.070 region:rollup2
ALTERNATIVE TO THAT WOULD BE TO
00:36:43.301 --> 00:36:47.472 region:rollup2
SAY THE INSURER LOOK.
00:36:45.070 --> 00:36:49.541 region:rollup2
YEAH I AS AN ALTERNATE ACTUALLY
00:36:47.472 --> 00:36:50.909 region:rollup2
OFFERING THE INSURANCE AT A
00:36:49.541 --> 00:36:52.377 region:rollup2
MINIMUM OFFER DIFFERENCES IN
00:36:50.909 --> 00:36:54.145 region:rollup2
CONDITIONS POLICY SO THAT
00:36:52.377 --> 00:36:55.380 region:rollup2
SOMEONE MEETS A STANDARD OF
00:36:54.145 --> 00:36:56.781 region:rollup2
MITIGATION.
00:36:55.380 --> 00:36:59.250 region:rollup2
AND YOU'RE NOT GOING TO OFFER
00:36:56.781 --> 00:37:00.618 region:rollup2
THEM A HOME INSURANCE THAT THEY
00:36:59.250 --> 00:37:01.886 region:rollup2
GET INSURANCE FROM THE FAIR PLAN
00:37:00.618 --> 00:37:03.521 region:rollup2
AT LEAST GIVE THEM DIFFERENCES
00:37:01.886 --> 00:37:05.156 region:rollup2
IN CONDITIONS COVERAGE SO THEY
00:37:03.521 --> 00:37:06.624 region:rollup2
HAVE FULL INSURANCE A SECOND
00:37:05.156 --> 00:37:07.859 region:rollup2
RECOMMENDATION IS TO REQUIRE
00:37:06.624 --> 00:37:10.095 region:rollup2
INSURERS TO OFFER MITIGATION
00:37:07.859 --> 00:37:11.529 region:rollup2
PREMIUM CREDIT. FOR THOSE
00:37:10.095 --> 00:37:12.831 region:rollup2
PROPERTY OWNERS ARE COMMUNITIES
00:37:11.529 --> 00:37:14.699 region:rollup2
THAT HAVE UNDERTAKEN PROVEN
00:37:12.831 --> 00:37:15.567 region:rollup2
MITIGATION EFFORTS AGAIN THE
00:37:14.699 --> 00:37:17.602 region:rollup2
LEGISLATURE WOULD DEFINE THOSE
00:37:15.567 --> 00:37:18.603 region:rollup2
YOU COULD FIND THAT MITIGATION
00:37:17.602 --> 00:37:20.271 region:rollup2
STANDARDS HIGH AS YOU WANT.
00:37:18.603 --> 00:37:21.773 region:rollup2
OTHER WE THINK THE NOTION OF A
00:37:20.271 --> 00:37:23.074 region:rollup2
PRIMA CREDIT MAKE SENSE BOTH AS
00:37:21.773 --> 00:37:25.076 region:rollup2
AN INCENTIVE BUT ALSO TO
00:37:23.074 --> 00:37:25.977 region:rollup2
RECOGNIZE THOSE HOMEOWNERS IN
00:37:25.076 --> 00:37:27.912 region:rollup2
COMMUNITIES THAT ARE DOING
00:37:25.977 --> 00:37:30.115 region:rollup2
THINGS TO MAKE THEMSELVES MORE
00:37:27.912 --> 00:37:31.349 region:rollup2
DEFENSIBLE. FROM FIRES I
00:37:30.115 --> 00:37:34.185 region:rollup2
MENTIONED.
00:37:31.349 --> 00:37:36.988 region:rollup2
REQUIRING INSURERS TO FILE
00:37:34.185 --> 00:37:39.224 region:rollup2
OBTAIN APPROVAL OF THE LIVE
00:37:36.988 --> 00:37:42.694 region:rollup2
VIRUS BOTTLES A FOURTH
00:37:39.224 --> 00:37:42.927 region:rollup2
RECOMMENDATION IS AN APPEALS
00:37:42.694 --> 00:37:44.295 region:rollup2
PROCESS
00:37:42.927 --> 00:37:45.597 region:rollup2
FOR HOMEOWNERS.
00:37:44.295 --> 00:37:46.831 region:rollup2
A FORD INSURERS ADVERSE DECISION
00:37:45.597 --> 00:37:47.599 region:rollup2
TO NOT RENEW CANCEL IS FINALIZED
00:37:46.831 --> 00:37:48.466 region:rollup2
RIGHT NOW THERE'S NO REAL
00:37:47.599 --> 00:37:49.100 region:rollup2
MECHANISM FOR HOMEOWNERS TO
00:37:48.466 --> 00:37:49.667 region:rollup2
APPEAL THAT OTHER THAN TO OUR
00:37:49.100 --> 00:37:50.668 region:rollup2
DEPARTMENT AND WE HAVE VERY
00:37:49.667 --> 00:37:51.469 region:rollup2
LIMITED AUTHORITY WITH REGARD TO
00:37:50.668 --> 00:37:52.771 region:rollup2
INSURERS UNDERWRITING. SOBRE
00:37:51.469 --> 00:37:54.405 region:rollup2
SUGGESTING AN APPEAL MECHANISM
00:37:52.771 --> 00:37:55.673 region:rollup2
FIFTH WE THINK THAT THERE BE
00:37:54.405 --> 00:37:57.742 region:rollup2
SOME REAL VALUE IN TERMS OF
00:37:55.673 --> 00:37:58.409 region:rollup2
STABILIZING THE RATING STRUCTURE
00:37:57.742 --> 00:38:00.145 region:rollup2
BY.
00:37:58.409 --> 00:38:02.780 region:rollup2
AUTHORIZING US TO GATHER
00:38:00.145 --> 00:38:04.549 region:rollup2
INDUSTRY WIDE LOST DATA.
00:38:02.780 --> 00:38:06.117 region:rollup2
ASSOCIATED A WITH THESE FIRES
00:38:04.549 --> 00:38:07.652 region:rollup2
AND MAKE THAT A DATA AVAILABLE
00:38:06.117 --> 00:38:08.620 region:rollup2
TO LL MARKET PARTICIPANTS IN
00:38:07.652 --> 00:38:09.921 region:rollup2
ORDER TO MAKE SURE THAT
00:38:08.620 --> 00:38:11.556 region:rollup2
HOMEOWNERS INSURANCE RATES IN
00:38:09.921 --> 00:38:13.525 region:rollup2
PREMIUMS ARE ADEQUATE. BUT NOT
00:38:11.556 --> 00:38:15.960 region:rollup2
EXCESSIVE FOR THE UNDERLYING
00:38:13.525 --> 00:38:17.295 region:rollup2
WILDFIRE RISK SO THESE ARE SOME
00:38:15.960 --> 00:38:19.197 region:rollup2
OF OUR A PRINCIPLE
00:38:17.295 --> 00:38:20.198 region:rollup2
RECOMMENDATIONS IN OUR REPORT.
00:38:19.197 --> 00:38:22.700 region:rollup2
AND.
00:38:20.198 --> 00:38:23.568 region:rollup2
LET ME JUST CLOSE BY SAYING
00:38:22.700 --> 00:38:26.504 region:rollup2
THAT I BELIEVE THESE
00:38:23.568 --> 00:38:28.373 region:rollup2
RECOMMENDATIONS ARE A VERY
00:38:26.504 --> 00:38:29.874 region:rollup2
BALANCED AND NUANCED LA I'M
00:38:28.373 --> 00:38:32.143 region:rollup2
ATTENTIVE TO THE CONCERNS OF
00:38:29.874 --> 00:38:33.378 region:rollup2
SOME OF YOU HAVE RAISED. ABOUT A
00:38:32.143 --> 00:38:35.046 region:rollup2
TAKING A BALANCED APPROACH HERE
00:38:33.378 --> 00:38:36.381 region:rollup2
THAT WHICH IS NECESSARY TO MAKE
00:38:35.046 --> 00:38:38.283 region:rollup2
SURE THAT WE CONTINUE TO HAVE A
00:38:36.381 --> 00:38:39.684 region:rollup2
ROBUST INSURANCE MARKET. THAT
00:38:38.283 --> 00:38:41.419 region:rollup2
WE'RE VERY PROUD OF THE
00:38:39.684 --> 00:38:43.922 region:rollup2
DEPARTMENT DIED THAT THE MARKET
00:38:41.419 --> 00:38:45.256 region:rollup2
IS ROBUST THAT WE'RE VERY PROUD
00:38:43.922 --> 00:38:47.358 region:rollup2
THAT WE'VE SEEN IN EXPANSION.
00:38:45.256 --> 00:38:48.827 region:rollup2
IN A COVERAGE.
00:38:47.358 --> 00:38:49.994 region:rollup2
OVER THE LAST NERVE YEARS FOR
00:38:48.827 --> 00:38:51.696 region:rollup2
EXAMPLE ALL STATE CAME BACK IN
00:38:49.994 --> 00:38:53.164 region:rollup2
THE MARKET THE OTHER YEAR AFTER
00:38:51.696 --> 00:38:55.800 region:rollup2
BEING OUT OF THE MARKET FOR OVER
00:38:53.164 --> 00:38:57.068 region:rollup2
A DECADE. AYE SO WE WANT TO MAKE
00:38:55.800 --> 00:38:59.304 region:rollup2
SURE THE INSURERS ARE HERE WE
00:38:57.068 --> 00:39:00.972 region:rollup2
ALSO WANT TO MAKE SURE. THAT
00:38:59.304 --> 00:39:03.875 region:rollup2
CONSUMERS WHEN THEY'RE TAKING
00:39:00.972 --> 00:39:05.176 region:rollup2
STEPS TO MITIGATE RISK ARE A
00:39:03.875 --> 00:39:07.145 region:rollup2
GIVEN THE OPPORTUNITY THEN TO
00:39:05.176 --> 00:39:09.147 region:rollup2
HAVE INSURANCE SO THOSE ARE MY
00:39:07.145 --> 00:39:10.515 region:rollup2
CLOSING THOUGHTS AND I
00:39:09.147 --> 00:39:11.749 region:rollup2
APPRECIATE YOUR KIND ATTENTION.
00:39:10.515 --> 00:39:12.917 region:rollup2
THANK YOU VERY MUCH I THINK VERY
00:39:11.749 --> 00:39:13.518 region:rollup2
HELPFUL IN A COURSE AT THE END
00:39:12.917 --> 00:39:15.553 region:rollup2
OF THE DAY IT MIGHT COME DOWN
00:39:13.518 --> 00:39:17.689 region:rollup2
TO.
00:39:15.553 --> 00:39:19.324 region:rollup2
A DISCUSSION ABOUT WHAT TO
00:39:17.689 --> 00:39:21.292 region:rollup2
ADEQUATE AND NOT EXCESSIVE.
00:39:19.324 --> 00:39:22.126 region:rollup2
AND I'M SURE THOSE WILL BE
00:39:21.292 --> 00:39:22.894 region:rollup2
DISCUSSIONS WILL HAVE GOING
00:39:22.126 --> 00:39:25.496 region:rollup2
FORWARD.
00:39:22.894 --> 00:39:26.831 region:rollup2
DEPUTY DIRECTOR OF CAL FIRE
00:39:25.496 --> 00:39:28.1000 region:rollup2
MATTHEW RUSH MINUTES OUR NEXT
00:39:26.831 --> 00:39:31.069 region:rollup2
SPEAKER AND GIVEN THAT HE IS NOT
00:39:28.1000 --> 00:39:33.104 region:rollup2
A IN THE POLITICAL WORLD BUT AS
00:39:31.069 --> 00:39:34.906 region:rollup2
A FIREFIGHTER EXPECTED HE MIGHT
00:39:33.104 --> 00:39:36.574 region:rollup2
BE ABLE TO KEEP WITHIN THAT. TEN
00:39:34.906 --> 00:39:38.409 region:rollup2
MINUTE PERIOD AND THEN WE'LL
00:39:36.574 --> 00:39:39.811 region:rollup2
OPEN IT UP FOR FOR QUESTIONS WAS
00:39:38.409 --> 00:39:41.446 region:rollup2
ADAM.
00:39:39.811 --> 00:39:43.348 region:rollup2
I I SHARE THAT ABSOLUTE OTHER
00:39:41.446 --> 00:39:45.783 region:rollup2
NOMENCLATURE SO I'M TRYING TO BE
00:39:43.348 --> 00:39:48.386 region:rollup2
VERY SENSITIVE TO THE FACT THAT.
00:39:45.783 --> 00:39:49.821 region:rollup2
WE DO HAVE SOME TIME CONSTRAINTS
00:39:48.386 --> 00:39:50.188 region:rollup2
OF I'M SURE GO AHEAD I THINK
00:39:49.821 --> 00:39:51.456 region:rollup2
INITIATE THAT.
00:39:50.188 --> 00:39:52.991 region:rollup2
CHAIRS MEMBERS OF THE COMMITTEE
00:39:51.456 --> 00:39:54.158 region:rollup2
MATTHEW REISMAN CAL FIRE ON THE
00:39:52.991 --> 00:39:55.627 region:rollup2
ASSISTANT DEPUTY DIRECTOR FOR
00:39:54.158 --> 00:39:55.827 region:rollup2
RESOURCE PROTECTION IMPROVEMENT
00:39:55.627 --> 00:39:57.896 region:rollup2
AND.
00:39:55.827 --> 00:39:59.364 region:rollup2
NO ABSOLUTELY DON'T MIND
00:39:57.896 --> 00:40:00.832 region:rollup2
YIELDING TIME TO A COMMISSIONER
00:39:59.364 --> 00:40:03.034 region:rollup2
JONES IN IN CERTAINLY APPRECIATE
00:40:00.832 --> 00:40:04.702 region:rollup2
HIS HIS COMMENT. AND THE SUPPORT
00:40:03.034 --> 00:40:06.304 region:rollup2
THAT THEY PROVIDED A OVER THE
00:40:04.702 --> 00:40:08.439 region:rollup2
LAST FEW YEARS IN REGARD TO
00:40:06.304 --> 00:40:09.507 region:rollup2
INSURANCE AND OUR INVOLVEMENT AT
00:40:08.439 --> 00:40:12.810 region:rollup2
THE DEPARTMENT AND WITH THE TREE
00:40:09.507 --> 00:40:13.211 region:rollup2
MORTALITY TASK FORCE TO TRY TO
00:40:12.810 --> 00:40:13.645 region:rollup2
DRILL DOWN.
00:40:13.211 --> 00:40:14.646 region:rollup2
ON SOME OF THOSE.
00:40:13.645 --> 00:40:16.447 region:rollup2
QUESTIONS AND CONCERNS
00:40:14.646 --> 00:40:17.448 region:rollup2
REGARDING INSURANCE SO WE SHOULD
00:40:16.447 --> 00:40:19.851 region:rollup2
THE OPPORTUNITY TO TALK TO THEY
00:40:17.448 --> 00:40:22.020 region:rollup2
BRIEFLY ABOUT A DROUGHT CLIMATE.
00:40:19.851 --> 00:40:23.588 region:rollup2
A CLIMATE CHANGE AND IN FIRE AND
00:40:22.020 --> 00:40:24.689 region:rollup2
THE EFFECTS THAT'S HAVING ON ON
00:40:23.588 --> 00:40:26.224 region:rollup2
OUR FIRES THAT WE'RE SEEING
00:40:24.689 --> 00:40:27.292 region:rollup2
ACROSS THE STATE. AND LITTLE BIT
00:40:26.224 --> 00:40:28.493 region:rollup2
ABOUT FOR STEALTH AND FIRE
00:40:27.292 --> 00:40:30.928 region:rollup2
PREVENTION ACTIVITIES AND AND
00:40:28.493 --> 00:40:31.896 region:rollup2
WHAT WE DO AND ARE TRYING TO DO
00:40:30.928 --> 00:40:33.598 region:rollup2
TO ADDRESS THE PROBLEM.
00:40:31.896 --> 00:40:34.632 region:rollup2
TO BEGIN WITH OBVIOUSLY WE'VE
00:40:33.598 --> 00:40:36.000 region:rollup2
SEEN SIGNIFICANT CHANGES ACROSS
00:40:34.632 --> 00:40:37.635 region:rollup2
THE LANDSCAPE OF THE TREE
00:40:36.000 --> 00:40:38.836 region:rollup2
MORTALITY IS IS RELATIVELY
00:40:37.635 --> 00:40:40.939 region:rollup2
UNPRECEDENTED.
00:40:38.836 --> 00:40:42.707 region:rollup2
IN RECENT HISTORY OF THAT LEVEL
00:40:40.939 --> 00:40:44.175 region:rollup2
OF MORTALITY.
00:40:42.707 --> 00:40:44.709 region:rollup2
OBVIOUSLY THAT THE HOTTER DRIER
00:40:44.175 --> 00:40:45.843 region:rollup2
AREAS.
00:40:44.709 --> 00:40:46.978 region:rollup2
OR WHERE WE'RE SEEING THE
00:40:45.843 --> 00:40:48.947 region:rollup2
GREATEST LEVEL OF MORTALITY
00:40:46.978 --> 00:40:50.848 region:rollup2
WE'RE SEEING VEGETATION CHANGES
00:40:48.947 --> 00:40:51.582 region:rollup2
NOW ACROSS THE LANDSCAPE THAT
00:40:50.848 --> 00:40:54.152 region:rollup2
MAY NOT BECOME.
00:40:51.582 --> 00:40:55.420 region:rollup2
THE RESTORED BACK TO FOREST'S
00:40:54.152 --> 00:40:57.355 region:rollup2
THESE THESE ARE AREAS THAT MAY
00:40:55.420 --> 00:40:58.089 region:rollup2
END UP BRUSH DOMINATED HABITATS
00:40:57.355 --> 00:40:59.490 region:rollup2
IN GRASS.
00:40:58.089 --> 00:41:00.925 region:rollup2
IT'S NOT NECESSARILY BAD BUT
00:40:59.490 --> 00:41:02.293 region:rollup2
IT'S DIFFERENT AND IT'S A CHANGE
00:41:00.925 --> 00:41:03.628 region:rollup2
IN THE WILDLIFE POPULATIONS OUT
00:41:02.293 --> 00:41:04.862 region:rollup2
OF THEM THAT'LL DEPEND ON THOSE
00:41:03.628 --> 00:41:06.464 region:rollup2
SITES WILL CHANGE.
00:41:04.862 --> 00:41:07.865 region:rollup2
AS WELL AS THE POTENTIAL FOR
00:41:06.464 --> 00:41:09.400 region:rollup2
SOME WATER QUALITY IMPACTS IN
00:41:07.865 --> 00:41:12.303 region:rollup2
THOSE OTHER BENEFICIAL USES OUT
00:41:09.400 --> 00:41:13.671 region:rollup2
WILL RELY ON THOSE THOSE AREAS.
00:41:12.303 --> 00:41:14.939 region:rollup2
.
00:41:13.671 --> 00:41:16.407 region:rollup2
IN REGARD THE FIRE SEASON THAT
00:41:14.939 --> 00:41:17.809 region:rollup2
WE HAD TWO THOUSAND SEVENTEEN I
00:41:16.407 --> 00:41:19.010 region:rollup2
THINK.
00:41:17.809 --> 00:41:20.311 region:rollup2
ARCHER JACKSON DIDN'T AND
00:41:19.010 --> 00:41:21.479 region:rollup2
OUTSTANDING JOB SUMMARIZING
00:41:20.311 --> 00:41:23.081 region:rollup2
THAT'S WHY WON'T SPEND A LOT OF
00:41:21.479 --> 00:41:24.082 region:rollup2
TIME RE GOING THROUGH SOME OF
00:41:23.081 --> 00:41:25.383 region:rollup2
THOSE STATISTICS BUT I DO THINK
00:41:24.082 --> 00:41:26.851 region:rollup2
IT'S IMPORTANT THAT WE FOCUS ON
00:41:25.383 --> 00:41:28.286 region:rollup2
CLIMATE CHANGE IN THE WEATHER
00:41:26.851 --> 00:41:30.188 region:rollup2
CHANGES. THE RECENT.
00:41:28.286 --> 00:41:30.855 region:rollup2
THE NEW WEATHER CHANGES THAT WE
00:41:30.188 --> 00:41:32.357 region:rollup2
HAVE SEEN
00:41:30.855 --> 00:41:33.958 region:rollup2
OBVIOUSLY THE MEGA FIRES IS
00:41:32.357 --> 00:41:36.594 region:rollup2
RECALLING THEM ARE NOT.
00:41:33.958 --> 00:41:38.930 region:rollup2
NEW IT'S THE NEW NORMAL.
00:41:36.594 --> 00:41:40.164 region:rollup2
BUT. THE TYPES OF WEATHER THAT
00:41:38.930 --> 00:41:41.899 region:rollup2
WE'RE SEEING AFFILIATED THAT'S
00:41:40.164 --> 00:41:43.735 region:rollup2
DRIVING THESE FIRES AND MAKING
00:41:41.899 --> 00:41:44.969 region:rollup2
THEM LAW LARGE AND DAMAGING. IS
00:41:43.735 --> 00:41:46.304 region:rollup2
A LITTLE DIFFERENT WE HAD A
00:41:44.969 --> 00:41:47.372 region:rollup2
THIRTEEN DAY SANTA ANA WIND
00:41:46.304 --> 00:41:49.173 region:rollup2
EVENT DOWN IN SOUTHERN
00:41:47.372 --> 00:41:50.274 region:rollup2
CALIFORNIA WHICH IS THE FIRST
00:41:49.173 --> 00:41:52.010 region:rollup2
TIME WE'VE SEEN THAT LEVEL OF
00:41:50.274 --> 00:41:53.611 region:rollup2
WIND. OVER THAT MANY DAYS
00:41:52.010 --> 00:41:54.879 region:rollup2
CAUSING RED FLAG WARNINGS AND
00:41:53.611 --> 00:41:56.781 region:rollup2
AND IN HISTORY.
00:41:54.879 --> 00:41:57.348 region:rollup2
THE WIND EVENT THAT WE HAD UP
00:41:56.781 --> 00:41:59.450 region:rollup2
UP NORTH.
00:41:57.348 --> 00:42:00.818 region:rollup2
TOWARDS SANTA ROSA THOSE
00:41:59.450 --> 00:42:02.754 region:rollup2
REFERRED TO AS A MOUNTAIN WAVE.
00:42:00.818 --> 00:42:04.255 region:rollup2
I'M NOT OF NEUROLOGISTS BUT I
00:42:02.754 --> 00:42:05.957 region:rollup2
CAN TELL YOU THAT IT'S A RESULT
00:42:04.255 --> 00:42:07.191 region:rollup2
OF A HIGH PRESSURE SYSTEM OVER
00:42:05.957 --> 00:42:08.259 region:rollup2
THE CENTRAL VALLEY. THAT
00:42:07.191 --> 00:42:10.862 region:rollup2
ULTIMATELY PUSHES.
00:42:08.259 --> 00:42:12.463 region:rollup2
THAT WIND OVER THE THE THE
00:42:10.862 --> 00:42:13.798 region:rollup2
HILLS GOING TOWARD SANTA ROSA IS
00:42:12.463 --> 00:42:15.633 region:rollup2
THAT NGUYEN BECOMES IN ALIGNMENT
00:42:13.798 --> 00:42:16.801 region:rollup2
WITH THE DRAINAGE IS IT
00:42:15.633 --> 00:42:18.236 region:rollup2
INCREASES IN WIND SPEED AND WE
00:42:16.801 --> 00:42:20.171 region:rollup2
SAW WIND SPEEDS AND NORTHERN BAY
00:42:18.236 --> 00:42:21.039 region:rollup2
AREA THAT WE HAVEN'T SEEN. OUR
00:42:20.171 --> 00:42:23.241 region:rollup2
SOME OF THAT THE HIGHEST WIND
00:42:21.039 --> 00:42:26.444 region:rollup2
SPEEDS WE'VE WE'VE EVER SEEN SO.
00:42:23.241 --> 00:42:27.044 region:rollup2
SIGNIFICANT A WIND EVENTS
00:42:26.444 --> 00:42:29.180 region:rollup2
AFFILIATED WITH THESE FIRES.
00:42:27.044 --> 00:42:29.781 region:rollup2
PART OF THE SOLUTION AND WHAT
00:42:29.180 --> 00:42:32.216 region:rollup2
WERE FOCUSING.
00:42:29.781 --> 00:42:32.984 region:rollup2
UP PROVIDING A LOT OF FOCUS ON
00:42:32.216 --> 00:42:34.152 region:rollup2
IS TAKING A LANDSCAPE LEVEL
00:42:32.984 --> 00:42:35.553 region:rollup2
APPROACH
00:42:34.152 --> 00:42:36.888 region:rollup2
WE KNOW THESE FIRES ARE BURNING
00:42:35.553 --> 00:42:38.656 region:rollup2
OUT OF OUR WILD LANDS OUT OF ARE
00:42:36.888 --> 00:42:40.091 region:rollup2
FORCED INTO OUR CITIES SO IT'S
00:42:38.656 --> 00:42:41.259 region:rollup2
IT'S COMPLETELY REASONABLE THAT
00:42:40.091 --> 00:42:42.727 region:rollup2
WE WOULD TAKE A LANDSCAPE
00:42:41.259 --> 00:42:44.429 region:rollup2
APPROACH AND TRY TO ADDRESS SOME
00:42:42.727 --> 00:42:45.229 region:rollup2
OF THESE ISSUES. COME WERE WHAT
00:42:44.429 --> 00:42:46.998 region:rollup2
THEY WERE WORKING IN THE UPPER
00:42:45.229 --> 00:42:48.699 region:rollup2
WATERSHEDS IN IN THE HEADWATERS
00:42:46.998 --> 00:42:50.068 region:rollup2
AREAS CONDUCTING FORCE
00:42:48.699 --> 00:42:51.669 region:rollup2
MANAGEMENT ACTIVITIES SPENDING
00:42:50.068 --> 00:42:53.371 region:rollup2
PRESCRIBED FIRE.
00:42:51.669 --> 00:42:55.239 region:rollup2
IN THE MIDDLE WATER SHEDS WERE
00:42:53.371 --> 00:42:57.108 region:rollup2
WERE WERE FOCUSING IN WILDLAND
00:42:55.239 --> 00:42:58.009 region:rollup2
URBAN INTERFACE SHARE AREAS OF
00:42:57.108 --> 00:42:59.177 region:rollup2
FIRE PREVENTION ACTIVITIES
00:42:58.009 --> 00:43:00.945 region:rollup2
AROUND OUR LOWER REACHES OF OUR
00:42:59.177 --> 00:43:02.213 region:rollup2
WATERSHEDS WHERE WE'RE COMBINING
00:43:00.945 --> 00:43:03.614 region:rollup2
FOR STEALTH AND FIRE PREVENTION
00:43:02.213 --> 00:43:05.950 region:rollup2
ACTIVITIES ULTIMATELY TO HELP
00:43:03.614 --> 00:43:07.418 region:rollup2
ADDRESS THE ISSUE. WE KNOW WE
00:43:05.950 --> 00:43:09.086 region:rollup2
HAVE THE ABILITY TO CHANGE.
00:43:07.418 --> 00:43:10.655 region:rollup2
THE OUTCOME OF THESE FIRES
00:43:09.086 --> 00:43:11.789 region:rollup2
THROUGH FORCE MANAGEMENT AND
00:43:10.655 --> 00:43:13.424 region:rollup2
ENFORCED HEALTH ACTIVITIES AND
00:43:11.789 --> 00:43:15.293 region:rollup2
FIRE PREVENTION. AND.
00:43:13.424 --> 00:43:18.563 region:rollup2
THAT IS OUR FOCUS WERE VERY
00:43:15.293 --> 00:43:19.063 region:rollup2
MUCH FOCUSED ON INCREASING THE
00:43:18.563 --> 00:43:19.497 region:rollup2
PACE AND SCALE OF THESE
00:43:19.063 --> 00:43:20.531 region:rollup2
ACTIVITIES.
00:43:19.497 --> 00:43:21.966 region:rollup2
WE'RE VERY FORTUNATE TO HAVE.
00:43:20.531 --> 00:43:23.301 region:rollup2
CALIFORNIA CLIMATE INVESTMENT
00:43:21.966 --> 00:43:24.769 region:rollup2
OR CAP AND TRADE DOLLARS TO HELP
00:43:23.301 --> 00:43:26.404 region:rollup2
SUPPORT SOME OF THESE LANDSCAPE
00:43:24.769 --> 00:43:28.473 region:rollup2
LEVEL ACTIVITIES AND.
00:43:26.404 --> 00:43:29.640 region:rollup2
WE WILL CONTINUE BEING TO BE
00:43:28.473 --> 00:43:32.043 region:rollup2
ENGAGE THEIR.
00:43:29.640 --> 00:43:32.777 region:rollup2
IN REGARD TO HIGH FIRE RISK AND
00:43:32.043 --> 00:43:34.045 region:rollup2
WHETHER OR NOT IT'S REACHED
00:43:32.777 --> 00:43:36.047 region:rollup2
PERMANENT CATASTROPHIC.
00:43:34.045 --> 00:43:37.715 region:rollup2
PROPORTIONS I THINK IT'S
00:43:36.047 --> 00:43:39.784 region:rollup2
IMPORTANT TO REALIZE THAT
00:43:37.715 --> 00:43:41.152 region:rollup2
CERTAIN AREAS OF THE STATE ARE
00:43:39.784 --> 00:43:43.321 region:rollup2
VERY HIGH AND FIRE RISK.
00:43:41.152 --> 00:43:43.521 region:rollup2
IS FAR IS A WORD PERMANENCE
00:43:43.321 --> 00:43:45.490 region:rollup2
GOES.
00:43:43.521 --> 00:43:46.791 region:rollup2
WE HAVE THE ABILITY TO CHANGE
00:43:45.490 --> 00:43:47.758 region:rollup2
THE FIRE ENVIRONMENT AROUND
00:43:46.791 --> 00:43:49.460 region:rollup2
STRUCTURES THROUGH FIRE
00:43:47.758 --> 00:43:50.928 region:rollup2
PREVENTION ACTIVITIES WE KNOW
00:43:49.460 --> 00:43:52.697 region:rollup2
THIS BY DOING THE DEFENSIBLE
00:43:50.928 --> 00:43:54.665 region:rollup2
SPACE BY STRUCTURE HARDENING BY
00:43:52.697 --> 00:43:57.001 region:rollup2
ALL THOSE THINGS THAT WE DO IN
00:43:54.665 --> 00:43:57.935 region:rollup2
FRE PREVENTION. HOT WE HAVE THE
00:43:57.001 --> 00:43:59.470 region:rollup2
ABILITY TO CHANGE THAT
00:43:57.935 --> 00:44:01.372 region:rollup2
ENVIRONMENT. AND THAT ULTIMATELY
00:43:59.470 --> 00:44:03.474 region:rollup2
CREATES HOMES AND COMMUNITIES.
00:44:01.372 --> 00:44:05.376 region:rollup2
IN A MORE SAFE CONDITION AND
00:44:03.474 --> 00:44:07.411 region:rollup2
CAN REDUCE THE FIRE RISK
00:44:05.376 --> 00:44:08.846 region:rollup2
AFFILIATED WITH THAT. I THINK
00:44:07.411 --> 00:44:10.181 region:rollup2
IT'S IMPORTANT TO RECOGNIZE THAT
00:44:08.846 --> 00:44:11.716 region:rollup2
BUT WHEN WE TALK ABOUT FIRE
00:44:10.181 --> 00:44:12.984 region:rollup2
PREVENTION VIRTUALLY ALL OF THE
00:44:11.716 --> 00:44:14.819 region:rollup2
PROGRAMS THAT WE HAVE AND CAL
00:44:12.984 --> 00:44:15.486 region:rollup2
FIRE TOUCH ON FIRE PREVENTION.
00:44:14.819 --> 00:44:17.355 region:rollup2
WHETHER IT'S OUR FORCE
00:44:15.486 --> 00:44:19.390 region:rollup2
MANAGEMENT ACTIVITIES REDUCING
00:44:17.355 --> 00:44:20.458 region:rollup2
FUELS PRESCRIBED FIRE FARTHER
00:44:19.390 --> 00:44:21.526 region:rollup2
DOWN THE WATERSHEDS WHAT WE'RE
00:44:20.458 --> 00:44:22.793 region:rollup2
DOING.
00:44:21.526 --> 00:44:24.061 region:rollup2
MORE FIRE ENGINEERING IN
00:44:22.793 --> 00:44:25.129 region:rollup2
COMMUNITIES.
00:44:24.061 --> 00:44:26.264 region:rollup2
FIRE PREVENTION GRANTS THAT
00:44:25.129 --> 00:44:28.432 region:rollup2
WERE PROVIDING THE LOCAL FIRE
00:44:26.264 --> 00:44:30.168 region:rollup2
SAFE COUNCILS DEFENSIBLE SPACE
00:44:28.432 --> 00:44:32.236 region:rollup2
INSPECTIONS A PUBLIC EDUCATION
00:44:30.168 --> 00:44:33.771 region:rollup2
AND OUTREACH ALL OF THIS THE
00:44:32.236 --> 00:44:35.640 region:rollup2
PROGRAMS WE HAVE TOUCH ON SOME
00:44:33.771 --> 00:44:37.008 region:rollup2
COMPONENT OF FIRE PREVENTION SO.
00:44:35.640 --> 00:44:38.809 region:rollup2
WHEN YOU THINK ABOUT A THAT
00:44:37.008 --> 00:44:40.845 region:rollup2
APARTMENT AND AND WHAT ROLE WE
00:44:38.809 --> 00:44:42.713 region:rollup2
HAVE BEEN FIRE PREVENTION. IT'S
00:44:40.845 --> 00:44:44.081 region:rollup2
VERY MUCH WHAT WE DO IT'S NOT
00:44:42.713 --> 00:44:45.616 region:rollup2
JUST THE ACTIVITIES BEFORE THE
00:44:44.081 --> 00:44:47.752 region:rollup2
FIRE IT'S DURING THE FIRE IMPOSE
00:44:45.616 --> 00:44:49.487 region:rollup2
FIRE IT'S VERY MUCH A CYCLE THAT
00:44:47.752 --> 00:44:50.755 region:rollup2
WE USE TO ANALYZE AND
00:44:49.487 --> 00:44:52.323 region:rollup2
CONTINUALLY MONITOR FIRE
00:44:50.755 --> 00:44:54.358 region:rollup2
CONDITIONS.
00:44:52.323 --> 00:44:56.294 region:rollup2
AS THEY EXIST WE USE IT AND
00:44:54.358 --> 00:44:57.962 region:rollup2
PLANNING DURING A GOING FIRE AND
00:44:56.294 --> 00:44:58.863 region:rollup2
WE ALSO USE IT IN OUR FOLLOW UP
00:44:57.962 --> 00:45:00.531 region:rollup2
WHEN WE'RE DEALING WITH WATER BY
00:44:58.863 --> 00:45:01.966 region:rollup2
WATERSHED EMERGENCY RESPONSE
00:45:00.531 --> 00:45:03.467 region:rollup2
EFFORTS AS WELL AS DAMAGE
00:45:01.966 --> 00:45:04.936 region:rollup2
ASSESSMENT GOING INTO AREAS.
00:45:03.467 --> 00:45:06.704 region:rollup2
DETERMINING WHAT THE MEDICATIONS
00:45:04.936 --> 00:45:08.172 region:rollup2
WERE ON THOSE HOMES THAT WERE
00:45:06.704 --> 00:45:11.676 region:rollup2
DAMAGED OR DESTROYED AND AND AND
00:45:08.172 --> 00:45:12.143 region:rollup2
ULTIMATELY ANALYING THE
00:45:11.676 --> 00:45:12.476 region:rollup2
EFFECTIVENESS OF THOSE
00:45:12.143 --> 00:45:12.910 region:rollup2
MEDICATIONS.
00:45:12.476 --> 00:45:14.345 region:rollup2
.
00:45:12.910 --> 00:45:17.448 region:rollup2
IN THE CONTEXT OF INSURANCE.
00:45:14.345 --> 00:45:19.216 region:rollup2
ONE OF THE AREAS THAT THE
00:45:17.448 --> 00:45:20.585 region:rollup2
DEPARTMENT HAS FOCUSED ON ABOUT
00:45:19.216 --> 00:45:21.886 region:rollup2
TWO AND A HALF YEARS AGO OR TWO
00:45:20.585 --> 00:45:23.154 region:rollup2
YEARS AGO OR SO WITHIN THE
00:45:21.886 --> 00:45:24.889 region:rollup2
CONTEXT OF THE TREE MORTALITY
00:45:23.154 --> 00:45:26.023 region:rollup2
TASK FORCE. SOME OF THE COUNTY
00:45:24.889 --> 00:45:28.125 region:rollup2
CONSTITUENTS OR THE COUNTY
00:45:26.023 --> 00:45:29.393 region:rollup2
REPRESENTATIVES HAD COME FORWARD
00:45:28.125 --> 00:45:30.895 region:rollup2
AND RECOGNIZED OR OR VOICED A
00:45:29.393 --> 00:45:32.229 region:rollup2
CONCERN THAT SOME OF THEIR
00:45:30.895 --> 00:45:33.397 region:rollup2
CONSTITUENTS WERE HAVING TO
00:45:32.229 --> 00:45:35.066 region:rollup2
CHALLENGES WITH INSURANCE.
00:45:33.397 --> 00:45:36.500 region:rollup2
WE SAW AND AND VERY MUCH
00:45:35.066 --> 00:45:38.536 region:rollup2
APPRECIATE THE TREE MORTALITY
00:45:36.500 --> 00:45:40.338 region:rollup2
TASK FORCE STRUCTURE AND THAT IT
00:45:38.536 --> 00:45:41.639 region:rollup2
PROVIDES FOR COMMUNICATION. AND
00:45:40.338 --> 00:45:42.707 region:rollup2
THE OPPORTUNITY FOR FOLKS TO
00:45:41.639 --> 00:45:43.774 region:rollup2
COME TOGETHER.
00:45:42.707 --> 00:45:44.875 region:rollup2
OBVIOUSLY IT'S BASED ON THE
00:45:43.774 --> 00:45:46.477 region:rollup2
INSTANT INCIDENT COMMAND
00:45:44.875 --> 00:45:47.945 region:rollup2
STRUCTURE THE SAME STRUCTURE WE
00:45:46.477 --> 00:45:49.614 region:rollup2
USE FOR ANY WILDLAND INCIDENT
00:45:47.945 --> 00:45:52.216 region:rollup2
CAN BE USED ANYWHERE NAY EXPANDS
00:45:49.614 --> 00:45:52.817 region:rollup2
AND CONTRACTS WITH THE
00:45:52.216 --> 00:45:54.352 region:rollup2
COMPLEXITY OF THAT INCIDENT.
00:45:52.817 --> 00:45:55.987 region:rollup2
.
00:45:54.352 --> 00:45:56.921 region:rollup2
WE WANTED TO CREATE A NEUTRAL
00:45:55.987 --> 00:45:58.990 region:rollup2
ENVIRONMENT THAT WE COULD COME
00:45:56.921 --> 00:46:00.625 region:rollup2
TOGETHER WEEK EVERYBODY HAD THE
00:45:58.990 --> 00:46:02.093 region:rollup2
OPPORTUNITY TO BE HEARD.
00:46:00.625 --> 00:46:05.196 region:rollup2
OBVIOUSLY A VERY COMPLEX TO.
00:46:02.093 --> 00:46:06.330 region:rollup2
SOMETIMES CAN BE A LITTLE BIT
00:46:05.196 --> 00:46:08.232 region:rollup2
STRESSED.
00:46:06.330 --> 00:46:09.734 region:rollup2
TOPIC BUT WE WANTED TO GIVE
00:46:08.232 --> 00:46:11.168 region:rollup2
EVERYONE THE OPPORTUNITY TO BE
00:46:09.734 --> 00:46:12.503 region:rollup2
HEARD AND COME TOGETHER SO VERY
00:46:11.168 --> 00:46:13.871 region:rollup2
QUICKLY WHAT WE DID IS ORGANIZED
00:46:12.503 --> 00:46:16.207 region:rollup2
A WORKSHOP TO WHERE WE BROUGHT
00:46:13.871 --> 00:46:17.341 region:rollup2
ALL OF THE. REPRESENTATIVES FROM
00:46:16.207 --> 00:46:19.343 region:rollup2
INSURANCE INDUSTRIES.
00:46:17.341 --> 00:46:21.078 region:rollup2
DEPARTMENT OF INSURANCE WAS A
00:46:19.343 --> 00:46:22.380 region:rollup2
GREAT SUPPORT WITHOUT BOND OTHER
00:46:21.078 --> 00:46:23.481 region:rollup2
ENTITIES THAT WERE INTERESTED IN
00:46:22.380 --> 00:46:25.850 region:rollup2
COMING TO THE TABLE AND REALLY
00:46:23.481 --> 00:46:27.118 region:rollup2
EDUCATING OURSELVES ON WHAT SOME
00:46:25.850 --> 00:46:29.086 region:rollup2
OF THE INSURANCE ISSUES WERE.
00:46:27.118 --> 00:46:30.621 region:rollup2
FROM THAT WE WE REALIZE THAT
00:46:29.086 --> 00:46:32.957 region:rollup2
THERE WAS A NEED TO FOCUS MORE
00:46:30.621 --> 00:46:34.825 region:rollup2
DIRECTLY ON INSURANCEAND SO.
00:46:32.957 --> 00:46:36.327 region:rollup2
WE CREATED AN INSURANCE SUB
00:46:34.825 --> 00:46:37.528 region:rollup2
GROUP AND I SHOULD SAY THAT
00:46:36.327 --> 00:46:39.096 region:rollup2
UNDER THE TREE MORTALITY THE
00:46:37.528 --> 00:46:41.265 region:rollup2
REGULATIONS WORKING GROUP WHICH
00:46:39.096 --> 00:46:42.900 region:rollup2
I AM THE CO CHAIR. ESTABLISH TO
00:46:41.265 --> 00:46:43.467 region:rollup2
THE THE SUBGROUP OR THE
00:46:42.900 --> 00:46:45.169 region:rollup2
INSURANCE GROUP UNDERNEATH.
00:46:43.467 --> 00:46:46.370 region:rollup2
.
00:46:45.169 --> 00:46:48.305 region:rollup2
YOU KNOW LARGELY WE WANTED
00:46:46.370 --> 00:46:48.806 region:rollup2
EDUCATE OURSELVES WE WANTED TO
00:46:48.305 --> 00:46:50.708 region:rollup2
TRY TO FRAME UP.
00:46:48.806 --> 00:46:52.176 region:rollup2
OF WHAT THE PROBLEM WITH THE
00:46:50.708 --> 00:46:53.644 region:rollup2
CONCERNS REALLY WERE AND THEN WE
00:46:52.176 --> 00:46:55.212 region:rollup2
WANTED TO MOVE FORWARD WITH WHAT
00:46:53.644 --> 00:46:56.414 region:rollup2
WE WERE REFERRING TO WAS A NON
00:46:55.212 --> 00:46:58.382 region:rollup2
REGULATORY SOLUTION.
00:46:56.414 --> 00:46:59.817 region:rollup2
THIS WAS LARGELY BECAUSE WE FELT
00:46:58.382 --> 00:47:01.085 region:rollup2
THAT WHEN YOU WHEN YOU START
00:46:59.817 --> 00:47:02.520 region:rollup2
TALKING ABOUT CHANGING STATUTE
00:47:01.085 --> 00:47:03.954 region:rollup2
OR LAW CHANGES THE DYNAMIC OF
00:47:02.520 --> 00:47:05.489 region:rollup2
THE COMMUNICATION WE WANTED TO
00:47:03.954 --> 00:47:06.857 region:rollup2
REALLY EDUCATE OURSELVES ON WHAT
00:47:05.489 --> 00:47:08.592 region:rollup2
THE ISSUES WERE.
00:47:06.857 --> 00:47:09.193 region:rollup2
I THINK WE'RE VERY EFFECTIVE AT
00:47:08.592 --> 00:47:11.429 region:rollup2
THAT.
00:47:09.193 --> 00:47:12.530 region:rollup2
I THINK IT'S BEEN A GREAT
00:47:11.429 --> 00:47:14.965 region:rollup2
OPPORTUNITY WE QUICKLY SIDE
00:47:12.530 --> 00:47:16.934 region:rollup2
DISCONNECT BETWEEN. ON THE
00:47:14.965 --> 00:47:18.636 region:rollup2
VEGETATION MANAGEMENT PRACTICES
00:47:16.934 --> 00:47:20.471 region:rollup2
OR THE FIRE PREVENTION PRACTICES
00:47:18.636 --> 00:47:22.073 region:rollup2
A DEFENSIBLE SPACE THAT WE WOULD
00:47:20.471 --> 00:47:24.108 region:rollup2
CREATE AROUND HOMES AND HOW THE
00:47:22.073 --> 00:47:25.509 region:rollup2
* DOES THAT RISK MODELS WERE
00:47:24.108 --> 00:47:26.677 region:rollup2
USING THAT INFORMATION.
00:47:25.509 --> 00:47:28.045 region:rollup2
ESSENTIALLY THE RISK MODELS
00:47:26.677 --> 00:47:29.380 region:rollup2
RELYING ON VEGETATION SLOW OPEN
00:47:28.045 --> 00:47:30.981 region:rollup2
ACCESS
00:47:29.380 --> 00:47:33.017 region:rollup2
THAT VEGETATION COMPONENT
00:47:30.981 --> 00:47:34.285 region:rollup2
DOESN'T ALLOW OR DOESN'T TAKE
00:47:33.017 --> 00:47:35.720 region:rollup2
INTO CONSIDERATION THE SURFACE
00:47:34.285 --> 00:47:36.754 region:rollup2
IN LATTER FUEL REDUCTION THAT WE
00:47:35.720 --> 00:47:38.422 region:rollup2
COMMONLY REQUIRE UNDER
00:47:36.754 --> 00:47:39.590 region:rollup2
DEFENSIBLE SPACE CLEARING.
00:47:38.422 --> 00:47:42.026 region:rollup2
DOESN'T TAKE INTO CONSIDERATION
00:47:39.590 --> 00:47:42.493 region:rollup2
AS AS TO MISTER JONES INDICATED
00:47:42.026 --> 00:47:43.694 region:rollup2
THE FUEL BREAKS AROUND
00:47:42.493 --> 00:47:45.896 region:rollup2
COMMUNITIES.
00:47:43.694 --> 00:47:47.498 region:rollup2
SO WE WE SAW THERE BOTH A
00:47:45.896 --> 00:47:49.867 region:rollup2
DISCONNECT IN AN OPPORTUNITY AN
00:47:47.498 --> 00:47:50.801 region:rollup2
OPPORTUNITY SO THAT IF WE COULD
00:47:49.867 --> 00:47:53.237 region:rollup2
CREATE AN INCENTIVE FOR
00:47:50.801 --> 00:47:54.672 region:rollup2
LANDOWNERS HOMEOWNERS TO CREATE
00:47:53.237 --> 00:47:55.506 region:rollup2
THIS DEFENSIBLE SPACE AND IT
00:47:54.672 --> 00:47:57.007 region:rollup2
MIGHT BE TAKEN INTO
00:47:55.506 --> 00:47:58.309 region:rollup2
CONSIDERATION IN THE FIRE RISK
00:47:57.007 --> 00:47:59.443 region:rollup2
THAT'S AN HAD DEVELOPED FOR
00:47:58.309 --> 00:48:01.045 region:rollup2
THEIR PROPERTY.
00:47:59.443 --> 00:48:03.147 region:rollup2
THAT MIGHT BE A WIN WIN FOR
00:48:01.045 --> 00:48:04.815 region:rollup2
EVERYBODY AND SO THAT'S THE ROAD
00:48:03.147 --> 00:48:06.951 region:rollup2
WE STARTED GOING DOWN. OUT WE
00:48:04.815 --> 00:48:07.251 region:rollup2
DEVELOPED A TIERED RISK MODEL
00:48:06.951 --> 00:48:07.918 region:rollup2
WHICH IS A.
00:48:07.251 --> 00:48:09.120 region:rollup2
.
00:48:07.918 --> 00:48:11.288 region:rollup2
A WILDFIRE.
00:48:09.120 --> 00:48:12.523 region:rollup2
INSURANCE MODEL AGAIN IN
00:48:11.288 --> 00:48:14.792 region:rollup2
COOPERATION WITH THE INSURANCE
00:48:12.523 --> 00:48:16.694 region:rollup2
SUB GROUP THAT INVOLVED ALL OF
00:48:14.792 --> 00:48:18.696 region:rollup2
THESE DIFFERENT ENTITIES.
00:48:16.694 --> 00:48:20.698 region:rollup2
AND ULTIMATELY.
00:48:18.696 --> 00:48:21.532 region:rollup2
WHAT WE CAME UP WITH WAS A THREE
00:48:20.698 --> 00:48:23.300 region:rollup2
TIERED APPROACH?
00:48:21.532 --> 00:48:25.403 region:rollup2
THREE DIFFERENT LEVELS OF
00:48:23.300 --> 00:48:26.470 region:rollup2
COMPLIANCE AND AND RISK
00:48:25.403 --> 00:48:28.272 region:rollup2
AFFILIATED WITH STRUCTURES THE
00:48:26.470 --> 00:48:30.341 region:rollup2
FIRST BEING MORE SPECIFIC TO
00:48:28.272 --> 00:48:31.041 region:rollup2
DEFENSIBLE SPACE THE NEXT THE
00:48:30.341 --> 00:48:33.277 region:rollup2
NEXT LAYER THE NEXT.
00:48:31.041 --> 00:48:34.845 region:rollup2
LEVEL BEING DEFENSIBLE SPACE
00:48:33.277 --> 00:48:35.946 region:rollup2
PLUS ADDITIONAL WHAT WE CALL
00:48:34.845 --> 00:48:37.214 region:rollup2
STRUCTURE HARDENING.
00:48:35.946 --> 00:48:39.016 region:rollup2
THESE ARE BUILDING CODES.
00:48:37.214 --> 00:48:41.118 region:rollup2
THESE ARE BUILDING MATERIALS
00:48:39.016 --> 00:48:42.553 region:rollup2
SUCH AS A DECK MATERIAL CITING
00:48:41.118 --> 00:48:45.022 region:rollup2
THAT ARE LESS COMBUSTIBLE AND
00:48:42.553 --> 00:48:46.624 region:rollup2
THEN THE THIRD BEING. ALL THREE
00:48:45.022 --> 00:48:47.925 region:rollup2
OF THOSE COMBINED INTO ONE.
00:48:46.624 --> 00:48:48.692 region:rollup2
INCLUDING ADDITIONAL STRUCTURE
00:48:47.925 --> 00:48:51.295 region:rollup2
HARDENING.
00:48:48.692 --> 00:48:53.764 region:rollup2
MEDICATIONS AND SO THIS WAS.
00:48:51.295 --> 00:48:55.032 region:rollup2
THAT CONCEPT IN A MODEL THAT WE
00:48:53.764 --> 00:48:56.567 region:rollup2
PUT TOGETHER A WE WE'VE
00:48:55.032 --> 00:48:58.202 region:rollup2
DEVELOPED IT INTO A RIGHT A
00:48:56.567 --> 00:48:59.703 region:rollup2
WHITE PAPER IT'S CURRENTLY IN
00:48:58.202 --> 00:49:01.338 region:rollup2
DRAFT FORM. AND.
00:48:59.703 --> 00:49:03.073 region:rollup2
THE HOPE IS THAT WE.
00:49:01.338 --> 00:49:04.842 region:rollup2
FINALIZE THAT DRAFT AND BRING
00:49:03.073 --> 00:49:06.610 region:rollup2
IT TO THE FULL TREE MORTALITY
00:49:04.842 --> 00:49:08.345 region:rollup2
TASK FORCE FROM THE RATE THEY
00:49:06.610 --> 00:49:09.480 region:rollup2
INSURANCE SUB GROUP HERE IN THE
00:49:08.345 --> 00:49:10.114 region:rollup2
NEXT FEW MONTHS.
00:49:09.480 --> 00:49:11.081 region:rollup2
AND SO.
00:49:10.114 --> 00:49:13.117 region:rollup2
I JUST WANNA.
00:49:11.081 --> 00:49:14.518 region:rollup2
AGAIN THANK ALL THE FOLKS THAT
00:49:13.117 --> 00:49:15.953 region:rollup2
WERE INVOLVED WITH THE INSURANCE
00:49:14.518 --> 00:49:17.455 region:rollup2
SUB GROUP AND THE TREE MORTALITY
00:49:15.953 --> 00:49:19.323 region:rollup2
TASK FORCE IT'S BEEN A HUGE
00:49:17.455 --> 00:49:19.890 region:rollup2
LEARNING EXPERIENCE SAYS MOST OF
00:49:19.323 --> 00:49:21.692 region:rollup2
US ARE NOT INSURANCE EXPERTS
00:49:19.890 --> 00:49:22.993 region:rollup2
AND.
00:49:21.692 --> 00:49:24.094 region:rollup2
AGAIN I WANT TO TAKE DEPARTMENT
00:49:22.993 --> 00:49:25.863 region:rollup2
OF INSURANCE FOR THEIR EFFORTS
00:49:24.094 --> 00:49:27.598 region:rollup2
BECAUSE THEY ARE THE EXPERTS IN
00:49:25.863 --> 00:49:29.533 region:rollup2
AND HAVE BEEN A GREAT SUPPORT IN
00:49:27.598 --> 00:49:29.867 region:rollup2
THAT EFFORT SO THANK YOU.
00:49:29.533 --> 00:49:31.569 region:rollup2
VERY MUCH AND.
00:49:29.867 --> 00:49:34.939 region:rollup2
.
00:49:31.569 --> 00:49:35.272 region:rollup2
AND NOW IT'S TIME TO OPEN IT UP
00:49:34.939 --> 00:49:37.441 region:rollup2
FOR QUESTIONS.
00:49:35.272 --> 00:49:42.246 region:rollup2
.
00:49:37.441 --> 00:49:43.380 region:rollup2
I'VE I'VE GOT A COUPLE IN IF A
00:49:42.246 --> 00:49:43.948 region:rollup2
CENTER MORE LOCKER.
00:49:43.380 --> 00:49:45.149 region:rollup2
SENATOR RURAL THANK YOU FOR
00:49:43.948 --> 00:49:45.683 region:rollup2
JOINING US.
00:49:45.149 --> 00:49:47.184 region:rollup2
ANYONE HAS ANY.
00:49:45.683 --> 00:49:48.519 region:rollup2
.
00:49:47.184 --> 00:49:49.787 region:rollup2
FIRST I WANT TO THANK YOU
00:49:48.519 --> 00:49:51.822 region:rollup2
BECAUSE I KNOW DURING THE FOUGHT
00:49:49.787 --> 00:49:53.324 region:rollup2
DURING THE THOMAS FAR BOTH IN
00:49:51.822 --> 00:49:55.626 region:rollup2
VENTURA AND THEN WHEN IT MOVED
00:49:53.324 --> 00:49:57.995 region:rollup2
TO ONE SETO INCENTIVE I RECOUNT
00:49:55.626 --> 00:49:59.630 region:rollup2
ISSUE AND YOUR STAFF HAVE BEEN.
00:49:57.995 --> 00:50:01.732 region:rollup2
EXTRAORDINARILY HELPFUL AND
00:49:59.630 --> 00:50:03.300 region:rollup2
THERE'S NO DOUBT THAT A GREAT
00:50:01.732 --> 00:50:05.002 region:rollup2
DEAL OF OUR ABILITY TO WORK
00:50:03.300 --> 00:50:08.172 region:rollup2
THROUGH THIS.
00:50:05.002 --> 00:50:09.340 region:rollup2
AS A COMMUNITY HAS BEEN IS RUDE
00:50:08.172 --> 00:50:11.208 region:rollup2
ASSAULT OF YOUR EFFORTS SO I WON
00:50:09.340 --> 00:50:12.643 region:rollup2
A PERSONALLY THANK YOU FOR THAT.
00:50:11.208 --> 00:50:14.011 region:rollup2
.
00:50:12.643 --> 00:50:16.547 region:rollup2
I'M I'M CURIOUS WHAT KIND OF
00:50:14.011 --> 00:50:18.816 region:rollup2
COMPLAINTS SUPPORT THEMES ARE
00:50:16.547 --> 00:50:20.251 region:rollup2
YOU HEARING FROM A. RESIDENTS
00:50:18.816 --> 00:50:23.420 region:rollup2
ARE CONSUMERS FROM THE VARIOUS
00:50:20.251 --> 00:50:23.721 region:rollup2
FIRE DISASTER AREAS.
00:50:23.420 --> 00:50:25.656 region:rollup2
SO WE HAVE.
00:50:23.721 --> 00:50:25.856 region:rollup2
.
00:50:25.656 --> 00:50:28.425 region:rollup2
AS OF.
00:50:25.856 --> 00:50:30.761 region:rollup2
.
00:50:28.425 --> 00:50:31.395 region:rollup2
THE PRIVATELY THIS DAY. RECEIVED
00:50:30.761 --> 00:50:33.297 region:rollup2
RETURN SEVENTY FIVE MORE FORMAL
00:50:31.395 --> 00:50:34.565 region:rollup2
COMPLAINTS.
00:50:33.297 --> 00:50:36.967 region:rollup2
ARE RELATING TO THE OCTOBER
00:50:34.565 --> 00:50:38.302 region:rollup2
TWENTY SEVENTEEN.
00:50:36.967 --> 00:50:38.602 region:rollup2
NORTHERN CALIFORNIA FIRES HAS
00:50:38.302 --> 00:50:40.371 region:rollup2
BEEN ABOUT.
00:50:38.602 --> 00:50:42.106 region:rollup2
.
00:50:40.371 --> 00:50:43.040 region:rollup2
ANOTHER HUNDRED OR SO ASSOCIATE
00:50:42.106 --> 00:50:43.641 region:rollup2
WITH THE SOUTHERN CALIFORNIA
00:50:43.040 --> 00:50:45.876 region:rollup2
FIRES.
00:50:43.641 --> 00:50:47.478 region:rollup2
.
00:50:45.876 --> 00:50:49.380 region:rollup2
THE LION SHARE OF THOSE
00:50:47.478 --> 00:50:50.948 region:rollup2
COMPLAINTS OR CLAIMS RELATED.
00:50:49.380 --> 00:50:53.784 region:rollup2
THEY ARE.
00:50:50.948 --> 00:50:55.352 region:rollup2
COMPLAINTS ABOUT THE CLAIMS
00:50:53.784 --> 00:50:57.087 region:rollup2
PROCESS FOR EXAMPLE I'M VERY
00:50:55.352 --> 00:50:59.490 region:rollup2
EARLY ON.
00:50:57.087 --> 00:51:00.891 region:rollup2
WE STARTED RECEIVING COMPLAINTS
00:50:59.490 --> 00:51:03.694 region:rollup2
FROM CONSUMERS ABOUT HAVING TO
00:51:00.891 --> 00:51:06.530 region:rollup2
FILL OUT. A VERY DETAILED
00:51:03.694 --> 00:51:08.899 region:rollup2
PERSONAL PROPERTY INVENTORIES IN
00:51:06.530 --> 00:51:10.534 region:rollup2
ORDER TO OBTAIN A ALL OF ONE'S
00:51:08.899 --> 00:51:13.037 region:rollup2
PERSONAL CONTENTS COVERAGE.
00:51:10.534 --> 00:51:15.105 region:rollup2
AND THE COMPLAINT WAS THAT I
00:51:13.037 --> 00:51:16.340 region:rollup2
LOST EVERYTHING. I KNOW I HAD
00:51:15.105 --> 00:51:17.675 region:rollup2
MORE STUFF THAN WHAT THE
00:51:16.340 --> 00:51:20.044 region:rollup2
COVERAGE LIMIT IS.
00:51:17.675 --> 00:51:20.644 region:rollup2
IT'S ALREADY PAINFUL ENOUGH FOR
00:51:20.044 --> 00:51:22.479 region:rollup2
ME TO HAVE GONE THROUGH THIS
00:51:20.644 --> 00:51:24.148 region:rollup2
EXPERIENCE NOT GOT A DOCUMENT
00:51:22.479 --> 00:51:25.282 region:rollup2
EVERYTHING I OWNED IN LOSS IS
00:51:24.148 --> 00:51:26.550 region:rollup2
JUST TOO MUCH.
00:51:25.282 --> 00:51:28.519 region:rollup2
AND WE WERE VERY SYMPATHETIC TO
00:51:26.550 --> 00:51:29.887 region:rollup2
THAT OF COURSE I DON'T. HAVE THE
00:51:28.519 --> 00:51:32.056 region:rollup2
AUTHORITY THE LEGISLATION I CAN
00:51:29.887 --> 00:51:33.424 region:rollup2
MEET AUTHORITY DECORATIVE WAIVE
00:51:32.056 --> 00:51:34.925 region:rollup2
THAT REQUIREMENT IN THE
00:51:33.424 --> 00:51:36.327 region:rollup2
INSURANCE CONTRACT BUT I DID.
00:51:34.925 --> 00:51:39.196 region:rollup2
ISSUE A FORMAL REQUEST TO THE
00:51:36.327 --> 00:51:40.798 region:rollup2
INSURERS ASKING THAT THEY OF.
00:51:39.196 --> 00:51:42.900 region:rollup2
PROVIDE UP TO HUNDRED PERCENT TO
00:51:40.798 --> 00:51:44.268 region:rollup2
PERSONAL CONTENTS COVERAGE
00:51:42.900 --> 00:51:46.971 region:rollup2
WITHOUT IN INVENTORY.
00:51:44.268 --> 00:51:48.372 region:rollup2
MOST OF THE INSURERS AGREED TO
00:51:46.971 --> 00:51:50.708 region:rollup2
GO TO LEASE FIFTY PERCENT QUITE
00:51:48.372 --> 00:51:51.342 region:rollup2
A FEW OF GOING TO SEVENTY FIVE
00:51:50.708 --> 00:51:51.809 region:rollup2
PERCENT SOME OF THE ONE HUNDRED
00:51:51.342 --> 00:51:54.578 region:rollup2
PERCENT.
00:51:51.809 --> 00:51:56.947 region:rollup2
SO. THAT'S AN EXAMPLE OF THE
00:51:54.578 --> 00:51:59.617 region:rollup2
CLAIMS HANDLING COMPLAINTS.
00:51:56.947 --> 00:52:00.851 region:rollup2
BOB THERE ARE SOMEA RATING AND
00:51:59.617 --> 00:52:02.019 region:rollup2
UNDERWRITING ISSUES THAT WE'RE
00:52:00.851 --> 00:52:04.254 region:rollup2
HEARING AS WELL.
00:52:02.019 --> 00:52:06.056 region:rollup2
CONCERNS ABOUT RATES THAT THEY
00:52:04.254 --> 00:52:07.257 region:rollup2
WERE PAID ON THE UNDERWRITING
00:52:06.056 --> 00:52:09.026 region:rollup2
SIDE CONCERNS ABOUT UNDER
00:52:07.257 --> 00:52:10.761 region:rollup2
INSURANCE.
00:52:09.026 --> 00:52:11.829 region:rollup2
AND HERE OF COURSE YOU'RE A VERY
00:52:10.761 --> 00:52:13.197 region:rollup2
FAMILIAR BECAUSE WE'VE TALKED IN
00:52:11.829 --> 00:52:14.498 region:rollup2
THIS.
00:52:13.197 --> 00:52:15.633 region:rollup2
COMMITTEE BEFORE ABOUT AT SOME
00:52:14.498 --> 00:52:17.668 region:rollup2
LENGTH.
00:52:15.633 --> 00:52:19.903 region:rollup2
I DON'T HAVE THE AUTHORITY TO
00:52:17.668 --> 00:52:22.573 region:rollup2
REQUIRE INSURERS TO ENSURE
00:52:19.903 --> 00:52:24.274 region:rollup2
PEOPLE TO THE REPLACEMENT COST.
00:52:22.573 --> 00:52:26.076 region:rollup2
OTHERS NO STATUTE THAT REQUIRES
00:52:24.274 --> 00:52:28.445 region:rollup2
INSURERS TO.
00:52:26.076 --> 00:52:29.613 region:rollup2
ANNUALLY PROVIDE A POLICY
00:52:28.445 --> 00:52:31.081 region:rollup2
HOLDERS WITH THE REPLACEMENT
00:52:29.613 --> 00:52:32.649 region:rollup2
COST ESTIMATE.
00:52:31.081 --> 00:52:33.884 region:rollup2
THE BEST I WAS ABLE TO DO IN
00:52:32.649 --> 00:52:35.519 region:rollup2
TWENTY ELEVEN WEST ISSUE A
00:52:33.884 --> 00:52:36.987 region:rollup2
REGULATION.
00:52:35.519 --> 00:52:38.722 region:rollup2
THAT PROVIDED THAT WHEN
00:52:36.987 --> 00:52:40.891 region:rollup2
REPLACEMENT COST ESTIMATE IS
00:52:38.722 --> 00:52:43.127 region:rollup2
PROVIDED TO A POLICY HOLDER THAT
00:52:40.891 --> 00:52:45.195 region:rollup2
IS OF PARTICULAR COMPREHENSIVE
00:52:43.127 --> 00:52:46.330 region:rollup2
METHODOLOGY USED AS WHAT THE
00:52:45.195 --> 00:52:47.831 region:rollup2
DEPARTMENT FOUND IN THE WAKE OF
00:52:46.330 --> 00:52:49.800 region:rollup2
THE OAKLAND HILLS OF SAN DIEGO
00:52:47.831 --> 00:52:52.036 region:rollup2
FIRES. WITH THAT MANY PEOPLE ARE
00:52:49.800 --> 00:52:53.804 region:rollup2
UNDER INSURED BECAUSE ENSURE HAD
00:52:52.036 --> 00:52:55.973 region:rollup2
LEFT OUT IN THE REPLACEMENT COST
00:52:53.804 --> 00:52:57.508 region:rollup2
CALCULATION AN IMPORTANT AGREED
00:52:55.973 --> 00:52:59.209 region:rollup2
IT. THAT MAYBE THEY'D USE LABOR
00:52:57.508 --> 00:53:00.678 region:rollup2
COSTS FROM A DIFFERENT MARKET
00:52:59.209 --> 00:53:02.680 region:rollup2
ARE LEFT OUT PERMITTING FEES OR
00:53:00.678 --> 00:53:03.380 region:rollup2
ZONING UPGRADES OR EVEN MATERIAL
00:53:02.680 --> 00:53:04.648 region:rollup2
COSTS.
00:53:03.380 --> 00:53:06.050 region:rollup2
SO TWENTY ELEVEN BY PROMULGATED
00:53:04.648 --> 00:53:07.351 region:rollup2
REGULATION THE SAID IF YOU
00:53:06.050 --> 00:53:09.753 region:rollup2
PROVIDE A REPLACEMENT COST
00:53:07.351 --> 00:53:12.456 region:rollup2
ESTIMATE. THAT TO A POLICY
00:53:09.753 --> 00:53:14.158 region:rollup2
HOLDER HERE'S THE. COMPREHENSIVE
00:53:12.456 --> 00:53:15.793 region:rollup2
CONSISTENT METHODOLOGY AFTER
00:53:14.158 --> 00:53:17.961 region:rollup2
YEARS OF FOR MY GOOD EFFORTS I
00:53:15.793 --> 00:53:19.963 region:rollup2
WAS SUED BY THE ENTIRE INSURANCE
00:53:17.961 --> 00:53:21.165 region:rollup2
INDUSTRY.
00:53:19.963 --> 00:53:22.800 region:rollup2
THE PERSONAL INSURANCE
00:53:21.165 --> 00:53:24.935 region:rollup2
FEDERATION A SEE I SEE
00:53:22.800 --> 00:53:27.137 region:rollup2
INDIVIDUAL COMPANIES SEVEN YEAR
00:53:24.935 --> 00:53:28.572 region:rollup2
LEGAL BATTLE WE PREVAILED IN THE
00:53:27.137 --> 00:53:31.308 region:rollup2
CALIFORNIA SUPREME COURT.
00:53:28.572 --> 00:53:32.810 region:rollup2
THE REGULATION WAS UPHELD NINE
00:53:31.308 --> 00:53:34.912 region:rollup2
RESOUNDINGLY SO AND A SEVEN NO
00:53:32.810 --> 00:53:36.580 region:rollup2
DECISION BY A JUDGE JUSTICE
00:53:34.912 --> 00:53:38.215 region:rollup2
APPOINTED BY BOTH REPUBLICAN AND
00:53:36.580 --> 00:53:39.950 region:rollup2
DEMOCRATIC GOVERNORS.
00:53:38.215 --> 00:53:42.586 region:rollup2
HOWEVER.
00:53:39.950 --> 00:53:43.921 region:rollup2
THAT REGULATION WAS IN PLACE
00:53:42.586 --> 00:53:44.688 region:rollup2
DURING THE ENTIRETY THAT PERIOD
00:53:43.921 --> 00:53:45.222 region:rollup2
OF TIME WE WERE SUCCESSFUL
00:53:44.688 --> 00:53:46.990 region:rollup2
BEATING BACK AN INJUNCTIVE
00:53:45.222 --> 00:53:49.326 region:rollup2
ORDER.
00:53:46.990 --> 00:53:50.494 region:rollup2
OF BLOCKING THE REGULATION SO
00:53:49.326 --> 00:53:52.396 region:rollup2
ONE OF THE INQUIRIES THAT WE'RE
00:53:50.494 --> 00:53:54.098 region:rollup2
UNDERTAKING THAT BASED ON
00:53:52.396 --> 00:53:55.899 region:rollup2
COMPLAINTS IS. YOU KNOW DID THE
00:53:54.098 --> 00:53:57.868 region:rollup2
INSURER FOLLOW THE REPLACEMENT
00:53:55.899 --> 00:53:59.136 region:rollup2
COST REGULATION A WHEN THEY GAVE
00:53:57.868 --> 00:54:00.971 region:rollup2
ME THE REPLACEMENTCOST US BUT
00:53:59.136 --> 00:54:02.773 region:rollup2
NOW NOT EVERYBODY ASKS FOR
00:54:00.971 --> 00:54:04.575 region:rollup2
REPLACEMENT COST ESTIMATE. OF
00:54:02.773 --> 00:54:05.609 region:rollup2
MANY PEOPLE DIDN'T A SOME PEOPLE
00:54:04.575 --> 00:54:07.244 region:rollup2
BOUGHT THEIR INSURANCE MANY
00:54:05.609 --> 00:54:09.179 region:rollup2
YEARS AGO BEFORE THE REGULATION
00:54:07.244 --> 00:54:10.547 region:rollup2
WAS IN PLACE AND JUST DID AN
00:54:09.179 --> 00:54:11.482 region:rollup2
ANNUAL UPDATE GOT A MODEST
00:54:10.547 --> 00:54:13.050 region:rollup2
INCREASE FROM YEAR TO YEAR
00:54:11.482 --> 00:54:14.051 region:rollup2
WITHOUT REALLY SITTING DOWN AND
00:54:13.050 --> 00:54:15.586 region:rollup2
LOOKING AT THE REPLACEMENT COST
00:54:14.051 --> 00:54:17.054 region:rollup2
OF THEIR HOME. SO THERE ARE A
00:54:15.586 --> 00:54:19.656 region:rollup2
LOT OF VARIABLES.
00:54:17.054 --> 00:54:22.292 region:rollup2
BUT I ANTICIPATE AS THE CLAIMS
00:54:19.656 --> 00:54:24.661 region:rollup2
PROCESS WINDS ON UNDER INSURANCE
00:54:22.292 --> 00:54:26.363 region:rollup2
WILL CONTINUE TO BE A GROWING
00:54:24.661 --> 00:54:27.998 region:rollup2
ISSUE. AND SO.
00:54:26.363 --> 00:54:30.701 region:rollup2
WE HAVE.
00:54:27.998 --> 00:54:32.102 region:rollup2
RECOMMENDATIONS I IN A SEPARATE
00:54:30.701 --> 00:54:33.871 region:rollup2
BILL PACKAGE THAT'S MOVING
00:54:32.102 --> 00:54:35.305 region:rollup2
CALLED THE WILD FIRE SURVIVORS
00:54:33.871 --> 00:54:36.106 region:rollup2
BLUEPRINT BILL PACKAGE THAT
00:54:35.305 --> 00:54:38.475 region:rollup2
MEMBERS.
00:54:36.106 --> 00:54:40.844 region:rollup2
IN THE AREAS AFFECTED BY THE
00:54:38.475 --> 00:54:44.081 region:rollup2
FIRES OF INTRODUCED AND OUT
00:54:40.844 --> 00:54:46.350 region:rollup2
SEVERAL OF THOSE BILLS INCLUDING
00:54:44.081 --> 00:54:48.585 region:rollup2
ONE CARRIED BY SENATOR BILL DIED
00:54:46.350 --> 00:54:51.088 region:rollup2
GO TO THE QUESTION OF. A
00:54:48.585 --> 00:54:53.157 region:rollup2
REPLACEMENT COST REQUIRING AN
00:54:51.088 --> 00:54:55.692 region:rollup2
ANNUAL REPLACEMENT COST ESTIMATE
00:54:53.157 --> 00:54:58.128 region:rollup2
TO GET BE GIVEN.
00:54:55.692 --> 00:55:00.230 region:rollup2
REQUIRING AN UPDATE THE AND IN
00:54:58.128 --> 00:55:02.332 region:rollup2
SOME CASES REQUIRING ADDITIONAL
00:55:00.230 --> 00:55:06.236 region:rollup2
COVERAGE SHOULD BE PROVIDED IN
00:55:02.332 --> 00:55:08.372 region:rollup2
THE CASE OF A NATURAL DISASTER
00:55:06.236 --> 00:55:12.809 region:rollup2
CRITICS OF ITS CLAIMS COURT
00:55:08.372 --> 00:55:14.077 region:rollup2
CLAIMS ISSUES IN UNDERWRITING
00:55:12.809 --> 00:55:14.745 region:rollup2
ISSUES ARE. ARE GENERALLY THAT
00:55:14.077 --> 00:55:15.579 region:rollup2
MEANS OF QUESTIONS WERE GETTING.
00:55:14.745 --> 00:55:17.080 region:rollup2
THANK YOU VERY MUCH OTHER
00:55:15.579 --> 00:55:19.416 region:rollup2
QUESTIONS SO THE SENATOR GLAZER
00:55:17.080 --> 00:55:21.385 region:rollup2
IN AND A CENTER MONNING.
00:55:19.416 --> 00:55:21.919 region:rollup2
EXCUSE ME SOME SENATOR MORE LOCK
00:55:21.385 --> 00:55:24.054 region:rollup2
BEGAN WITH THE NAM ON COME
00:55:21.919 --> 00:55:25.656 region:rollup2
CLOSE.
00:55:24.054 --> 00:55:26.924 region:rollup2
GO AHEAD SENATOR MOORE LA.
00:55:25.656 --> 00:55:27.591 region:rollup2
CHAIR AS COMMISSIONER JONES.
00:55:26.924 --> 00:55:28.058 region:rollup2
I WE WERE GIVEN A MUCH MATERIAL
00:55:27.591 --> 00:55:28.926 region:rollup2
AND ON PAGE.
00:55:28.058 --> 00:55:29.426 region:rollup2
FOR THE FIRST PARAGRAPH STARTS
00:55:28.926 --> 00:55:30.127 region:rollup2
OFF WITH THE SENTENCE.
00:55:29.426 --> 00:55:31.361 region:rollup2
INSURERS COMPLAINED THEY HAVE TO
00:55:30.127 --> 00:55:32.162 region:rollup2
FILE RATE PLANS BASED ON. PAST
00:55:31.361 --> 00:55:34.097 region:rollup2
LOS EXPERIENCE.
00:55:32.162 --> 00:55:35.265 region:rollup2
DOES THAT MEAN THAT YOU.
00:55:34.097 --> 00:55:37.367 region:rollup2
HAVE TO REVIEW WITH INSURANCE
00:55:35.265 --> 00:55:40.103 region:rollup2
COMPANIES WHAT.
00:55:37.367 --> 00:55:41.405 region:rollup2
RATES THEY CAN CHARGE.
00:55:40.103 --> 00:55:42.306 region:rollup2
I HAVE AN ANSWER FOR YOU BUT
00:55:41.405 --> 00:55:43.674 region:rollup2
I'M NOT SURE WHAT YOU'RE
00:55:42.306 --> 00:55:45.375 region:rollup2
REFERRING TO ARE YOU LOOKING AT
00:55:43.674 --> 00:55:47.010 region:rollup2
THE COMMITTEE ANALYSIS PERCHANCE
00:55:45.375 --> 00:55:48.612 region:rollup2
GOT. THIS THIS.
00:55:47.010 --> 00:55:50.247 region:rollup2
HANDOUT THAT WAS PROVIDED TO
00:55:48.612 --> 00:55:51.949 region:rollup2
AROUND HANDOUT THAT WAS
00:55:50.247 --> 00:55:54.284 region:rollup2
COMMITTEE ANALYSIS YEAH. PAGE
00:55:51.949 --> 00:55:55.686 region:rollup2
FOUR OF THE COMMITTEE ANALYSIS.
00:55:54.284 --> 00:55:57.588 region:rollup2
BROWN'S SORRY CENTER FIRST FULL
00:55:55.686 --> 00:56:00.791 region:rollup2
PARAGRAPH UP BY YOUR LEFT THUMB
00:55:57.588 --> 00:56:02.326 region:rollup2
IT. INSURERS COMPLAIN YEAH SO.
00:56:00.791 --> 00:56:04.361 region:rollup2
THIS WAS PREPARED BY THE
00:56:02.326 --> 00:56:04.695 region:rollup2
COMMITTEE.
00:56:04.361 --> 00:56:05.395 region:rollup2
IT'S A VERY.
00:56:04.695 --> 00:56:08.465 region:rollup2
.
00:56:05.395 --> 00:56:09.867 region:rollup2
THOROUGH AND DETAILED ANALYSIS.
00:56:08.465 --> 00:56:12.102 region:rollup2
IT IS THE CASE.
00:56:09.867 --> 00:56:13.437 region:rollup2
THAT THE THE VOTERS ENACTED
00:56:12.102 --> 00:56:15.272 region:rollup2
PROP ONE OF THREE IN THE STATE
00:56:13.437 --> 00:56:16.840 region:rollup2
OF CALIFORNIA. A WHICH PROVIDES
00:56:15.272 --> 00:56:18.108 region:rollup2
THAT INSURERS HAVE TO JUSTIFY
00:56:16.840 --> 00:56:20.010 region:rollup2
THEIR RATES.
00:56:18.108 --> 00:56:20.944 region:rollup2
IF THEIR PROPERTY CASUALTY
00:56:20.010 --> 00:56:22.946 region:rollup2
INSURANCE.
00:56:20.944 --> 00:56:23.747 region:rollup2
IN THE WAY THEY DO THAT IS BY
00:56:22.946 --> 00:56:26.283 region:rollup2
SUBMITTING THEIR RATES TO THE
00:56:23.747 --> 00:56:27.551 region:rollup2
DEPARTMENT. THEY SUBMIT THEIR
00:56:26.283 --> 00:56:29.386 region:rollup2
EXPERIENCE IN LOS
00:56:27.551 --> 00:56:31.088 region:rollup2
DATA THAT THEY SUBMIT THEIR
00:56:29.386 --> 00:56:33.123 region:rollup2
ADMINISTRATIVE COSTS.
00:56:31.088 --> 00:56:36.026 region:rollup2
THEY IDENTIFY.
00:56:33.123 --> 00:56:36.927 region:rollup2
SOME AMOUNT OF.
00:56:36.026 --> 00:56:37.928 region:rollup2
RETURN THAT THEY'RE GOING TO
00:56:36.927 --> 00:56:41.431 region:rollup2
MAKE.
00:56:37.928 --> 00:56:43.033 region:rollup2
THEN WE APPLY VERY DETAILED
00:56:41.431 --> 00:56:45.168 region:rollup2
REGULATORY ONLY BASED.
00:56:43.033 --> 00:56:47.604 region:rollup2
RAINN FACTORS IN DEVELOPMENT
00:56:45.168 --> 00:56:49.206 region:rollup2
STANDARDS DETERMINE WHAT WHAT
00:56:47.604 --> 00:56:52.342 region:rollup2
THE RATE SHOULD BE.
00:56:49.206 --> 00:56:54.111 region:rollup2
INCREASINGLY INSURERS ARE USING
00:56:52.342 --> 00:56:54.678 region:rollup2
A FORWARD LOOKING PREDICTIVE
00:56:54.111 --> 00:56:56.647 region:rollup2
MODELS I MENTION THESE WILD
00:56:54.678 --> 00:56:58.415 region:rollup2
FIRE.
00:56:56.647 --> 00:56:58.949 region:rollup2
I RISK MODELS THEY'RE BEING USED
00:56:58.415 --> 00:56:59.983 region:rollup2
BOTH FOR UNDERWRITING AND
00:56:58.949 --> 00:57:03.353 region:rollup2
RATING.
00:56:59.983 --> 00:57:05.022 region:rollup2
AND I ANTICIPATE THAT HIM OF
00:57:03.353 --> 00:57:07.391 region:rollup2
RAPE FILINGS WE'RE GOING TO SEE.
00:57:05.022 --> 00:57:09.860 region:rollup2
ADDITIONAL REQUESTS FOR
00:57:07.391 --> 00:57:10.460 region:rollup2
INCREASES BASED ON THAT THESE
00:57:09.860 --> 00:57:12.562 region:rollup2
MOST RECENT LOSSES BY AS WELL
00:57:10.460 --> 00:57:14.598 region:rollup2
AS.
00:57:12.562 --> 00:57:17.768 region:rollup2
INDICATIONS OF WHAT THESE
00:57:14.598 --> 00:57:19.369 region:rollup2
MODELS ARE PREDICTING GOING FOR.
00:57:17.768 --> 00:57:20.704 region:rollup2
I THANK YOU FOR REMINDING ME OF
00:57:19.369 --> 00:57:22.606 region:rollup2
PROP ONE OF THREE.
00:57:20.704 --> 00:57:24.074 region:rollup2
WHAT YEAR WAS THAT OPPOSE
00:57:22.606 --> 00:57:26.276 region:rollup2
NINETEEN EIGHTY EIGHT THEN?
00:57:24.074 --> 00:57:28.779 region:rollup2
I'M REMINDED BY MY CHIEF DEPUTY
00:57:26.276 --> 00:57:30.414 region:rollup2
MISTER LAU SURE WHO I WAS REMISS
00:57:28.779 --> 00:57:30.814 region:rollup2
IN NOT INTRODUCING EARLIER.
00:57:30.414 --> 00:57:33.617 region:rollup2
THAT.
00:57:30.814 --> 00:57:35.118 region:rollup2
THE RATE DEVELOPMENT FACTORS
00:57:33.617 --> 00:57:36.253 region:rollup2
ALSO INCLUDE WHAT'S CALLED A
00:57:35.118 --> 00:57:38.722 region:rollup2
THAT CATASTROPHE LOADER
00:57:36.253 --> 00:57:40.090 region:rollup2
CATASTROPHE FACTOR AND WHAT THAT
00:57:38.722 --> 00:57:41.325 region:rollup2
IS IS THAT'S WHERE THE INSURERS
00:57:40.090 --> 00:57:44.261 region:rollup2
CAN PUT.
00:57:41.325 --> 00:57:46.229 region:rollup2
IN INCREMENTS OF RATE THAT THEY
00:57:44.261 --> 00:57:48.231 region:rollup2
BELIEVE IS NECESSARY TO DEAL
00:57:46.229 --> 00:57:50.067 region:rollup2
WITH CATASTROPHES LIKE THE ONE
00:57:48.231 --> 00:57:52.135 region:rollup2
THAT HAS OCCURRED HERE AND SO
00:57:50.067 --> 00:57:53.870 region:rollup2
THERE IS A A COMPONENT OF RATE
00:57:52.135 --> 00:57:55.305 region:rollup2
DEVELOPMENT. AT THAT A
00:57:53.870 --> 00:57:59.810 region:rollup2
CONTEMPLATES.
00:57:55.305 --> 00:58:00.310 region:rollup2
RATING BASED ON CATASTROPHIC
00:57:59.810 --> 00:58:00.677 region:rollup2
EVENTS LIKE THE ONE THAT
00:58:00.310 --> 00:58:02.312 region:rollup2
OCCURRED HERE.
00:58:00.677 --> 00:58:03.981 region:rollup2
DO YOU ALSO REVIEW THEIR INCOME
00:58:02.312 --> 00:58:06.149 region:rollup2
STATEMENTS HUMAN OR INCOME TAX
00:58:03.981 --> 00:58:07.651 region:rollup2
RETURNS AND THEIR BALANCE SHEETS
00:58:06.149 --> 00:58:09.286 region:rollup2
FINANCIAL AUDITED FINANCIAL
00:58:07.651 --> 00:58:11.121 region:rollup2
STATEMENTS TO. MAKE SURE THAT
00:58:09.286 --> 00:58:13.123 region:rollup2
THEY'RE NOT. CHARGING TOO MUCH
00:58:11.121 --> 00:58:13.724 region:rollup2
THEN IS AT PAR THE PROCESS WELL
00:58:13.123 --> 00:58:15.892 region:rollup2
WE WE.
00:58:13.724 --> 00:58:17.361 region:rollup2
WE LOOK AT THE RATES AT THE
00:58:15.892 --> 00:58:19.629 region:rollup2
FILE.
00:58:17.361 --> 00:58:21.098 region:rollup2
WE LOOK AT OTHER A FINANCIAL
00:58:19.629 --> 00:58:24.067 region:rollup2
INFORMATION.
00:58:21.098 --> 00:58:25.202 region:rollup2
BUT WE ALSO HAVE RESPONSIBILITY
00:58:24.067 --> 00:58:26.870 region:rollup2
FOR MAKING SURE THAT THE
00:58:25.202 --> 00:58:29.439 region:rollup2
COMPANIES ARE ADEQUATELY
00:58:26.870 --> 00:58:32.142 region:rollup2
RESERVING TO PAY FUTURE CLAIMS.
00:58:29.439 --> 00:58:33.910 region:rollup2
AND SO WE DO A LOOK AT THEIR
00:58:32.142 --> 00:58:36.079 region:rollup2
FINANCIAL STATEMENTS.
00:58:33.910 --> 00:58:38.248 region:rollup2
IN PARTICULAR BY THE AMOUNT OF
00:58:36.079 --> 00:58:40.384 region:rollup2
RESERVES AND WE LOOK AT THEIR
00:58:38.248 --> 00:58:42.152 region:rollup2
RESERVES HAS MATCHED AGAINST
00:58:40.384 --> 00:58:43.186 region:rollup2
THEIR LIABILITIES TO MAKE SURE
00:58:42.152 --> 00:58:43.754 region:rollup2
THAT IN THE EVENT OF A
00:58:43.186 --> 00:58:45.555 region:rollup2
CATASTROPHIC EVENT LIKE THIS
00:58:43.754 --> 00:58:47.324 region:rollup2
ONE.
00:58:45.555 --> 00:58:49.192 region:rollup2
THEY ARE SUFFICIENTLY RESERVE TO
00:58:47.324 --> 00:58:49.793 region:rollup2
BE ABLE TO PAY CLAIMS AND I WILL
00:58:49.192 --> 00:58:50.961 region:rollup2
TELL YOU THAT YOU KNOW THIS IS
00:58:49.793 --> 00:58:53.563 region:rollup2
A.
00:58:50.961 --> 00:58:56.133 region:rollup2
AN ENORMOUS AND DEVASTATING.
00:58:53.563 --> 00:58:57.434 region:rollup2
SERIES OF OF OF THE
00:58:56.133 --> 00:59:00.303 region:rollup2
CATASTROPHES TWELVE OVER TWELVE
00:58:57.434 --> 00:59:00.604 region:rollup2
BILLION DOLLARS IN TOTAL LOSSES
00:59:00.303 --> 00:59:01.004 region:rollup2
ACCOUNTING.
00:59:00.604 --> 00:59:02.572 region:rollup2
.
00:59:01.004 --> 00:59:04.408 region:rollup2
THAT OBVIOUSLY FALLS ON DEFERRED
00:59:02.572 --> 00:59:06.009 region:rollup2
INSURERS IN DIFFERENT WAYS GIVEN
00:59:04.408 --> 00:59:08.145 region:rollup2
THEIR DEGREE OF EXPOSURE SOME
00:59:06.009 --> 00:59:09.413 region:rollup2
INSURERS ARE HAVING MORE OF THAT
00:59:08.145 --> 00:59:11.782 region:rollup2
LOST SOME LAST.
00:59:09.413 --> 00:59:15.085 region:rollup2
BUT WE ARE.
00:59:11.782 --> 00:59:15.719 region:rollup2
FAIRLY CONFIDENT THAT BASED ON
00:59:15.085 --> 00:59:17.754 region:rollup2
OUR WORK.
00:59:15.719 --> 00:59:19.456 region:rollup2
MAKING SURE THAT COMPANIES ARE
00:59:17.754 --> 00:59:20.657 region:rollup2
ADEQUATELY RESERVED THAT THEY'LL
00:59:19.456 --> 00:59:21.958 region:rollup2
BE ABLE TO PAY THOSE CLAIMS.
00:59:20.657 --> 00:59:24.728 region:rollup2
THAT THEY HAVE SUFFICIENT
00:59:21.958 --> 00:59:26.363 region:rollup2
RESERVES TO PAY THE CLAIMS.
00:59:24.728 --> 00:59:27.964 region:rollup2
WE WERE GIVING UP YET SHEET THAT
00:59:26.363 --> 00:59:29.666 region:rollup2
SHOWS THAT FROM NINETY ONE TO
00:59:27.964 --> 00:59:30.333 region:rollup2
TWENTY SIXTEEN.
00:59:29.666 --> 00:59:31.435 region:rollup2
THE NUMBER OF INSURANCE
00:59:30.333 --> 00:59:32.903 region:rollup2
COMPANIES HAS GONE FROM A
00:59:31.435 --> 00:59:34.571 region:rollup2
HUNDRED AND NINETY ONE DOWN TO
00:59:32.903 --> 00:59:36.139 region:rollup2
HUNDRED AND SEVEN.
00:59:34.571 --> 00:59:37.707 region:rollup2
AND SO I'M WONDERING WHAT PROP
00:59:36.139 --> 00:59:39.009 region:rollup2
ONE A THREE BE PART OF THE
00:59:37.707 --> 00:59:40.510 region:rollup2
PROVINCES THAT PASSED IN EIGHTY
00:59:39.009 --> 00:59:42.979 region:rollup2
EIGHT. IT RECEIVED FORTY FOUR
00:59:40.510 --> 00:59:44.948 region:rollup2
PERCENT OF THE INSURERS JUST
00:59:42.979 --> 00:59:46.650 region:rollup2
LEAVE THE STATE.
00:59:44.948 --> 00:59:48.618 region:rollup2
OR WAS IT MERGERS OR WAS IT
00:59:46.650 --> 00:59:50.220 region:rollup2
ACTUAL BANKRUPTCIES WELL I I
00:59:48.618 --> 00:59:52.622 region:rollup2
I'VE I I'M NOT FAMILIAR WITH
00:59:50.220 --> 00:59:53.890 region:rollup2
THAT PARTICULAR PIECE OF PAPER
00:59:52.622 --> 00:59:54.524 region:rollup2
IN HIS SOURCE BUT. THERE. IT'S
00:59:53.890 --> 00:59:55.859 region:rollup2
YOURS
00:59:54.524 --> 00:59:57.494 region:rollup2
YEAH.
00:59:55.859 --> 00:59:59.229 region:rollup2
IT'S MINE.
00:59:57.494 --> 01:00:00.831 region:rollup2
GREAT.
00:59:59.229 --> 01:00:02.966 region:rollup2
WELL THAT'S GONNA BE HARD FOR ME
01:00:00.831 --> 01:00:04.801 region:rollup2
TO DISAVOW IT ISN'T IT.
01:00:02.966 --> 01:00:05.168 region:rollup2
YEAH. I GUESS I AM FAMILIAR WITH
01:00:04.801 --> 01:00:07.504 region:rollup2
IT.
01:00:05.168 --> 01:00:08.805 region:rollup2
BUT WHAT WHAT HAS OCCURRED OVER
01:00:07.504 --> 01:00:10.974 region:rollup2
THAT PERIOD OF TIME ARE.
01:00:08.805 --> 01:00:13.343 region:rollup2
SERIES OF CONSOLIDATIONS IN
01:00:10.974 --> 01:00:16.847 region:rollup2
MERGERS OF COMPANIES.
01:00:13.343 --> 01:00:18.348 region:rollup2
AND SO I THINK THAT THAT'S A
01:00:16.847 --> 01:00:20.650 region:rollup2
PROBABLY THE MOST SIGNIFICANT
01:00:18.348 --> 01:00:21.184 region:rollup2
FACTOR EXPLAINING THAT THAT
01:00:20.650 --> 01:00:23.653 region:rollup2
NUMBER.
01:00:21.184 --> 01:00:25.355 region:rollup2
I WILL SAY THOUGH THAT WE
01:00:23.653 --> 01:00:27.190 region:rollup2
CONTINUE TO HAVE COMPETITION IN
01:00:25.355 --> 01:00:27.991 region:rollup2
THE MARKET AS I MENTIONED A
01:00:27.190 --> 01:00:30.494 region:rollup2
MOMENT AGO.
01:00:27.991 --> 01:00:32.295 region:rollup2
WE WERE SUCCESSFUL UNDER MY
01:00:30.494 --> 01:00:33.697 region:rollup2
COMMISSIONER SHIPPAN AS GETTING
01:00:32.295 --> 01:00:34.898 region:rollup2
ALL STATE TO RETURN BACK TO THE
01:00:33.697 --> 01:00:36.533 region:rollup2
MARKET AFTER HE'D PULLED OUT
01:00:34.898 --> 01:00:38.168 region:rollup2
ABOUT TEN OR FIFTEEN YEARS AGO
01:00:36.533 --> 01:00:39.169 region:rollup2
THAT WAS A BIG. THAT WAS A BIG
01:00:38.168 --> 01:00:41.738 region:rollup2
PLUS BUT THERE HAS BEEN
01:00:39.169 --> 01:00:42.205 region:rollup2
SIGNIFICANT CONSOLIDATION WITHIN
01:00:41.738 --> 01:00:43.106 region:rollup2
THE INSURANCE INDUSTRY
01:00:42.205 --> 01:00:44.941 region:rollup2
GENERALLY.
01:00:43.106 --> 01:00:46.643 region:rollup2
I'M A FAIR PLAN. IT THAT'S AN
01:00:44.941 --> 01:00:49.246 region:rollup2
INSURANCE COMPANY ITSELF RIGHT
01:00:46.643 --> 01:00:50.147 region:rollup2
WOULD DO WE HAVE A SEPARATE
01:00:49.246 --> 01:00:50.380 region:rollup2
DEPARTMENT FOR THAT NOW DO WE.
01:00:50.147 --> 01:00:52.015 region:rollup2
DO THE.
01:00:50.380 --> 01:00:53.383 region:rollup2
THE BALANCE SHEET INCOME
01:00:52.015 --> 01:00:54.651 region:rollup2
STATEMENT HOW DO WE MAKE SURE WE
01:00:53.383 --> 01:00:55.352 region:rollup2
HAVE ENOUGH RESERVES.
01:00:54.651 --> 01:00:57.687 region:rollup2
SO.
01:00:55.352 --> 01:00:59.956 region:rollup2
MORE PRECISELY IN A IN I DIDN'T
01:00:57.687 --> 01:01:02.826 region:rollup2
SAY THIS IN MY REMARKS BECAUSE A
01:00:59.956 --> 01:01:05.028 region:rollup2
READING OF TIME A. THE FAIR PLAY
01:01:02.826 --> 01:01:06.997 region:rollup2
AND THE FAIR PLAN. THE FAIR PLAN
01:01:05.028 --> 01:01:08.765 region:rollup2
NOW IS ACTUALLY INNOCENT USUALLY
01:01:06.997 --> 01:01:11.001 region:rollup2
TO TAKE CARE DINNER WILL
01:01:08.765 --> 01:01:14.638 region:rollup2
STICKERS FOR AYE AYE FOR DINNER.
01:01:11.001 --> 01:01:15.138 region:rollup2
I WAS TRYING TO BE MINDFUL BUT
01:01:14.638 --> 01:01:15.872 region:rollup2
THE BUT THE FAIR FLED.
01:01:15.138 --> 01:01:18.608 region:rollup2
THE FAIR PLAN IS ACTUALLY.
01:01:15.872 --> 01:01:20.577 region:rollup2
IN ASSOCIATION AND ALL OF THE
01:01:18.608 --> 01:01:22.312 region:rollup2
WRITERS OF PROPERTY INSURANCE
01:01:20.577 --> 01:01:23.780 region:rollup2
PARTICIPATE IN IT.
01:01:22.312 --> 01:01:25.515 region:rollup2
HITS
01:01:23.780 --> 01:01:29.052 region:rollup2
STATUTORILY.
01:01:25.515 --> 01:01:30.620 region:rollup2
CREATED A IT IS REGULATED BY
01:01:29.052 --> 01:01:32.122 region:rollup2
THE DEPARTMENT OF INSURANCE THAT
01:01:30.620 --> 01:01:34.491 region:rollup2
WE PERFORM THE SAME.
01:01:32.122 --> 01:01:37.527 region:rollup2
RATE REGULATORY AND FINANCIAL
01:01:34.491 --> 01:01:39.162 region:rollup2
SOLVENCY REVIEW FOR IT AS WE
01:01:37.527 --> 01:01:41.998 region:rollup2
PERFORM FOR.
01:01:39.162 --> 01:01:44.734 region:rollup2
THE REST OF THE ADMITTED THAT
01:01:41.998 --> 01:01:46.369 region:rollup2
COMMERCIAL MARKET. LIKE A JPA.
01:01:44.734 --> 01:01:47.938 region:rollup2
I YEAH I GUESS I MEAN I THINK
01:01:46.369 --> 01:01:49.039 region:rollup2
IT'S IT I I GUESS TOO I WOULD
01:01:47.938 --> 01:01:50.974 region:rollup2
THINK OF IT IS A.
01:01:49.039 --> 01:01:52.409 region:rollup2
CONSORTIUM OF ALL OF THE
01:01:50.974 --> 01:01:54.110 region:rollup2
PRIVATE A CONCERT YOU COOPER
01:01:52.409 --> 01:01:55.645 region:rollup2
CONSORTIUM OF ALL THE PRIVATE
01:01:54.110 --> 01:01:57.614 region:rollup2
CARRIERS STATEMENT TO IT RIGHT
01:01:55.645 --> 01:01:59.015 region:rollup2
YES ABSOLUTELY IT AS A SEPARATE
01:01:57.614 --> 01:01:59.849 region:rollup2
LEGAL EXISTENCE ABSOLUTELY NO I
01:01:59.015 --> 01:02:00.483 region:rollup2
GET THAT.
01:01:59.849 --> 01:02:01.718 region:rollup2
I'M YOU CAN GET IT FROM THE FAIR
01:02:00.483 --> 01:02:03.153 region:rollup2
PLAN.
01:02:01.718 --> 01:02:04.888 region:rollup2
OKAY SO THERE'S THAT YOU HAVE A
01:02:03.153 --> 01:02:06.156 region:rollup2
WEB PAGE THAT HAS FAIR PLAN
01:02:04.888 --> 01:02:06.890 region:rollup2
THERE THERE IS AN ENTITY CALLED
01:02:06.156 --> 01:02:08.625 region:rollup2
THE FAIR PLAN THEY HAVE AWAY
01:02:06.890 --> 01:02:10.160 region:rollup2
PAGE THEY HAVE A DIRECTOR SHE'S
01:02:08.625 --> 01:02:11.962 region:rollup2
A VERY NICE LADY SHE'S TESTIFIED
01:02:10.160 --> 01:02:13.897 region:rollup2
BEFORE THIS COMMITTEE THE PAST.
01:02:11.962 --> 01:02:15.265 region:rollup2
THE AND AND THEY HAVE THEIR OWN
01:02:13.897 --> 01:02:16.533 region:rollup2
STAFF IN THEIR OWN LEGAL
01:02:15.265 --> 01:02:18.435 region:rollup2
EXISTENCE AND YOU CAN CERTAINLY
01:02:16.533 --> 01:02:19.769 region:rollup2
GET OUT IF IT IS UNDER RESERVE
01:02:18.435 --> 01:02:21.705 region:rollup2
TO WHO BANKS SET UP.
01:02:19.769 --> 01:02:23.039 region:rollup2
WELL I IF THEY WERE UNDER
01:02:21.705 --> 01:02:25.108 region:rollup2
RESERVE WHICH WE DON'T BELIEVE
01:02:23.039 --> 01:02:26.209 region:rollup2
THEY ARE THEN WE WOULD SAY T
01:02:25.108 --> 01:02:28.378 region:rollup2
THEM YOU'VE GOT TO RAISE YOUR
01:02:26.209 --> 01:02:29.746 region:rollup2
RATES TO. GATHER MORE RATE TO
01:02:28.378 --> 01:02:30.780 region:rollup2
MAKE SURE YOU HAVE SUFFICIENT
01:02:29.746 --> 01:02:33.516 region:rollup2
RESERVES.
01:02:30.780 --> 01:02:35.685 region:rollup2
IF IF IN EXTREMISTS.
01:02:33.516 --> 01:02:36.686 region:rollup2
THEY FIND THEMSELVES IN A
01:02:35.685 --> 01:02:38.655 region:rollup2
POSITION WHERE THEY'RE
01:02:36.686 --> 01:02:40.056 region:rollup2
COLLECTING INSUFFICIENT RATE IN
01:02:38.655 --> 01:02:42.659 region:rollup2
ORDER TO COVER LOSSES THAN THEY
01:02:40.056 --> 01:02:44.194 region:rollup2
CAN TIE OF THE MEMBERS OF THE.
01:02:42.659 --> 01:02:47.197 region:rollup2
OF THE CONSORTIUM.
01:02:44.194 --> 01:02:47.764 region:rollup2
BUT WE HAVE NO INDICATION
01:02:47.197 --> 01:02:49.733 region:rollup2
CURRENTLY THAT THEY'RE UNDER
01:02:47.764 --> 01:02:51.434 region:rollup2
RESERVED.
01:02:49.733 --> 01:02:54.471 region:rollup2
THANK YOU OUR A WILL QUIT WERE.
01:02:51.434 --> 01:02:55.538 region:rollup2
NOW BEEN WELL OVER AN HOUR AND I
01:02:54.471 --> 01:02:56.673 region:rollup2
BELIEVE THAT SHOULD THE CHAIR.
01:02:55.538 --> 01:02:58.408 region:rollup2
QUESTION.
01:02:56.673 --> 01:02:59.576 region:rollup2
ALL ONE QUESTION IF YOU WOULD
01:02:58.408 --> 01:03:01.278 region:rollup2
THEN WE CAN MOVE ON.
01:02:59.576 --> 01:03:02.912 region:rollup2
IT RELATES THE SAME DOCUMENT ON
01:03:01.278 --> 01:03:04.581 region:rollup2
PAGE FOUR.
01:03:02.912 --> 01:03:05.915 region:rollup2
I'LL JUST MAKE ONE QUESTION BUT
01:03:04.581 --> 01:03:07.284 region:rollup2
IT IF YOU LOOK AT THE MIDDLE OF
01:03:05.915 --> 01:03:09.285 region:rollup2
THE SECOND FULL PARAGRAPH
01:03:07.284 --> 01:03:10.587 region:rollup2
INSURERS HAVE ACCESS TO BRUSH
01:03:09.285 --> 01:03:11.755 region:rollup2
MAPPING PROGRAMS.
01:03:10.587 --> 01:03:12.822 region:rollup2
BRIMMING WITH DATA FROM THE
01:03:11.755 --> 01:03:14.357 region:rollup2
CALIFORNIA DEPARTMENT OF
01:03:12.822 --> 01:03:16.426 region:rollup2
FORESTRY AND FIRE PROTECTION CAL
01:03:14.357 --> 01:03:18.595 region:rollup2
FIRE. U. S. FOR SERVICE AND THE
01:03:16.426 --> 01:03:20.263 region:rollup2
NATIONAL OCEANIC AND ATMOSPHERIC
01:03:18.595 --> 01:03:21.865 region:rollup2
ADMINISTRATION.
01:03:20.263 --> 01:03:24.668 region:rollup2
BUT CAL FIRE SPIN EIGHT YEARS
01:03:21.865 --> 01:03:26.303 region:rollup2
BEHIND IN DOING BUYER MAPS IN.
01:03:24.668 --> 01:03:27.604 region:rollup2
THE CAT CAME UP AS A RESULT OF
01:03:26.303 --> 01:03:28.838 region:rollup2
THE FIRES A NAP IN CINEMA EVEN
01:03:27.604 --> 01:03:30.273 region:rollup2
IN THE WALL STREET JOURNAL
01:03:28.838 --> 01:03:31.408 region:rollup2
THERE'S AND WHERE THE FIRE MAPS.
01:03:30.273 --> 01:03:33.376 region:rollup2
SOME WONDER WHAT'S THE
01:03:31.408 --> 01:03:35.578 region:rollup2
INTEGRATION BETWEEN INDUSTRY AND
01:03:33.376 --> 01:03:37.047 region:rollup2
YOU. IS INDUSTRY PRACTICE OF
01:03:35.578 --> 01:03:37.881 region:rollup2
EXPERTS GAP SHOWS THAT. THE
01:03:37.047 --> 01:03:39.649 region:rollup2
INDUSTRY'S BUILDING SOME
01:03:37.881 --> 01:03:40.517 region:rollup2
INCREDIBLE MAPS AND I'M JUST
01:03:39.649 --> 01:03:43.553 region:rollup2
WONDERING.
01:03:40.517 --> 01:03:47.123 region:rollup2
WHERE'S THE COOPERATION WORKERS.
01:03:43.553 --> 01:03:48.725 region:rollup2
SOME KIND OF COLLABORATION. OF
01:03:47.123 --> 01:03:50.560 region:rollup2
BECAUSE I I'VE I'VE GOT A OF
01:03:48.725 --> 01:03:52.629 region:rollup2
WILDFIRES OWN IN MY DISTRICT IN
01:03:50.560 --> 01:03:54.030 region:rollup2
ITS RATED LOW AND I LOST FOUR
01:03:52.629 --> 01:03:55.732 region:rollup2
HUNDRED AND FIFTY HOMES THERE.
01:03:54.030 --> 01:03:56.966 region:rollup2
IN NINETEEN NINETY THREE SO I
01:03:55.732 --> 01:03:58.601 region:rollup2
WANT TO KNOW WHAT'S GOING ON.
01:03:56.966 --> 01:03:59.636 region:rollup2
IN THAT ON IT AND THAT'S THE ALL
01:03:58.601 --> 01:04:00.937 region:rollup2
OVER ALL THE COUNTRIES IN
01:03:59.636 --> 01:04:02.939 region:rollup2
QUESTION WITH MAYBE SOME FOLLOW
01:04:00.937 --> 01:04:04.541 region:rollup2
UPS BUT THAT'S I SUSPECTED TO
01:04:02.939 --> 01:04:06.309 region:rollup2
HAVE A QUICK RESPONSE THINK THE
01:04:04.541 --> 01:04:07.844 region:rollup2
QUESTION IS THAT THE THERE'S TO
01:04:06.309 --> 01:04:10.280 region:rollup2
THE SUGGESTION THAT THE CAL
01:04:07.844 --> 01:04:11.314 region:rollup2
FIRES ABOUT EIGHT YEARS BEHIND
01:04:10.280 --> 01:04:13.283 region:rollup2
IN TERMS OF DRAWING ITS. MAPS
01:04:11.314 --> 01:04:14.584 region:rollup2
WE'RE DOING ITS.
01:04:13.283 --> 01:04:15.985 region:rollup2
IT'S WORKED PRETTY OF A RESPONSE
01:04:14.584 --> 01:04:17.454 region:rollup2
TO ME I APPRECIATE THE QUESTION
01:04:15.985 --> 01:04:18.621 region:rollup2
I YOU KNOW I THINK IT DEPENDS ON
01:04:17.454 --> 01:04:19.856 region:rollup2
WHAT MAPS THEY'RE REFERRING TO
01:04:18.621 --> 01:04:20.623 region:rollup2
HEAR I'M A LITTLE UNCLEAR ON
01:04:19.856 --> 01:04:21.991 region:rollup2
THAT.
01:04:20.623 --> 01:04:23.259 region:rollup2
IF WE'RE TALKING FIRE HAZARD
01:04:21.991 --> 01:04:24.627 region:rollup2
SEVERITY ZONE MAPS.
01:04:23.259 --> 01:04:25.528 region:rollup2
WE'RE TALKING BRUSH MAPS YOU
01:04:24.627 --> 01:04:28.098 region:rollup2
KNOW I'M I'M A LITTLE UNCLEAR ON
01:04:25.528 --> 01:04:28.264 region:rollup2
WHAT WHAT MAPS THEY'RE REFERRING
01:04:28.098 --> 01:04:29.466 region:rollup2
TO.
01:04:28.264 --> 01:04:30.934 region:rollup2
.
01:04:29.466 --> 01:04:31.935 region:rollup2
WE YOU KNOW WE RECOGNIZE THERE'S
01:04:30.934 --> 01:04:34.037 region:rollup2
THERE'S A NEED TO UPDATE OUR
01:04:31.935 --> 01:04:36.072 region:rollup2
MAPS AND AND WE'RE WORKING TO.
01:04:34.037 --> 01:04:37.741 region:rollup2
YOU KNOW CONTINUALLY WORKING TO
01:04:36.072 --> 01:04:38.641 region:rollup2
MAKE THOSE UPDATES DEPENDS ON
01:04:37.741 --> 01:04:39.743 region:rollup2
WHAT THEY'RE TALKING ABOUT
01:04:38.641 --> 01:04:41.277 region:rollup2
THOUGH THAT IS FAR AS THE MAPSCO
01:04:39.743 --> 01:04:43.079 region:rollup2
THAT I'M I'M TALKING THE CONTEXT
01:04:41.277 --> 01:04:44.114 region:rollup2
OF FIRE HAZARD SEVERITY ZONES.
01:04:43.079 --> 01:04:46.449 region:rollup2
WE RECENTLY.
01:04:44.114 --> 01:04:47.851 region:rollup2
WERE WORKING WITH CPUC ON SOME
01:04:46.449 --> 01:04:49.419 region:rollup2
OTHER MAPS AT THE CPC IS
01:04:47.851 --> 01:04:51.187 region:rollup2
ACTUALLY ADOPTED AT THIS POINT
01:04:49.419 --> 01:04:51.988 region:rollup2
AND THOSE ARE COMPLETE SO. I
01:04:51.187 --> 01:04:54.023 region:rollup2
GUESS I WOULD NEED A LITTLE MORE
01:04:51.988 --> 01:04:55.358 region:rollup2
INFORMATION AND WOULD BE HAPPY
01:04:54.023 --> 01:04:57.394 region:rollup2
TO WORK WITH WITH.
01:04:55.358 --> 01:04:58.795 region:rollup2
THE COMMITTEE AND AS WELL AS
01:04:57.394 --> 01:05:00.230 region:rollup2
DEPARTMENT OF INSURANCE IN IN IN
01:04:58.795 --> 01:05:01.998 region:rollup2
HELPING TO A GETS MORE CLARITY
01:05:00.230 --> 01:05:03.166 region:rollup2
SO WHAT WE'LL DO IS WE'LL MAKE
01:05:01.998 --> 01:05:04.267 region:rollup2
SURE THAT WE GET YOU THAT
01:05:03.166 --> 01:05:05.435 region:rollup2
INFORMATION IF YOU HAVE ANY
01:05:04.267 --> 01:05:06.936 region:rollup2
FURTHER QUESTIONS I'M SURE
01:05:05.435 --> 01:05:08.138 region:rollup2
CENTER MORE LOCK WOULD BE HAPPY
01:05:06.936 --> 01:05:09.906 region:rollup2
TO FOLLOW UP WITH YOU. ON THAT
01:05:08.138 --> 01:05:11.508 region:rollup2
PARTICULAR ISSUE SO WE WERE ON
01:05:09.906 --> 01:05:12.442 region:rollup2
THE SAME PAGE TALK ABOUT THE
01:05:11.508 --> 01:05:14.511 region:rollup2
SAME MAPS.
01:05:12.442 --> 01:05:15.111 region:rollup2
THAT SENATOR GLAZER HAD A
01:05:14.511 --> 01:05:16.679 region:rollup2
QUESTION.
01:05:15.111 --> 01:05:17.647 region:rollup2
YEAH.
01:05:16.679 --> 01:05:19.382 region:rollup2
COULD ASSURE THANK YOU FOR YOUR
01:05:17.647 --> 01:05:20.817 region:rollup2
TESTIMONY AND ALSO THANK YOU FOR
01:05:19.382 --> 01:05:22.419 region:rollup2
BEING OUT AND ABOUT AND ENGAGE
01:05:20.817 --> 01:05:23.586 region:rollup2
IN THESE COMMUNITIES WHERE THESE
01:05:22.419 --> 01:05:25.255 region:rollup2
DISASTERS OF STRUCK I KNOW IT'S
01:05:23.586 --> 01:05:26.523 region:rollup2
A. IT'S A TRAUMATIC TIME FOR
01:05:25.255 --> 01:05:28.291 region:rollup2
EVERYONE INVOLVED AND I THINK
01:05:26.523 --> 01:05:29.726 region:rollup2
YOU BEING THERE AND CONNECTING
01:05:28.291 --> 01:05:31.060 region:rollup2
WITH THEM IS VERY MEANINGFUL I
01:05:29.726 --> 01:05:32.562 region:rollup2
APPRECIATE THE EXTRA EFFORT THAT
01:05:31.060 --> 01:05:33.563 region:rollup2
YOU AND YOUR DEPARTMENT HAVE
01:05:32.562 --> 01:05:34.931 region:rollup2
ENGAGED IN TO.
01:05:33.563 --> 01:05:37.367 region:rollup2
TO TRY TO BRING COMFORTED AND
01:05:34.931 --> 01:05:38.334 region:rollup2
VERY UNCOMFORTABLE SITUATION.
01:05:37.367 --> 01:05:39.502 region:rollup2
AND YOU MENTIONED IN YOUR
01:05:38.334 --> 01:05:41.838 region:rollup2
TESTIMONY THAT YOU WERE LOOKING
01:05:39.502 --> 01:05:43.006 region:rollup2
FOR SOME MORE DATA ON LOSSES.
01:05:41.838 --> 01:05:43.940 region:rollup2
AND I WAS A LITTLE CONFUSED BY
01:05:43.006 --> 01:05:46.075 region:rollup2
THAT IN TERMS OF.
01:05:43.940 --> 01:05:46.709 region:rollup2
WHEREBY YOU HAVE AVAILABLE NOW
01:05:46.075 --> 01:05:48.244 region:rollup2
AND WHAT WHAT MORE YOU WOULD BE
01:05:46.709 --> 01:05:50.580 region:rollup2
SEEKING.
01:05:48.244 --> 01:05:51.414 region:rollup2
SO I THINK WHAT WERE WHAT WERE
01:05:50.580 --> 01:05:52.882 region:rollup2
INTERESTED IN.
01:05:51.414 --> 01:05:54.651 region:rollup2
IN OUR OUR PROPOSAL. IS.
01:05:52.882 --> 01:05:56.186 region:rollup2
.
01:05:54.651 --> 01:05:58.154 region:rollup2
THAT I'D COLLECTING MORE MORE
01:05:56.186 --> 01:05:59.756 region:rollup2
DETAILED INFORMATION WITH REGARD
01:05:58.154 --> 01:06:02.392 region:rollup2
TO LOS EXPERIENCE.
01:05:59.756 --> 01:06:04.561 region:rollup2
AND THEN BEING ABLE TO USE THAT.
01:06:02.392 --> 01:06:07.163 region:rollup2
IN A MORE SPECIFIC WAY FOR
01:06:04.561 --> 01:06:10.333 region:rollup2
PURPOSES OF RATING.
01:06:07.163 --> 01:06:12.468 region:rollup2
SO WHAT WOULD OCCURS THE IN SOME
01:06:10.333 --> 01:06:14.771 region:rollup2
CASES WITH SOME. CARRIERS RATE
01:06:12.468 --> 01:06:16.873 region:rollup2
DEVELOPMENT IS THEY MAY NOT HAVE
01:06:14.771 --> 01:06:18.808 region:rollup2
ENOUGH EXPERIENCE.
01:06:16.873 --> 01:06:20.610 region:rollup2
AN OF CREDIBLE EXPERIENCE THAT I
01:06:18.808 --> 01:06:22.212 region:rollup2
TO USE AN ACTUARIAL TERM.
01:06:20.610 --> 01:06:24.814 region:rollup2
IN THEIR OWN.
01:06:22.212 --> 01:06:26.382 region:rollup2
RATINGS OF INSURANCE
01:06:24.814 --> 01:06:28.751 region:rollup2
TO BE ABLE TO.
01:06:26.382 --> 01:06:30.820 region:rollup2
PREDICT AS WELL AS THEY MIGHT
01:06:28.751 --> 01:06:32.355 region:rollup2
WHAT THE FUTURE LOSSES MIGHT BE
01:06:30.820 --> 01:06:34.324 region:rollup2
ASSOCIATED WITH THE WRITING IN
01:06:32.355 --> 01:06:36.192 region:rollup2
HIGH RISK FIRE AREAS SO THEY
01:06:34.324 --> 01:06:37.527 region:rollup2
THEN USE OTHER SOURCES OF
01:06:36.192 --> 01:06:39.229 region:rollup2
INFORMATION THAT MIGHT BE PUT
01:06:37.527 --> 01:06:41.264 region:rollup2
TOGETHER BY THIRD PARTIES THAT
01:06:39.229 --> 01:06:43.666 region:rollup2
COLLECT THIS DATA.
01:06:41.264 --> 01:06:46.903 region:rollup2
AND YOU KNOW BY AND LARGE AS
01:06:43.666 --> 01:06:49.205 region:rollup2
LONG AS IT'S A CREDIBLE WILL
01:06:46.903 --> 01:06:50.874 region:rollup2
ALLOW THAT BUT WE THINK. THAT BE
01:06:49.205 --> 01:06:53.977 region:rollup2
SOME REAL BENEFIT IN ARE
01:06:50.874 --> 01:06:55.778 region:rollup2
COLLECTING MORE DETAILED A LOS
01:06:53.977 --> 01:06:57.514 region:rollup2
EXPERIENCE DATA ACROSS THE
01:06:55.778 --> 01:06:59.549 region:rollup2
ENTIRE CALIFORNIA MARKET IS SO
01:06:57.514 --> 01:07:01.317 region:rollup2
SHE WOULD WILD FIRES. SO THAT.
01:06:59.549 --> 01:07:02.585 region:rollup2
WE WOULD THEN HAVE THAT
01:07:01.317 --> 01:07:04.988 region:rollup2
AVAILABLE AND COULD MAKE IT
01:07:02.585 --> 01:07:07.423 region:rollup2
AVAILABLE TO CARRIERS TO DO A
01:07:04.988 --> 01:07:09.559 region:rollup2
MORE REFINED. A JOBLESS RATE
01:07:07.423 --> 01:07:12.161 region:rollup2
DEVELOPMENT THAT SPECIFIC TO
01:07:09.559 --> 01:07:14.597 region:rollup2
CALIFORNIA IF THEY DON'T HAVE
01:07:12.161 --> 01:07:15.231 region:rollup2
ENOUGH OF THEIR OWN EXPERIENCE
01:07:14.597 --> 01:07:16.766 region:rollup2
TO BE ABLE TO RATES OF THEY'RE
01:07:15.231 --> 01:07:17.901 region:rollup2
STILL THEY'RE STILL WRITING IN
01:07:16.766 --> 01:07:19.235 region:rollup2
HIGH RISK FIRE IS MAYBE NOT A
01:07:17.901 --> 01:07:21.237 region:rollup2
WHOLE LOT THEY HAVEN'T HAD A LOT
01:07:19.235 --> 01:07:22.205 region:rollup2
OF LOSSES. SO WHEN THEY DEVELOP
01:07:21.237 --> 01:07:24.541 region:rollup2
THEIR RATES THEY DON'T HAVE
01:07:22.205 --> 01:07:25.108 region:rollup2
ENOUGH A DATA POINTS TO HAVE
01:07:24.541 --> 01:07:26.242 region:rollup2
CREDIBLE EXPERIENCE SO THEN
01:07:25.108 --> 01:07:27.644 region:rollup2
THEY.
01:07:26.242 --> 01:07:29.546 region:rollup2
USE EXPERIENCE FROM THESE OTHER
01:07:27.644 --> 01:07:31.047 region:rollup2
SOURCES AND SOME OF THESE OTHER
01:07:29.546 --> 01:07:32.582 region:rollup2
SOURCES.
01:07:31.047 --> 01:07:33.816 region:rollup2
MAY NOT BE CALIFORNIA'S
01:07:32.582 --> 01:07:36.853 region:rollup2
SPECIFIC.
01:07:33.816 --> 01:07:39.322 region:rollup2
AND MAY NOT BE AS.
01:07:36.853 --> 01:07:40.523 region:rollup2
ROBUST TO REFINE THE DATA SAID
01:07:39.322 --> 01:07:43.993 region:rollup2
AS WE THINK WE MIGHT BE ABLE TO
01:07:40.523 --> 01:07:43.993 region:rollup2
ATTACK OBTAINED BY ACTUALLY
01:07:44.060 --> 01:07:47.397 region:rollup2
EXPERIENCE DATA. IF I IF I SAID
01:07:46.296 --> 01:07:49.666 region:rollup2
ANYTHING WRONG YOU CAN CORRECT
01:07:47.397 --> 01:07:50.934 region:rollup2
ME BUT. I THINK THAT'S THE GIST
01:07:49.666 --> 01:07:51.968 region:rollup2
OF IT THE AND THAT IS NOT
01:07:50.934 --> 01:07:53.536 region:rollup2
SOMETHING THAT'S TYPICALLY DONE
01:07:51.968 --> 01:07:55.338 region:rollup2
IN THE NORMAL COURSE OF
01:07:53.536 --> 01:07:56.973 region:rollup2
ASSESSING THEIR. THEIR RATES THE
01:07:55.338 --> 01:07:59.208 region:rollup2
RATES THEY'RE PROPOSING WELL
01:07:56.973 --> 01:08:00.109 region:rollup2
AGAIN WHAT'S DIFFERENT WHAT'S
01:07:59.208 --> 01:08:02.178 region:rollup2
DIFFERENT IS.
01:08:00.109 --> 01:08:04.047 region:rollup2
THERE ARE SOME NUMBER OF
01:08:02.178 --> 01:08:07.617 region:rollup2
CARRIERS WHO DON'T HAVE ENOUGH
01:08:04.047 --> 01:08:09.986 region:rollup2
EXPERIENCE AND ARE USING THIRD
01:08:07.617 --> 01:08:11.020 region:rollup2
PARTY DATA SETS TIGHTER AND YEAH
01:08:09.986 --> 01:08:12.956 region:rollup2
WHAT IS THAT THAT THAT COULD
01:08:11.020 --> 01:08:14.257 region:rollup2
HAPPEN LAST YEAR. AND THE YEAR
01:08:12.956 --> 01:08:15.458 region:rollup2
BEFORE IN OTHER WORDS IS NOT
01:08:14.257 --> 01:08:15.959 region:rollup2
SOMETHING THAT'S DONE IN THE
01:08:15.458 --> 01:08:17.460 region:rollup2
NORMAL COURSE OF YOUR A
01:08:15.959 --> 01:08:18.695 region:rollup2
REVIEWER.
01:08:17.460 --> 01:08:19.829 region:rollup2
WELL WHY IS THIS DIFFERENT THAN
01:08:18.695 --> 01:08:21.397 region:rollup2
WHAT'S DIFFERENT ABOUT IT IS
01:08:19.829 --> 01:08:26.202 region:rollup2
THAT WE BE COLLECTING AT ONE
01:08:21.397 --> 01:08:26.836 region:rollup2
TIME. CARRIES DON'T COME IN
01:08:26.202 --> 01:08:27.403 region:rollup2
EVERY YEAR THEY MAY COME IN YEAR
01:08:26.836 --> 01:08:27.971 region:rollup2
ONE
01:08:27.403 --> 01:08:28.605 region:rollup2
LINE AND THAT CAN THAT NOT
01:08:27.971 --> 01:08:29.272 region:rollup2
COMING FOR RATE FILING TO YEAR
01:08:28.605 --> 01:08:31.741 region:rollup2
FOUR. AND SO IT SORT OF ALL OVER
01:08:29.272 --> 01:08:33.376 region:rollup2
THE PLACE AND SO WE HAVE BITS OF
01:08:31.741 --> 01:08:34.577 region:rollup2
DATA FOR DIFFERENT PERIODS OF
01:08:33.376 --> 01:08:36.245 region:rollup2
TIME.
01:08:34.577 --> 01:08:38.281 region:rollup2
WE HAVE DATA THAT SPECIFIC TO
01:08:36.245 --> 01:08:39.816 region:rollup2
PARTICULAR CARRIERS BUT WE DON'T
01:08:38.281 --> 01:08:42.051 region:rollup2
WE HAVE A COLLECTED IN ONE PLACE
01:08:39.816 --> 01:08:42.986 region:rollup2
ALL THE DATA FOR A GIVEN YEAR.
01:08:42.051 --> 01:08:44.754 region:rollup2
THAT WOULD LET US HAVE A
01:08:42.986 --> 01:08:46.089 region:rollup2
COMPLETE PICTURE AND THAT WE
01:08:44.754 --> 01:08:47.357 region:rollup2
COULD THEN USE AND FRANKLY THE
01:08:46.089 --> 01:08:48.658 region:rollup2
CARRIERS COULD USE TO DO AND I
01:08:47.357 --> 01:08:49.792 region:rollup2
AND I SUSPECT I MEAN THE BENEFIT
01:08:48.658 --> 01:08:50.960 region:rollup2
OF THIS TO THE CARRIAGE FRANKLY
01:08:49.792 --> 01:08:52.128 region:rollup2
IS FOR THOSE CARRIERS THAT ARE A
01:08:50.960 --> 01:08:53.496 region:rollup2
LITTLE BIT NERVOUS ABOUT WRITING
01:08:52.128 --> 01:08:55.131 region:rollup2
MORE HIGH. RISK FIRES BECAUSE IN
01:08:53.496 --> 01:08:58.101 region:rollup2
A LOT EXPERIENCE THERE THIS DATA
01:08:55.131 --> 01:08:58.835 region:rollup2
SAID COULD PROVIDE MORE COMFORT
01:08:58.101 --> 01:09:00.503 region:rollup2
TO SOME OF THEM.
01:08:58.835 --> 01:09:01.871 region:rollup2
WERE LEASE FOR COMFORT WITH
01:09:00.503 --> 01:09:04.507 region:rollup2
REGARD TO WHAT THE APPROPRIATE
01:09:01.871 --> 01:09:05.408 region:rollup2
PRICING IS TO ENABLE THEM TO
01:09:04.507 --> 01:09:06.509 region:rollup2
WRITE IN THOSE AREAS.
01:09:05.408 --> 01:09:07.410 region:rollup2
THANK YOU THANK YOU VERY MUCH
01:09:06.509 --> 01:09:07.977 region:rollup2
THANK YOU THANK YOU VERY MUCH I
01:09:07.410 --> 01:09:09.479 region:rollup2
KNOW THERE'S PROBABLY A LOT
01:09:07.977 --> 01:09:11.681 region:rollup2
MORE.
01:09:09.479 --> 01:09:14.684 region:rollup2
WE WILL COVER SOME OF THE.
01:09:11.681 --> 01:09:16.219 region:rollup2
ISSUES THAT HAVE BEEN RAISED IN
01:09:14.684 --> 01:09:17.987 region:rollup2
SOME OF THE SUBSEQUENT.
01:09:16.219 --> 01:09:20.156 region:rollup2
CANDLES AND I JUST WANT TO AGAIN
01:09:17.987 --> 01:09:22.058 region:rollup2
THANK YOU COMMISSIONER AND STAFF
01:09:20.156 --> 01:09:23.493 region:rollup2
AND. LOW CAL FIRE.
01:09:22.058 --> 01:09:25.528 region:rollup2
.
01:09:23.493 --> 01:09:26.629 region:rollup2
WE REALLY ARE ASKING A LOT OF
01:09:25.528 --> 01:09:28.064 region:rollup2
FEW BUT THE PEOPLE CALIFORNIA
01:09:26.629 --> 01:09:29.766 region:rollup2
DESERVE
01:09:28.064 --> 01:09:31.868 region:rollup2
BECAUSE THEY DESERVE IT AND THE
01:09:29.766 --> 01:09:33.669 region:rollup2
ANSWERS AND AND IMPROVEMENTS
01:09:31.868 --> 01:09:34.871 region:rollup2
GOING FORWARD SO PRE SHAVE YOUR
01:09:33.669 --> 01:09:36.806 region:rollup2
TIME AND YOUR THINKING THAT HERE
01:09:34.871 --> 01:09:40.576 region:rollup2
LEADERSHIP THANK YOU THANKS A
01:09:36.806 --> 01:09:41.911 region:rollup2
LOT. THANK YOU.
01:09:40.576 --> 01:09:43.546 region:rollup2
NEXT WE'RE GOING TO BRING UP A
01:09:41.911 --> 01:09:44.781 region:rollup2
WHAT WE'RE CALLING VIEW FROM THE
01:09:43.546 --> 01:09:46.416 region:rollup2
FRONT LINES SOME OF THE LOCAL
01:09:44.781 --> 01:09:49.585 region:rollup2
COMMUNITIES TO TALK ABOUT THEIR
01:09:46.416 --> 01:09:51.120 region:rollup2
EXPERIENCE STACI HEATON. A RURAL
01:09:49.585 --> 01:09:53.256 region:rollup2
COUNTY REPRESENTATIVES OF
01:09:51.120 --> 01:09:54.624 region:rollup2
CALIFORNIA FEUD COME FORWARD
01:09:53.256 --> 01:09:56.325 region:rollup2
JEFF CARMEN.
01:09:54.624 --> 01:09:58.561 region:rollup2
FIRE CHIEF FOR CONTRA COSTA
01:09:56.325 --> 01:10:02.165 region:rollup2
COUNTY FIRE PROTECTION DISTRICT
01:09:58.561 --> 01:10:03.299 region:rollup2
AND DAN WAVED OF UNITED POLICY
01:10:02.165 --> 01:10:05.134 region:rollup2
HOLDERS IF YOU COULD.
01:10:03.299 --> 01:10:06.969 region:rollup2
COME FORWARD AND.
01:10:05.134 --> 01:10:08.571 region:rollup2
I AM ACTUALLY GOING TO TRY WITH
01:10:06.969 --> 01:10:09.539 region:rollup2
A STRAIGHT FACE TO ASK YOU TO
01:10:08.571 --> 01:10:11.040 region:rollup2
KEEP YOUR COMMENTS TO FIVE
01:10:09.539 --> 01:10:12.708 region:rollup2
MINUTES EACH.
01:10:11.040 --> 01:10:14.811 region:rollup2
LETS SEE WHAT WE CAN ACCOMPLISH
01:10:12.708 --> 01:10:16.612 region:rollup2
HERE A IN THAT. AMOUNT OF TIME
01:10:14.811 --> 01:10:18.648 region:rollup2
THEY WILL OPEN IT UP FOR SOME
01:10:16.612 --> 01:10:20.583 region:rollup2
QUESTIONS.
01:10:18.648 --> 01:10:21.184 region:rollup2
SHOULD WE START WITH THE STATE'S
01:10:20.583 --> 01:10:23.052 region:rollup2
HEATON.
01:10:21.184 --> 01:10:24.887 region:rollup2
AFTERNOON.
01:10:23.052 --> 01:10:26.055 region:rollup2
AFTERNOON AND THAT I WANT TO
01:10:24.887 --> 01:10:28.958 region:rollup2
THANK BOTH THE TEARS FOR THE
01:10:26.055 --> 01:10:31.060 region:rollup2
INVITATION TODAY APPRECIATE IT.
01:10:28.958 --> 01:10:32.862 region:rollup2
I AM STACEY HEATON WITH THE
01:10:31.060 --> 01:10:34.230 region:rollup2
MIAMI. I SHOULD BE ON A TRY TO
01:10:32.862 --> 01:10:35.598 region:rollup2
TALK A LITTLE LOUDER.
01:10:34.230 --> 01:10:37.767 region:rollup2
I AND STACEY HE IN WITH THE
01:10:35.598 --> 01:10:39.836 region:rollup2
RURAL COUNTY REPRESENTATIVES OF
01:10:37.767 --> 01:10:41.337 region:rollup2
CALIFORNIA RC RC WE REPRESENT
01:10:39.836 --> 01:10:42.672 region:rollup2
THIRTY FIVE RURAL COUNTIES
01:10:41.337 --> 01:10:45.608 region:rollup2
STATEWIDE.
01:10:42.672 --> 01:10:47.143 region:rollup2
WE ALSO REPRESENT EIGHT OF THE
01:10:45.608 --> 01:10:48.578 region:rollup2
TEN HIGH HAZARD COUNTIES FOR
01:10:47.143 --> 01:10:50.012 region:rollup2
TREEMORTALITY THERE ARE
01:10:48.578 --> 01:10:51.013 region:rollup2
INVOLVED IN THE TO MORTALITY
01:10:50.012 --> 01:10:53.249 region:rollup2
TASK FORCE.
01:10:51.013 --> 01:10:55.284 region:rollup2
WE'VE ALSO KIND OF ADOPTED KERN
01:10:53.249 --> 01:10:56.185 region:rollup2
AND FRESNO IN THE PROCESS EVEN
01:10:55.284 --> 01:10:57.887 region:rollup2
THOUGH THEY'RE NOT MEMBERS OF
01:10:56.185 --> 01:10:59.355 region:rollup2
HIS HERE SEE BECAUSE WE WORK SO
01:10:57.887 --> 01:11:01.457 region:rollup2
CLOSELY WITH THEM ON THE ATTY
01:10:59.355 --> 01:11:02.258 region:rollup2
MTF. AND I'M RCR SEES
01:11:01.457 --> 01:11:04.193 region:rollup2
REPRESENTATIVE ON THE TO
01:11:02.258 --> 01:11:05.428 region:rollup2
MORTALITY TASK FORCE AS WELL AS
01:11:04.193 --> 01:11:07.263 region:rollup2
ON THE FORCE CLIMATE ACTION
01:11:05.428 --> 01:11:09.198 region:rollup2
TEAMS SO. THAT WERE PRETTY
01:11:07.263 --> 01:11:11.234 region:rollup2
INVOLVED IN SOME OF THESE ISSUES
01:11:09.198 --> 01:11:12.869 region:rollup2
RC RC CONTAINS A LOT OF
01:11:11.234 --> 01:11:14.070 region:rollup2
CALIFORNIA'S FORESTED LANDS
01:11:12.869 --> 01:11:16.873 region:rollup2
INCLUDING MORE THAN SEVENTY
01:11:14.070 --> 01:11:18.474 region:rollup2
PERCENT OF. AT THE STATE'S
01:11:16.873 --> 01:11:19.609 region:rollup2
NATIONAL FOREST LANDS SO AS YOU
01:11:18.474 --> 01:11:22.078 region:rollup2
MIGHT GUESS WE'VE DEALT WITH A
01:11:19.609 --> 01:11:23.446 region:rollup2
LOT OF WILD FIRE ISSUES AND.
01:11:22.078 --> 01:11:25.982 region:rollup2
THE RECENT PAST.
01:11:23.446 --> 01:11:28.551 region:rollup2
NO THE RIM FIRE THE KING FIRE
01:11:25.982 --> 01:11:29.819 region:rollup2
THE VALLEY FIRE THE BUTTE FIRE I
01:11:28.551 --> 01:11:31.788 region:rollup2
COULD GO ON BUT YOU PROBABLY
01:11:29.819 --> 01:11:35.258 region:rollup2
WOULD PREFER THAT I NOT.
01:11:31.788 --> 01:11:37.426 region:rollup2
SO THESE TYPES OF ISSUES WITH
01:11:35.258 --> 01:11:40.096 region:rollup2
INSURANCE POLICIES CANCELLATIONS
01:11:37.426 --> 01:11:41.197 region:rollup2
ON RENEWALS ARE NOT EXACTLY NEW.
01:11:40.096 --> 01:11:43.199 region:rollup2
TO OUR.
01:11:41.197 --> 01:11:45.034 region:rollup2
MEMBERSHIP AND WE'VE BEEN
01:11:43.199 --> 01:11:45.635 region:rollup2
HEARING ABOUT THEM FOR YOU KNOW
01:11:45.034 --> 01:11:48.204 region:rollup2
THEN THE BETTER PART OF THIS
01:11:45.635 --> 01:11:50.506 region:rollup2
DECADE. BUT AS THE TRUE
01:11:48.204 --> 01:11:52.675 region:rollup2
MORTALITY EMERGENCY CAME AND GOT
01:11:50.506 --> 01:11:54.043 region:rollup2
MORE SERIOUS WE STARTED HEARING
01:11:52.675 --> 01:11:56.045 region:rollup2
ABOUT THE MORE FREQUENTLY.
01:11:54.043 --> 01:11:57.847 region:rollup2
ESPECIALLY DOWN IN THE CENTRAL
01:11:56.045 --> 01:12:00.149 region:rollup2
AND SOUTHERN SIERRA US AND SO.
01:11:57.847 --> 01:12:02.385 region:rollup2
IN THE TASK FORCE OF AFFORDED US
01:12:00.149 --> 01:12:04.820 region:rollup2
AS A MATTHEW REISMAN ALLUDED TO
01:12:02.385 --> 01:12:05.621 region:rollup2
A VERY GOOD OPPORTUNITY SERVE
01:12:04.820 --> 01:12:07.623 region:rollup2
DIG DOWN INTO THIS ISSUE.
01:12:05.621 --> 01:12:10.493 region:rollup2
NOW A COUPLE THINGS I WANTED TO
01:12:07.623 --> 01:12:12.695 region:rollup2
US FROM THE COUNTY PERSPECTIVES.
01:12:10.493 --> 01:12:13.996 region:rollup2
ARE TWO THINGS IN MIND BEING A
01:12:12.695 --> 01:12:15.932 region:rollup2
THE FIRST BEING THE WORD
01:12:13.996 --> 01:12:16.499 region:rollup2
AFFORDABILITY WHICH IS SOMETHING
01:12:15.932 --> 01:12:17.533 region:rollup2
THAT WE HAVEN'T TALKED ABOUT
01:12:16.499 --> 01:12:20.469 region:rollup2
YET.
01:12:17.533 --> 01:12:22.738 region:rollup2
IF YOU LOOK AT APPENDIX C..
01:12:20.469 --> 01:12:23.806 region:rollup2
FOR THE UC COMMISSIONER'S
01:12:22.738 --> 01:12:25.107 region:rollup2
REPORT WHICH WE VERY MUCH
01:12:23.806 --> 01:12:26.576 region:rollup2
APPRECIATE APPRECIATE THE
01:12:25.107 --> 01:12:28.811 region:rollup2
DEPARTMENT OF INSURANCE'S
01:12:26.576 --> 01:12:30.513 region:rollup2
INVOLVEMENT WITH THE COUNTIES ON
01:12:28.811 --> 01:12:31.981 region:rollup2
THE TASK FORCE.
01:12:30.513 --> 01:12:34.684 region:rollup2
YOU'LL SEE THAT BY ALL THE
01:12:31.981 --> 01:12:36.886 region:rollup2
COUNTIES THAT ARE LISTED IN THE
01:12:34.684 --> 01:12:39.855 region:rollup2
WITH DWELLINGS IN THE.
01:12:36.886 --> 01:12:41.123 region:rollup2
VERY HIGH. FIRE RISK ZONES ADD
01:12:39.855 --> 01:12:42.892 region:rollup2
THAT HAVE THIRTY THREE PERCENT
01:12:41.123 --> 01:12:44.594 region:rollup2
OF THEIR HOMES.
01:12:42.892 --> 01:12:46.095 region:rollup2
IN THOSE ZONES ARE MORE.
01:12:44.594 --> 01:12:47.763 region:rollup2
ARE ALL OUR SHARES THE MEMBER
01:12:46.095 --> 01:12:51.167 region:rollup2
COUNTIES. AND IF YOU LOOK AT
01:12:47.763 --> 01:12:53.169 region:rollup2
THOSE COUNTIES THERE ALSO ALL.
01:12:51.167 --> 01:12:53.836 region:rollup2
LARGELY LOW INCOME COMMUNITY
01:12:53.169 --> 01:12:56.439 region:rollup2
COUNTIES.
01:12:53.836 --> 01:12:58.040 region:rollup2
IF YOU GO BY THE DEFINITION
01:12:56.439 --> 01:12:59.308 region:rollup2
UNDER AB FIFTEEN FIFTY THOSE
01:12:58.040 --> 01:13:00.710 region:rollup2
COUNTIES HAVE VERY LARGE SWATHS
01:12:59.308 --> 01:13:03.546 region:rollup2
OF LOW INCOME COMMUNITIES
01:13:00.710 --> 01:13:06.148 region:rollup2
COUNTIES LIKE TRINITY AND LAKE
01:13:03.546 --> 01:13:07.416 region:rollup2
AND SIERRA AND. CAN YOU MONO AND
01:13:06.148 --> 01:13:10.519 region:rollup2
MARIPOSA.
01:13:07.416 --> 01:13:11.587 region:rollup2
AND SO WHEN YOU HAVE A HOMEOWNER
01:13:10.519 --> 01:13:13.222 region:rollup2
THAT'S BEING COUNSELOR NON
01:13:11.587 --> 01:13:14.490 region:rollup2
RENEWED AND THEY'RE GOING OUT
01:13:13.222 --> 01:13:15.591 region:rollup2
LOOKING FOR THEIR COVERAGE.
01:13:14.490 --> 01:13:17.860 region:rollup2
AND THEIR HAVING TO GO TO A
01:13:15.591 --> 01:13:18.394 region:rollup2
POLICY THAT IS UP TO TWICE AS
01:13:17.860 --> 01:13:18.694 region:rollup2
MUCH AS WHAT THEY'VE BEEN
01:13:18.394 --> 01:13:19.962 region:rollup2
PAYING.
01:13:18.694 --> 01:13:22.098 region:rollup2
.
01:13:19.962 --> 01:13:22.765 region:rollup2
IT'S COVERAGE.
01:13:22.098 --> 01:13:25.735 region:rollup2
BUT IS IT AFFORDABLE AND
01:13:22.765 --> 01:13:28.571 region:rollup2
SUSTAINABLE NO PROBABLY NOT.
01:13:25.735 --> 01:13:30.873 region:rollup2
AND SO IT'S ALSO NOT JUST AN
01:13:28.571 --> 01:13:32.808 region:rollup2
ISSUE OUT IN THE STICKS AS WE
01:13:30.873 --> 01:13:34.677 region:rollup2
MIGHT THINK ABOUT WHERE THE FIRE
01:13:32.808 --> 01:13:37.213 region:rollup2
RISK AREAS ARE. WE'VE BEEN
01:13:34.677 --> 01:13:38.914 region:rollup2
SEEING HOMEOWNERS IN PLACES LIKE
01:13:37.213 --> 01:13:41.150 region:rollup2
AUBURN WHERE THEY ARE WITHIN A
01:13:38.914 --> 01:13:41.751 region:rollup2
MILE OR TWO OF A FIRE STATION
01:13:41.150 --> 01:13:42.485 region:rollup2
ACROSS THE STREET FROM A FIRE
01:13:41.751 --> 01:13:44.186 region:rollup2
HYDRANT.
01:13:42.485 --> 01:13:45.721 region:rollup2
I GET CANCELED A NON RENEWED
01:13:44.186 --> 01:13:47.056 region:rollup2
BECAUSE THEY'RE IN HIGH FIRE
01:13:45.721 --> 01:13:49.725 region:rollup2
RISK AREA.
01:13:47.056 --> 01:13:51.494 region:rollup2
SO IT NEEDS ARE NOT THESE ARE
01:13:49.725 --> 01:13:52.928 region:rollup2
BECOMING MORE COMMON ITS NOT
01:13:51.494 --> 01:13:55.031 region:rollup2
UNIQUE TO THOSE FOLKS OUT IN THE
01:13:52.928 --> 01:13:56.565 region:rollup2
REMOTE AREAS. AND AS WE SEE THE
01:13:55.031 --> 01:13:58.467 region:rollup2
SORTS OF HIGH SEVERITY
01:13:56.565 --> 01:14:00.469 region:rollup2
CATASTROPHIC.
01:13:58.467 --> 01:14:02.204 region:rollup2
DAMAGING WILDFIRES EXPAND OUT
01:14:00.469 --> 01:14:04.407 region:rollup2
INTO AREAS SUCH AS SENATOR
01:14:02.204 --> 01:14:06.809 region:rollup2
JACKSON'S DISTRICT.
01:14:04.407 --> 01:14:08.344 region:rollup2
WE FEAR THE EXPANSION OF THE
01:14:06.809 --> 01:14:10.313 region:rollup2
CANCELLATIONS ARE NOT RENTALS.
01:14:08.344 --> 01:14:11.847 region:rollup2
AND SO WELL AFFORDABILITY IS A
01:14:10.313 --> 01:14:12.949 region:rollup2
GREAT CONCERN WE ALSO HAVE ONE
01:14:11.847 --> 01:14:14.450 region:rollup2
OTHER GREAT CONCERN AT THE
01:14:12.949 --> 01:14:15.518 region:rollup2
COUNTY LEVEL.
01:14:14.450 --> 01:14:17.586 region:rollup2
AND THAT BEING.
01:14:15.518 --> 01:14:18.988 region:rollup2
OR THE.
01:14:17.586 --> 01:14:21.057 region:rollup2
THAT CONCERN OF PEOPLE BEING
01:14:18.988 --> 01:14:23.059 region:rollup2
ABLE TO. HAVE THE VALUE OF THEIR
01:14:21.057 --> 01:14:24.327 region:rollup2
HOMES HOMES THAT CAN GET
01:14:23.059 --> 01:14:25.828 region:rollup2
INSURANCE COVERAGE BECOME A LOT
01:14:24.327 --> 01:14:27.330 region:rollup2
LESS VALUABLE.
01:14:25.828 --> 01:14:29.131 region:rollup2
AND AS OUR HOME VALUES DROPPED
01:14:27.330 --> 01:14:32.468 region:rollup2
IN OUR RURAL COUNTIES.
01:14:29.131 --> 01:14:34.837 region:rollup2
IT. TAKES DOWN OUR OUR TAXATION.
01:14:32.468 --> 01:14:37.039 region:rollup2
ABILITY AS WELL AND SO CAN WE
01:14:34.837 --> 01:14:39.709 region:rollup2
PROVIDE SERVICES AT A LEVEL THAT
01:14:37.039 --> 01:14:40.910 region:rollup2
OUR. CONSTITUENTS ARE USED TO IF
01:14:39.709 --> 01:14:42.078 region:rollup2
WE ARE FOR PROPERTY TAXES GO
01:14:40.910 --> 01:14:44.046 region:rollup2
DOWN.
01:14:42.078 --> 01:14:45.648 region:rollup2
THAT WE CAN COLLECT SO THAT IS A
01:14:44.046 --> 01:14:47.383 region:rollup2
GREAT CONCERN FOR OUR MEMBER
01:14:45.648 --> 01:14:48.818 region:rollup2
COUNTIES AS WELL I THINK SHOULD
01:14:47.383 --> 01:14:50.986 region:rollup2
BE FOR COUNTIES ALL OVER THE
01:14:48.818 --> 01:14:53.255 region:rollup2
STATE THAT ARE GOING TO BE. AT
01:14:50.986 --> 01:14:56.025 region:rollup2
DEALING WITH THIS PROBLEM SO.
01:14:53.255 --> 01:14:57.093 region:rollup2
WE ARE VERY SUPPORTIVE AND I I
01:14:56.025 --> 01:14:58.361 region:rollup2
DON'T HAVE TO TALK TO MUCH ABOUT
01:14:57.093 --> 01:15:00.529 region:rollup2
THE TIERED RISK
01:14:58.361 --> 01:15:02.431 region:rollup2
MODEL BECAUSE MATTHEW COVERED
01:15:00.529 --> 01:15:04.333 region:rollup2
MOST VETS SO. HE DID MY JOB FOR
01:15:02.431 --> 01:15:05.801 region:rollup2
ME BUT ARE COUNTIES WERE VERY
01:15:04.333 --> 01:15:07.636 region:rollup2
INVOLVED IN DEVELOPING NOT RISK
01:15:05.801 --> 01:15:08.604 region:rollup2
MODEL WITH A CALIFORNIA THROUGH
01:15:07.636 --> 01:15:10.506 region:rollup2
THAT PROCESS AND WITH THE
01:15:08.604 --> 01:15:11.774 region:rollup2
INSURANCE INDUSTRY WE. WE ALL
01:15:10.506 --> 01:15:13.542 region:rollup2
WORK TOGETHER AND HELD HANDS AND
01:15:11.774 --> 01:15:14.777 region:rollup2
AND WHERE DEVELOPING THAT DRAFT
01:15:13.542 --> 01:15:16.312 region:rollup2
WE'RE VERY SUPPORTIVE OF
01:15:14.777 --> 01:15:17.713 region:rollup2
DEVELOPING A TIERED RISK
01:15:16.312 --> 01:15:19.548 region:rollup2
MANAGEMENT MODEL FOR HOMEOWNERS.
01:15:17.713 --> 01:15:20.383 region:rollup2
THESE HOMEOWNERS THAT ARE BEING
01:15:19.548 --> 01:15:22.151 region:rollup2
CANCELED A NON RENEWED THEY'RE
01:15:20.383 --> 01:15:23.119 region:rollup2
NOT OUT THERE NOT DOING THEIR
01:15:22.151 --> 01:15:24.353 region:rollup2
DEFENSIBLE SPACE ARE NOT FIRE
01:15:23.119 --> 01:15:25.554 region:rollup2
HURTING THEIR HOMES SOME OF THEM
01:15:24.353 --> 01:15:27.056 region:rollup2
ARE WORKING VERY HARD TO MAKE
01:15:25.554 --> 01:15:27.923 region:rollup2
SURE THAT THEIR HOMES.
01:15:27.056 --> 01:15:29.458 region:rollup2
OUR FIRE HARDENED IN ARE
01:15:27.923 --> 01:15:32.361 region:rollup2
PROTECTED FROM WILDFIRE.
01:15:29.458 --> 01:15:34.096 region:rollup2
SO IF WE'D LOVE TO SEE A
01:15:32.361 --> 01:15:35.898 region:rollup2
TERRORIST MANAGEMENT SYSTEM PUT
01:15:34.096 --> 01:15:37.466 region:rollup2
IN PLACE FOR HOMEOWNERS TO GET
01:15:35.898 --> 01:15:39.969 region:rollup2
INSURANCE DISCOUNTS THAT WAY.
01:15:37.466 --> 01:15:41.737 region:rollup2
AND WE ARE ALSO VERY SUPPORTIVE
01:15:39.969 --> 01:15:43.139 region:rollup2
OF MANY OF THE INSURANCE
01:15:41.737 --> 01:15:44.807 region:rollup2
COMMISSIONER'S RECOMMENDATIONS
01:15:43.139 --> 01:15:47.777 region:rollup2
THAT HE LAID OUT IN DURING HIS
01:15:44.807 --> 01:15:48.978 region:rollup2
TESTIMONY. AND WE WOULD LOVE TO
01:15:47.777 --> 01:15:50.079 region:rollup2
CONTINUE BEING HELPFUL CONTINUE
01:15:48.978 --> 01:15:51.380 region:rollup2
TO WORK WITH BOTH OF THESE
01:15:50.079 --> 01:15:53.015 region:rollup2
COMMITTEES ON THIS AS WE GO
01:15:51.380 --> 01:15:53.983 region:rollup2
FORWARD AND THE INSURANCE
01:15:53.015 --> 01:15:55.384 region:rollup2
INDUSTRY AS WELL.
01:15:53.983 --> 01:15:56.986 region:rollup2
ARE COUNTIES WANT TO BE HELPFUL
01:15:55.384 --> 01:15:59.688 region:rollup2
WOULD LIKE TO SOLVE THIS PROBLEM
01:15:56.986 --> 01:16:01.056 region:rollup2
AND. CONTINUE WORKING TOGETHER.
01:15:59.688 --> 01:16:01.757 region:rollup2
THANK YOU VERY MUCH I'M SURE
01:16:01.056 --> 01:16:04.393 region:rollup2
WE'LL HAVE SOME QUESTIONS FOR
01:16:01.757 --> 01:16:06.429 region:rollup2
YOU OUT LET'S NOW GO TO A JEFF
01:16:04.393 --> 01:16:09.065 region:rollup2
CARMEN FIRE CHIEF OF CONTRA
01:16:06.429 --> 01:16:10.433 region:rollup2
COSTA COUNTY FIRE PROTECTION
01:16:09.065 --> 01:16:12.001 region:rollup2
DISTRICT GOOD AFTERNOON SIR.
01:16:10.433 --> 01:16:13.335 region:rollup2
GOOD AFTERNOON SENATORS. I THANK
01:16:12.001 --> 01:16:14.537 region:rollup2
YOU FOR HAVING ME HERE I'M I'M
01:16:13.335 --> 01:16:15.004 region:rollup2
HERE TODAY TO TALK A LITTLE BIT
01:16:14.537 --> 01:16:16.505 region:rollup2
ABOUT.
01:16:15.004 --> 01:16:17.907 region:rollup2
FROM OUR PERSPECTIVE THE LOCAL
01:16:16.505 --> 01:16:19.775 region:rollup2
FIRE GOVERNMENT'S PERSPECTIVE ON
01:16:17.907 --> 01:16:22.344 region:rollup2
HOW WE CAN REDUCE PROPERTY LOSS
01:16:19.775 --> 01:16:23.446 region:rollup2
AND AND AND ALSO LIFE LOST. IT
01:16:22.344 --> 01:16:24.513 region:rollup2
ONE THING WE'VE NOTICED OVER THE
01:16:23.446 --> 01:16:26.615 region:rollup2
LAST SEVERAL YEARS IS THE
01:16:24.513 --> 01:16:28.017 region:rollup2
FEROCITY OF THESE FIRES THAT
01:16:26.615 --> 01:16:29.518 region:rollup2
WE'RE EXPERIENCING A WHETHER YOU
01:16:28.017 --> 01:16:31.554 region:rollup2
THINK IT'S THE NEW NORMAL NOT.
01:16:29.518 --> 01:16:32.922 region:rollup2
WE CONTINUE TO USE A WORD YEAR
01:16:31.554 --> 01:16:35.091 region:rollup2
AFTER YEAR THAT LIKE
01:16:32.922 --> 01:16:37.193 region:rollup2
UNPRECEDENTED AND NEVER BEFORE
01:16:35.091 --> 01:16:37.660 region:rollup2
SEEN SPEEDS OF THESE FIRES. AND
01:16:37.193 --> 01:16:40.062 region:rollup2
AND AND.
01:16:37.660 --> 01:16:42.064 region:rollup2
WE BELIEVE IT IS THE NEW NORM
01:16:40.062 --> 01:16:43.132 region:rollup2
AND WE'VE COME TOGETHER AS LOCAL
01:16:42.064 --> 01:16:44.567 region:rollup2
FIRE AGENCIES.
01:16:43.132 --> 01:16:46.402 region:rollup2
LOCAL.
01:16:44.567 --> 01:16:48.070 region:rollup2
LABOR ASSOCIATIONS MANAGEMENT
01:16:46.402 --> 01:16:49.472 region:rollup2
ASSOCIATION'S LEADER CALIFORNIA
01:16:48.070 --> 01:16:50.506 region:rollup2
CITIES TO FORM A COALITION THIS
01:16:49.472 --> 01:16:52.308 region:rollup2
YEAR.
01:16:50.506 --> 01:16:54.043 region:rollup2
TO TALK ABOUT WHAT WE THINK WE
01:16:52.308 --> 01:16:56.979 region:rollup2
CAN DO TO REDUCE THAT PROPERTY
01:16:54.043 --> 01:16:58.814 region:rollup2
AND AND LIFE PLUS WHO OPERATING.
01:16:56.979 --> 01:17:00.483 region:rollup2
AGAINST ALL ODDS RIGHT NOW I
01:16:58.814 --> 01:17:01.817 region:rollup2
WILL SAY THAT MANY FIRE AGENCIES
01:17:00.483 --> 01:17:02.952 region:rollup2
HAVE NOT RECOVERED FROM THE
01:17:01.817 --> 01:17:05.654 region:rollup2
RECESSION.
01:17:02.952 --> 01:17:07.189 region:rollup2
MY MY ORGANIZATION CLOSE SEVEN
01:17:05.654 --> 01:17:08.958 region:rollup2
FIRE COMPANIES IN TWO THOUSAND
01:17:07.189 --> 01:17:10.626 region:rollup2
AND TWELVE AND WE'VE ONLY BEEN
01:17:08.958 --> 01:17:12.361 region:rollup2
ABLE TO OPEN FOR THOSE BACKUPS
01:17:10.626 --> 01:17:14.296 region:rollup2
OR OPERATING LIKE MOST AGENCIES
01:17:12.361 --> 01:17:15.898 region:rollup2
WITH FEWER RESOURCES. COME IN
01:17:14.296 --> 01:17:17.233 region:rollup2
ADDITION TO THAT WE'VE TALKED
01:17:15.898 --> 01:17:19.135 region:rollup2
ABOUT THE SPEED AT WHICH THESE
01:17:17.233 --> 01:17:20.436 region:rollup2
FIRES ARE GROWING SOMETIMES OVER
01:17:19.135 --> 01:17:21.504 region:rollup2
AN ACRE A SECOND.
01:17:20.436 --> 01:17:24.173 region:rollup2
WHICH IS JUST AGAIN
01:17:21.504 --> 01:17:26.175 region:rollup2
UNPRECEDENTED. WE ARE REQUESTING
01:17:24.173 --> 01:17:27.042 region:rollup2
AND NEEDING RESOURCES FASTER
01:17:26.175 --> 01:17:29.345 region:rollup2
THAN EVER.
01:17:27.042 --> 01:17:31.113 region:rollup2
AND WERE OPERATING UNDER A
01:17:29.345 --> 01:17:32.515 region:rollup2
MUTUAL AID SYSTEM THAT IS A
01:17:31.113 --> 01:17:34.183 region:rollup2
MODEL FOR MANY STATES AND
01:17:32.515 --> 01:17:35.918 region:rollup2
NATIONS BUT AS A MATTER FACT IS
01:17:34.183 --> 01:17:38.420 region:rollup2
SIXTY YEARS OLD. AND IT'S A
01:17:35.918 --> 01:17:39.355 region:rollup2
REACTIVE SYSTEM THAT SYSTEM WAS
01:17:38.420 --> 01:17:41.123 region:rollup2
DESIGNED TO GET US.
01:17:39.355 --> 01:17:42.558 region:rollup2
HELP FROM OTHER AGENCIES WITHIN
01:17:41.123 --> 01:17:44.226 region:rollup2
TWELVE TO TWENTY FOUR HOURS AND
01:17:42.558 --> 01:17:45.761 region:rollup2
IT WORKED WEL IN NINETEEN FIFTY
01:17:44.226 --> 01:17:47.062 region:rollup2
ONE WAS DEVELOPED.
01:17:45.761 --> 01:17:48.430 region:rollup2
TODAY.
01:17:47.062 --> 01:17:49.798 region:rollup2
IN THE NORTH BAY FIRES FOR
01:17:48.430 --> 01:17:50.432 region:rollup2
EXAMPLE THE INCIDENT COMMANDER'S
01:17:49.798 --> 01:17:55.871 region:rollup2
THAT ARRIVED TWENTY THIRTY FIFTY
01:17:50.432 --> 01:17:57.740 region:rollup2
STRIKE
01:17:55.871 --> 01:17:59.341 region:rollup2
TEAMS THEY NEEDED IMMEDIATELY.
01:17:57.740 --> 01:18:01.410 region:rollup2
AND AGENCIES LIKE MYSELF WHO HAD
01:17:59.341 --> 01:18:02.745 region:rollup2
RESOURCES AVAILABLE OPERATING
01:18:01.410 --> 01:18:04.079 region:rollup2
UNDER THE SIXTY YEAR OLD SYSTEM
01:18:02.745 --> 01:18:05.014 region:rollup2
IN AN ANTIQUATED RESOURCE
01:18:04.079 --> 01:18:07.383 region:rollup2
ORDERING MODEL.
01:18:05.014 --> 01:18:08.484 region:rollup2
WAITED SIX HOURS TO SEND THE
01:18:07.383 --> 01:18:10.819 region:rollup2
RESOURCES WE HAVE AVAILABLE TO
01:18:08.484 --> 01:18:13.756 region:rollup2
THE NORTH BAY FIRES ABSOLUTELY.
01:18:10.819 --> 01:18:15.090 region:rollup2
OF FOR ME UNACCEPTABLE SO IT IS
01:18:13.756 --> 01:18:15.991 region:rollup2
YOU KNOW WE WE HAVE FORMED A
01:18:15.090 --> 01:18:18.127 region:rollup2
COALITION.
01:18:15.991 --> 01:18:19.461 region:rollup2
STATEWIDE AND WE'D LIKE TO
01:18:18.127 --> 01:18:20.863 region:rollup2
CHANGE THAT SIX YEAR OLD SYSTEM
01:18:19.461 --> 01:18:23.199 region:rollup2
FROM A PROACTIVE MODEL TO A
01:18:20.863 --> 01:18:24.967 region:rollup2
REACTIVE MODEL ARE PREDICTIVE
01:18:23.199 --> 01:18:26.435 region:rollup2
SERVICES IN THE STATE ARE ARE
01:18:24.967 --> 01:18:28.837 region:rollup2
VERY SOPHISTICATED PHENOMENA WE
01:18:26.435 --> 01:18:31.774 region:rollup2
KNOW. FORTY EIGHT SEVENTY TWO
01:18:28.837 --> 01:18:33.008 region:rollup2
HOURS IN ADVANCE WHEN A CLIMATE
01:18:31.774 --> 01:18:34.443 region:rollup2
DRIVEN EVENT IS GOING TO A CURSE
01:18:33.008 --> 01:18:36.178 region:rollup2
SO EVERYTHING FROM FLOODING
01:18:34.443 --> 01:18:37.746 region:rollup2
RAINS MUD SLIDES. AND AND
01:18:36.178 --> 01:18:40.583 region:rollup2
CERTAINLY HOT DRY WINDS WE CALL
01:18:37.746 --> 01:18:43.218 region:rollup2
RED FLAG DAYS AND WE'RE HOPING
01:18:40.583 --> 01:18:44.420 region:rollup2
THAT THE GOVERNOR WILL WILL.
01:18:43.218 --> 01:18:45.120 region:rollup2
ALLOW US ADDITIONAL FUNDING TO
01:18:44.420 --> 01:18:48.390 region:rollup2
THE CALIFORNIA OFFICE OF
01:18:45.120 --> 01:18:48.891 region:rollup2
EMERGENCY SERVICES TO UPDATE OUR
01:18:48.390 --> 01:18:50.226 region:rollup2
SYSTEM TO WHERE WE CAN.
01:18:48.891 --> 01:18:52.127 region:rollup2
PRO ACTIVELY PRE POSITIONED
01:18:50.226 --> 01:18:54.263 region:rollup2
RESOURCES AND THE MOST
01:18:52.127 --> 01:18:56.165 region:rollup2
VULNERABLE AREAS WHEN THOSE
01:18:54.263 --> 01:18:58.334 region:rollup2
CLIMATE DRIVEN EVENTS OCCUR SO
01:18:56.165 --> 01:18:59.935 region:rollup2
INSTEAD OF OF MOBILIZING AND
01:18:58.334 --> 01:19:01.904 region:rollup2
PUTTING TOGETHER THOSE RESOURCES
01:18:59.935 --> 01:19:03.672 region:rollup2
AFTER IT'S DETERMINED THAT WE
01:19:01.904 --> 01:19:05.107 region:rollup2
NEED THAT HELP ON A FIRE. A WILL
01:19:03.672 --> 01:19:06.175 region:rollup2
PUT THOSE RESOURCES TOGETHER
01:19:05.107 --> 01:19:08.143 region:rollup2
WELL IN ADVANCE OF THE CLIMATE
01:19:06.175 --> 01:19:09.845 region:rollup2
DRIVEN EVENTS AND PLACE THOSE IN
01:19:08.143 --> 01:19:10.946 region:rollup2
THOSE VULNERABLE AREAS SO THAT
01:19:09.845 --> 01:19:12.815 region:rollup2
WHEN THE INCIDENT COMMANDER'S
01:19:10.946 --> 01:19:14.450 region:rollup2
NEED THE RESOURCES. THE ORDERS
01:19:12.815 --> 01:19:15.818 region:rollup2
ALREADY BEEN PROCESSED IN THOSE
01:19:14.450 --> 01:19:18.020 region:rollup2
RESOURCES CAN BE DISPATCHED
01:19:15.818 --> 01:19:19.555 region:rollup2
IMMEDIATELY WE THINK IT'S THAT
01:19:18.020 --> 01:19:21.590 region:rollup2
THE BIGGEST CHANGE IN THE MUTUAL
01:19:19.555 --> 01:19:23.058 region:rollup2
AID SYSTEM THAT WE'VE SEEN AND.
01:19:21.590 --> 01:19:26.228 region:rollup2
YEARS OR MORE WERE HOPEFUL THAT
01:19:23.058 --> 01:19:27.162 region:rollup2
BY DOING SO. THAT WILL REDUCE
01:19:26.228 --> 01:19:28.731 region:rollup2
THAT PROPERTY IN LIFE LOS.
01:19:27.162 --> 01:19:30.266 region:rollup2
TWO EXAMPLES OF THIS SYSTEM IN
01:19:28.731 --> 01:19:32.001 region:rollup2
THE NORTH BAY FIRES.
01:19:30.266 --> 01:19:33.836 region:rollup2
THE LOCAL AGENCIES DID NOT HAVE
01:19:32.001 --> 01:19:35.704 region:rollup2
THE FINANCIAL FINANCES TO BE
01:19:33.836 --> 01:19:37.706 region:rollup2
ABLE TO PROACTIVELY PRE
01:19:35.704 --> 01:19:39.108 region:rollup2
POSITIONED RESOURCES AND WE SAW
01:19:37.706 --> 01:19:40.542 region:rollup2
WHAT HAPPENED IN NOTES NORTH BAY
01:19:39.108 --> 01:19:42.611 region:rollup2
FIRES I MENTIONED EARLIER WHERE
01:19:40.542 --> 01:19:44.446 region:rollup2
WE WAITED HOURS TO GET RESOURCES
01:19:42.611 --> 01:19:45.748 region:rollup2
ON SCENE. JEAN FULLER ENDS IN IN
01:19:44.446 --> 01:19:47.516 region:rollup2
VENTURA COUNTY.
01:19:45.748 --> 01:19:50.519 region:rollup2
DOES HAVE THE ABILITY
01:19:47.516 --> 01:19:52.855 region:rollup2
FINANCIALLY AS A CONTRACT AGENCY
01:19:50.519 --> 01:19:54.690 region:rollup2
TO PRE DEPLOY RESOURCES AND HE
01:19:52.855 --> 01:19:56.425 region:rollup2
UP STAFF IS ORGANIZATION. AHEAD
01:19:54.690 --> 01:19:58.227 region:rollup2
OF THE THOMAS FIRE BY EIGHTY
01:19:56.425 --> 01:20:00.262 region:rollup2
PERCENT AND AND ALTHOUGH THAT
01:19:58.227 --> 01:20:03.132 region:rollup2
FIRE WAS DEVASTATING IT WAS NOT
01:20:00.262 --> 01:20:04.333 region:rollup2
AS DEVASTATING AS THE. NORTH BAY
01:20:03.132 --> 01:20:05.067 region:rollup2
FIRES AND WE WE.
01:20:04.333 --> 01:20:07.202 region:rollup2
PAY A LOT OF THAT.
01:20:05.067 --> 01:20:08.671 region:rollup2
CREDIT TO THE FACT THAT HE HAD
01:20:07.202 --> 01:20:10.939 region:rollup2
THOSE POSITIONS THE I'M SORRY
01:20:08.671 --> 01:20:12.274 region:rollup2
THOSE RESOURCES PRE POSITION AND
01:20:10.939 --> 01:20:13.275 region:rollup2
READY TO GO.
01:20:12.274 --> 01:20:15.044 region:rollup2
WERE THEY ABLE TO PUT OUT THE
01:20:13.275 --> 01:20:16.278 region:rollup2
FIRE IN KNOW BUT THEY WERE ABLE
01:20:15.044 --> 01:20:18.013 region:rollup2
TO MAKE RESCUES MAKE
01:20:16.278 --> 01:20:19.982 region:rollup2
NOTIFICATIONS AHEAD OF THE FIRE
01:20:18.013 --> 01:20:21.383 region:rollup2
AND ALSO TO BE ABLE TO DIRECT
01:20:19.982 --> 01:20:23.285 region:rollup2
REDIRECT THAT FIRE OUT OF
01:20:21.383 --> 01:20:24.853 region:rollup2
POPULATED AREAS. AND KEEP IT
01:20:23.285 --> 01:20:26.755 region:rollup2
INTO THE WILD LAND SO WE HAD
01:20:24.853 --> 01:20:29.024 region:rollup2
LESS PROPERTY LOSS AND LESS LIFE
01:20:26.755 --> 01:20:30.359 region:rollup2
LOST SO. FROM MY PERSPECTIVE
01:20:29.024 --> 01:20:31.794 region:rollup2
WERE HOPING THAT THE GOVERNOR
01:20:30.359 --> 01:20:33.862 region:rollup2
AND AND AND WITHOUT THROUGH THIS
01:20:31.794 --> 01:20:35.064 region:rollup2
COMMITTEE ALSO WILL SEE FIT TO
01:20:33.862 --> 01:20:36.532 region:rollup2
PROVIDE THAT ADDITIONAL FUNDING
01:20:35.064 --> 01:20:37.933 region:rollup2
TO THE OFFICE OF EMERGENCY
01:20:36.532 --> 01:20:39.334 region:rollup2
SERVICES TO ALLOW US TO PRE
01:20:37.933 --> 01:20:40.703 region:rollup2
POSITION THOSE RESOURCES. THANK
01:20:39.334 --> 01:20:42.204 region:rollup2
YOU.
01:20:40.703 --> 01:20:43.639 region:rollup2
THANK YOU I MIGHT ALSO ADD I
01:20:42.204 --> 01:20:45.541 region:rollup2
LEARNED VERY RECENTLY THAT
01:20:43.639 --> 01:20:47.643 region:rollup2
BECAUSE OF PRE POSITIONING.
01:20:45.541 --> 01:20:49.011 region:rollup2
BEFORE THE MONTICELLO MUDSLIDES
01:20:47.643 --> 01:20:50.145 region:rollup2
THEY WERE ABLE TO RESCUE.
01:20:49.011 --> 01:20:51.847 region:rollup2
THREE O'CLOCK IN THE MORNING
01:20:50.145 --> 01:20:53.582 region:rollup2
ABOUT EIGHT HUNDRED PEOPLE WHO
01:20:51.847 --> 01:20:54.583 region:rollup2
OTHERWISE MIGHT HAVE.
01:20:53.582 --> 01:20:56.151 region:rollup2
BEEN SERIOUSLY INJURED OR
01:20:54.583 --> 01:20:57.820 region:rollup2
PERISHED.
01:20:56.151 --> 01:20:59.688 region:rollup2
BUT THAT PRE POSITIONING SAVED
01:20:57.820 --> 01:21:01.223 region:rollup2
THE LIVES OF MANY OF THOSE
01:20:59.688 --> 01:21:01.623 region:rollup2
PEOPLE SO THANK YOU FOR THAT.
01:21:01.223 --> 01:21:04.360 region:rollup2
ALRIGHT.
01:21:01.623 --> 01:21:05.828 region:rollup2
WE HAVE DAN WADE UNITED POLICY
01:21:04.360 --> 01:21:07.229 region:rollup2
HOLDERS GOOD AFTERNOON SIR.
01:21:05.828 --> 01:21:08.731 region:rollup2
GOOD AFTERNOON MY NAME IS DAN
01:21:07.229 --> 01:21:09.965 region:rollup2
WADE AND I'M HERE REPRESENTING
01:21:08.731 --> 01:21:11.900 region:rollup2
UNITED POLICYHOLDERS OR YOU P.
01:21:09.965 --> 01:21:13.135 region:rollup2
FOR SHORT.
01:21:11.900 --> 01:21:14.303 region:rollup2
EPA IS A NONPROFIT CONSUMER
01:21:13.135 --> 01:21:15.504 region:rollup2
EDUCATION AND ADVOCACY
01:21:14.303 --> 01:21:17.139 region:rollup2
ORGANIZATION THAT HAS BEEN
01:21:15.504 --> 01:21:18.741 region:rollup2
HELPING DISASTER SURVIVORS
01:21:17.139 --> 01:21:20.209 region:rollup2
NAVIGATE FAIR CLAIM SETTLEMENTS
01:21:18.741 --> 01:21:21.243 region:rollup2
AND WORKING TO SOLVE. INSURANCE
01:21:20.209 --> 01:21:23.045 region:rollup2
MARKET PROBLEM SINCE THE
01:21:21.243 --> 01:21:24.213 region:rollup2
NINETEEN NINETY ONE OAKLAND
01:21:23.045 --> 01:21:25.514 region:rollup2
HILLS FIRE STORM.
01:21:24.213 --> 01:21:26.782 region:rollup2
KEEPING HOME INSURANCE AVAILABLE
01:21:25.514 --> 01:21:27.750 region:rollup2
AND AFFORDABLE IS AND WILL
01:21:26.782 --> 01:21:29.251 region:rollup2
ALWAYS BE A HIGH PRIORITY FOR U.
01:21:27.750 --> 01:21:32.020 region:rollup2
P..
01:21:29.251 --> 01:21:34.523 region:rollup2
WE PUBLISH INSURANCE SHOPPING.
01:21:32.020 --> 01:21:36.291 region:rollup2
GUIDANCE ONLINE. AND IN PRINT.
01:21:34.523 --> 01:21:37.593 region:rollup2
GENERALLY SPEAKING. CLIMATE
01:21:36.291 --> 01:21:38.594 region:rollup2
CHANGE DROUGHT AND FIRE
01:21:37.593 --> 01:21:40.462 region:rollup2
CONDITIONS ARE REDUCING
01:21:38.594 --> 01:21:41.797 region:rollup2
COMPETITION OPTIONS AND
01:21:40.462 --> 01:21:42.798 region:rollup2
AFFORDABILITY AND A GROWING
01:21:41.797 --> 01:21:43.966 region:rollup2
NUMBER OF REGIONS THROUGHOUT THE
01:21:42.798 --> 01:21:45.200 region:rollup2
STATE OF CALIFORNIA.
01:21:43.966 --> 01:21:46.468 region:rollup2
IT SEEMS QUITE CLEAR THAT
01:21:45.200 --> 01:21:47.903 region:rollup2
LEGITIMATE CONCERNS OVER THESE
01:21:46.468 --> 01:21:49.571 region:rollup2
PHENOMENA ARE BEING INFLATED BY
01:21:47.903 --> 01:21:51.507 region:rollup2
INSURERS OVERRELIANCE ON
01:21:49.571 --> 01:21:53.242 region:rollup2
PREDICTIVE ANALYTICS OVER
01:21:51.507 --> 01:21:54.610 region:rollup2
TRADITIONAL UNDERWRITING. WE
01:21:53.242 --> 01:21:56.011 region:rollup2
DON'T KNOW THE EXTENT OF HOW
01:21:54.610 --> 01:21:56.979 region:rollup2
THESE REDUCTIONS ARE IMPACTING
01:21:56.011 --> 01:21:58.247 region:rollup2
PROPERTY OWNERS IN THEIR
01:21:56.979 --> 01:22:00.115 region:rollup2
COMMUNITIES AND WE DON'T KNOW
01:21:58.247 --> 01:22:01.617 region:rollup2
WHETHER INCREASES. AND NOT
01:22:00.115 --> 01:22:03.185 region:rollup2
ADMITTED INSURERS MARKET SHARES
01:22:01.617 --> 01:22:04.987 region:rollup2
BECAUSE OF FOR CNCERN GIVEN
01:22:03.185 --> 01:22:06.221 region:rollup2
THEIR FORMS ARE AREN'T REGULATED
01:22:04.987 --> 01:22:08.023 region:rollup2
IN THEIR POLICY HOLDERS DON'T
01:22:06.221 --> 01:22:09.725 region:rollup2
HAVE INSOLVENCY PROTECTION.
01:22:08.023 --> 01:22:11.260 region:rollup2
BUT WE NEED TO KNOW IS. WHICH
01:22:09.725 --> 01:22:12.861 region:rollup2
ENSURES OUR MATERIAL MATERIALLY
01:22:11.260 --> 01:22:13.729 region:rollup2
REDUCING THE NUMBER OF HOMES
01:22:12.861 --> 01:22:15.297 region:rollup2
THEY'RE WILLING TO ENSURE AND
01:22:13.729 --> 01:22:16.665 region:rollup2
WHERE. WHICH INSURERS ARE
01:22:15.297 --> 01:22:17.566 region:rollup2
PICKING UP THESE NON RENEWED
01:22:16.665 --> 01:22:18.567 region:rollup2
HOMES.
01:22:17.566 --> 01:22:19.802 region:rollup2
HOW MANY OF THE INSURERS THAT
01:22:18.567 --> 01:22:21.436 region:rollup2
ARE PICKING UP AN HONOR AND
01:22:19.802 --> 01:22:22.404 region:rollup2
HOMES ARE NOT ADMITTED?
01:22:21.436 --> 01:22:24.506 region:rollup2
WHAT DOES HAPPEN TO THE FAIR
01:22:22.404 --> 01:22:26.542 region:rollup2
PLANTS POLICY COUNT? EXISTING
01:22:24.506 --> 01:22:28.010 region:rollup2
LIKELY TO INCREASE PROFITS THAT
01:22:26.542 --> 01:22:29.344 region:rollup2
WHICH INSURERS HAVE FAR
01:22:28.010 --> 01:22:31.246 region:rollup2
VOLUNTARILY IMPLEMENT IN
01:22:29.344 --> 01:22:32.181 region:rollup2
MITIGATION SUPPORT AND REWARD
01:22:31.246 --> 01:22:33.115 region:rollup2
PROGRAMS.
01:22:32.181 --> 01:22:34.383 region:rollup2
PATTERNS OF NON JOURNALISTS HAVE
01:22:33.115 --> 01:22:35.851 region:rollup2
BEEN A CONSISTENT LARGELY
01:22:34.383 --> 01:22:36.852 region:rollup2
TEMPORARY PROBLEM FOR SURVIVORS
01:22:35.851 --> 01:22:38.220 region:rollup2
IN THEIR MORE FORTUNATE
01:22:36.852 --> 01:22:39.421 region:rollup2
NEIGHBORS AFTER MANY CALIFORNIA
01:22:38.220 --> 01:22:40.756 region:rollup2
WILDFIRES.
01:22:39.421 --> 01:22:42.724 region:rollup2
HE PEERS PARTICIPATED IN
01:22:40.756 --> 01:22:44.393 region:rollup2
CREATING SOLUTIONS WE PUBLISHED
01:22:42.724 --> 01:22:45.828 region:rollup2
DROPPED BY OUR HOME ENSURE IN
01:22:44.393 --> 01:22:47.696 region:rollup2
CALIFORNIA WHERE TO GO FOR HELP.
01:22:45.828 --> 01:22:49.765 region:rollup2
I FREQUENTLY DOWNLOADED ITEM IN
01:22:47.696 --> 01:22:51.266 region:rollup2
OUR ONLINE CLAIM HELP LIBRARY.
01:22:49.765 --> 01:22:52.401 region:rollup2
WE HELPED CRAFT INNOVATIONS
01:22:51.266 --> 01:22:53.735 region:rollup2
INNOVATIVE SOLUTIONS SUCH AS THE
01:22:52.401 --> 01:22:55.337 region:rollup2
NINETEEN NINETY TO MATCH UP
01:22:53.735 --> 01:22:56.205 region:rollup2
PROGRAM WITH THE CITY OF OAKLAND
01:22:55.337 --> 01:22:57.840 region:rollup2
THAT CONNECTED HOMEOWNERS WITH
01:22:56.205 --> 01:22:59.374 region:rollup2
AGENTS. AND BROKERS THAT WITH
01:22:57.840 --> 01:23:00.676 region:rollup2
THE MAURICE AND OUR MORE RECENT
01:22:59.374 --> 01:23:02.110 region:rollup2
VERSION OF THAT PROGRAM THE
01:23:00.676 --> 01:23:03.545 region:rollup2
CALIFORNIA INSURANCE FINDER
01:23:02.110 --> 01:23:04.713 region:rollup2
YAFFA COPIA TOOL.
01:23:03.545 --> 01:23:05.814 region:rollup2
NO LESS FEARS YOU PIECE BEEN
01:23:04.713 --> 01:23:07.216 region:rollup2
CALLED UPON TO DEVOTE
01:23:05.814 --> 01:23:07.983 region:rollup2
SIGNIFICANT TIME AND ATTENTION
01:23:07.216 --> 01:23:09.451 region:rollup2
TO THE HOME INSURANCE
01:23:07.983 --> 01:23:10.853 region:rollup2
AVAILABILITY AND AFFORDABILITY
01:23:09.451 --> 01:23:11.920 region:rollup2
PROBLEMS IN THE STATE.
01:23:10.853 --> 01:23:13.021 region:rollup2
HOMEOWNERS IN AN INCREASING
01:23:11.920 --> 01:23:14.690 region:rollup2
NUMBER OF REGIONS ARE HAVING A
01:23:13.021 --> 01:23:15.858 region:rollup2
HARDER TIME FINDING REPLACEMENT
01:23:14.690 --> 01:23:17.493 region:rollup2
COVERAGE OPTIONS WHEN THEY'RE
01:23:15.858 --> 01:23:18.460 region:rollup2
NON RENEWED BUT I'M SURE THAT
01:23:17.493 --> 01:23:20.095 region:rollup2
MANY CASES THEY'VE PATRONIZE FOR
01:23:18.460 --> 01:23:21.196 region:rollup2
DECADES.
01:23:20.095 --> 01:23:23.265 region:rollup2
WELL THE EXTENT OF THE PROBLEM
01:23:21.196 --> 01:23:24.266 region:rollup2
IS UNKNOWN WE WANT TO GET AHEAD
01:23:23.265 --> 01:23:25.667 region:rollup2
OF IT BEFORE IT BECOMES A FULL
01:23:24.266 --> 01:23:26.668 region:rollup2
BLOWN CRISIS.
01:23:25.667 --> 01:23:27.803 region:rollup2
WE HAVE SERIOUS CONCERNS ABOUT
01:23:26.668 --> 01:23:29.638 region:rollup2
GROWTH IN THE SURPLUS LINES
01:23:27.803 --> 01:23:31.206 region:rollup2
MARKET WHERE THE POLICY FORMS
01:23:29.638 --> 01:23:32.374 region:rollup2
ARE UNREGULATED THE INSURERS ARE
01:23:31.206 --> 01:23:34.109 region:rollup2
NOT BACKED BY THE CALIFORNIAN
01:23:32.374 --> 01:23:35.377 region:rollup2
CHURNS GUARANTY ASSOCIATION. AND
01:23:34.109 --> 01:23:37.946 region:rollup2
WE BELIEVE THE CALIFORNIA FAIR
01:23:35.377 --> 01:23:39.948 region:rollup2
PLAN SHOULD REMAIN AS INTENDED.
01:23:37.946 --> 01:23:41.250 region:rollup2
THE INSURER OF LAST RESORT.
01:23:39.948 --> 01:23:42.751 region:rollup2
OUR MIND MAIN PRIORITIES ARE AS
01:23:41.250 --> 01:23:44.386 region:rollup2
FOLLOWS.
01:23:42.751 --> 01:23:46.255 region:rollup2
FIRST TO MAINTAIN STABILITY IN
01:23:44.386 --> 01:23:46.788 region:rollup2
ORDER AND PROPERTY INSURANCE
01:23:46.255 --> 01:23:47.155 region:rollup2
MARKETS AND PREVENT PRICE
01:23:46.788 --> 01:23:48.924 region:rollup2
GOUGING.
01:23:47.155 --> 01:23:49.992 region:rollup2
SECOND.
01:23:48.924 --> 01:23:51.326 region:rollup2
BUT CONSUMERS CONTEND WITH
01:23:49.992 --> 01:23:53.195 region:rollup2
AFFORDABILITY AVAILABILITY
01:23:51.326 --> 01:23:54.863 region:rollup2
MITIGATION FINANCING CHALLENGES
01:23:53.195 --> 01:23:56.164 region:rollup2
AND THIRD. INSURER SHOULD BE
01:23:54.863 --> 01:23:57.533 region:rollup2
PARTNERING WITH THEIR CUSTOMERS
01:23:56.164 --> 01:23:58.901 region:rollup2
BY PROVIDING TECHNICAL GUIDANCE
01:23:57.533 --> 01:24:00.135 region:rollup2
AND HELP WITH MITIGATION
01:23:58.901 --> 01:24:01.870 region:rollup2
INCLUDING APPROPRIATE RATE
01:24:00.135 --> 01:24:03.538 region:rollup2
REDUCTIONS AND INCENTIVES FOR
01:24:01.870 --> 01:24:04.606 region:rollup2
RISK REDUCTION. WE SPENT OVER
01:24:03.538 --> 01:24:06.275 region:rollup2
YEAR WORKING WITH PUBLIC
01:24:04.606 --> 01:24:07.709 region:rollup2
OFFICIALS AND AGENCIES INSURANCE
01:24:06.275 --> 01:24:09.011 region:rollup2
INDUSTRY REPRESENTATIVES TO GET
01:24:07.709 --> 01:24:10.145 region:rollup2
AN ACCURATE PICTURE OF NON
01:24:09.011 --> 01:24:12.114 region:rollup2
RENEWALS AND REPLACEMENT
01:24:10.145 --> 01:24:13.782 region:rollup2
POLICIES. THE CRAFT VOLUNTARY
01:24:12.114 --> 01:24:15.284 region:rollup2
STANDARDS FOR MITIGATION SUPPORT
01:24:13.782 --> 01:24:17.386 region:rollup2
AND REWARDS OUR EFFORTS WERE NOT
01:24:15.284 --> 01:24:18.854 region:rollup2
SUCCESSFUL AND IT'S CLEAR THE
01:24:17.386 --> 01:24:20.455 region:rollup2
LEGISLATURE MUST ACT.
01:24:18.854 --> 01:24:21.556 region:rollup2
UP CALLS UPON THIS BODY TO GIVE
01:24:20.455 --> 01:24:22.724 region:rollup2
THE CALIFORNIA DEPARTMENT OF
01:24:21.556 --> 01:24:24.426 region:rollup2
INSURANCE THE FULL AUTHORITY IN
01:24:22.724 --> 01:24:25.627 region:rollup2
RESOURCES NEEDS TO GATHER DATA
01:24:24.426 --> 01:24:26.228 region:rollup2
AND PREVENT OUR STATE FROM
01:24:25.627 --> 01:24:27.429 region:rollup2
FOLLOWING IN THE FOOTSTEPS OF
01:24:26.228 --> 01:24:28.764 region:rollup2
FLORIDA.
01:24:27.429 --> 01:24:30.065 region:rollup2
SIMILAR TO WHAT'S GOING ON IN
01:24:28.764 --> 01:24:31.266 region:rollup2
ARE STATE THE SERIES OF BAD
01:24:30.065 --> 01:24:32.768 region:rollup2
STORM YEARS IN THE FIRST DECADE
01:24:31.266 --> 01:24:33.902 region:rollup2
OF THIS CENTURY. COMBINED WITH
01:24:32.768 --> 01:24:35.437 region:rollup2
AN EXPLOSION THE USE OF
01:24:33.902 --> 01:24:36.772 region:rollup2
PREDICTIVE MODELING AND THE RATE
01:24:35.437 --> 01:24:38.040 region:rollup2
MAKING SPHERE TO NEGATIVELY
01:24:36.772 --> 01:24:39.141 region:rollup2
IMPACT COMPETITION AND SHIRTS
01:24:38.040 --> 01:24:40.742 region:rollup2
CONSUMERS.
01:24:39.141 --> 01:24:42.477 region:rollup2
THE COMBINATION DECIMATED THE
01:24:40.742 --> 01:24:43.879 region:rollup2
PRIVATE COMPETITIVE MARKET. AND
01:24:42.477 --> 01:24:45.247 region:rollup2
BECAUSE THE INSURER OF LAST
01:24:43.879 --> 01:24:46.615 region:rollup2
RESORT IN FLORIDA.
01:24:45.247 --> 01:24:47.182 region:rollup2
TO BALLOON INTO HAVING THE
01:24:46.615 --> 01:24:48.617 region:rollup2
LARGEST MARKET SHARE IN THE
01:24:47.182 --> 01:24:49.484 region:rollup2
STATE.
01:24:48.617 --> 01:24:51.019 region:rollup2
HOMEOWNERS THE REAL ESTATE
01:24:49.484 --> 01:24:52.220 region:rollup2
MARKET AND LOCAL GOVERNMENT
01:24:51.019 --> 01:24:54.289 region:rollup2
PROPERTY TAX REVENUE SUFFERED
01:24:52.220 --> 01:24:56.091 region:rollup2
ACUTE FINANCIAL HARM.
01:24:54.289 --> 01:24:58.026 region:rollup2
LEGISLATION MUST BE ENACTED THAT
01:24:56.091 --> 01:24:59.995 region:rollup2
WELL AT A MINIMUM. GENERATE
01:24:58.026 --> 01:25:01.330 region:rollup2
RELIABLE DATA ON ON RULES THE
01:24:59.995 --> 01:25:03.131 region:rollup2
POLICY COUNTS AND MARKET SHARE
01:25:01.330 --> 01:25:03.732 region:rollup2
OF THE CALIFORNIA FAIR PLAN AND
01:25:03.131 --> 01:25:04.833 region:rollup2
THE NON ADMITTED SURPLUS LINES
01:25:03.732 --> 01:25:06.301 region:rollup2
MARKET.
01:25:04.833 --> 01:25:07.436 region:rollup2
GIVES THE CALIFORNIA DEPARTMENT
01:25:06.301 --> 01:25:09.471 region:rollup2
OF INSURANCE AUTHORITY OVERSIGHT
01:25:07.436 --> 01:25:10.806 region:rollup2
AND SUBSTANTIAL REDUCTIONS IN
01:25:09.471 --> 01:25:12.608 region:rollup2
INCREASES IN THE MARKET SHARE OF
01:25:10.806 --> 01:25:14.576 region:rollup2
INDIVIDUAL INSURANCE COMPANIES
01:25:12.608 --> 01:25:16.044 region:rollup2
BOTH ADMITTED AND NOT ADMITTED.
01:25:14.576 --> 01:25:17.813 region:rollup2
STATUTORILY MANDATE MITIGATION
01:25:16.044 --> 01:25:19.648 region:rollup2
SUPPORT AND SUPPORT OR FOR
01:25:17.813 --> 01:25:20.716 region:rollup2
SUPPORT AND REWARD PROGRAMS. AND
01:25:19.648 --> 01:25:22.351 region:rollup2
LIMIT THE USE OF PREDICTIVE
01:25:20.716 --> 01:25:23.285 region:rollup2
MODELS AND RATE FILINGS AND
01:25:22.351 --> 01:25:25.620 region:rollup2
MANDATE THAT THEY FACTOR IN
01:25:23.285 --> 01:25:26.755 region:rollup2
LOCAL FIREFIGHTING RESOURCES IN.
01:25:25.620 --> 01:25:28.323 region:rollup2
THE REGION AND MITIGATION
01:25:26.755 --> 01:25:30.192 region:rollup2
MEASURES SUCH AS BRUSH CLEARANCE
01:25:28.323 --> 01:25:31.693 region:rollup2
UNDERTAKEN BY HOMEOWNERS.
01:25:30.192 --> 01:25:32.995 region:rollup2
A COMPLICATING DYNAMIC AND HOW
01:25:31.693 --> 01:25:34.162 region:rollup2
INSURERS ARE REACTING TO
01:25:32.995 --> 01:25:35.931 region:rollup2
SCIENTIFIC EVIDENCE OF CLIMATE
01:25:34.162 --> 01:25:37.566 region:rollup2
CHANGE IS A MAJOR CHANGE IN THE
01:25:35.931 --> 01:25:39.267 region:rollup2
WAY THEY UNDERWRITE. WHICH IS
01:25:37.566 --> 01:25:41.203 region:rollup2
ASSESSING AND PRICING RISK.
01:25:39.267 --> 01:25:42.304 region:rollup2
HUMAN UNDERWRITERS AND ACTUARIES
01:25:41.203 --> 01:25:44.606 region:rollup2
HAVE BEEN USING HISTORICAL DATA
01:25:42.304 --> 01:25:45.207 region:rollup2
TACK ASSESS RISK PRICE POLICIES
01:25:44.606 --> 01:25:46.174 region:rollup2
AND CHOOSE THEIR CUSTOMERS FOR
01:25:45.207 --> 01:25:47.275 region:rollup2
DECADES.
01:25:46.174 --> 01:25:48.377 region:rollup2
BUT NOW IT IS COMMON FOR
01:25:47.275 --> 01:25:49.878 region:rollup2
INSURERS TO RELY HEAVILY
01:25:48.377 --> 01:25:51.380 region:rollup2
SOMETIMES EXCLUSIVELY ON MODELS
01:25:49.878 --> 01:25:53.081 region:rollup2
THAT PURPORT TO PREDICT THE
01:25:51.380 --> 01:25:54.650 region:rollup2
FUTURE. BASED ON ALGORITHMS
01:25:53.081 --> 01:25:56.885 region:rollup2
INSTEAD OF HUMAN UNDERWRITERS
01:25:54.650 --> 01:25:58.487 region:rollup2
AND HISTORICAL DATA. WIN THE
01:25:56.885 --> 01:25:59.354 region:rollup2
CONSUMER ADVOCACY COMMUNITY HAVE
01:25:58.487 --> 01:26:00.689 region:rollup2
IDENTIFIED THESE MODELS IS A
01:25:59.354 --> 01:26:01.857 region:rollup2
MAJOR CAUSE OF REDUCED
01:26:00.689 --> 01:26:03.091 region:rollup2
AVAILABILITY AND AFFORDABILITY
01:26:01.857 --> 01:26:04.426 region:rollup2
OF CROP INSURANCE IN MANY
01:26:03.091 --> 01:26:05.494 region:rollup2
REGIONS OF THE U. S..
01:26:04.426 --> 01:26:06.828 region:rollup2
THE MODELS ARE DESIGNED BY
01:26:05.494 --> 01:26:08.430 region:rollup2
PRIVATE COMPANIES THAT SELL THEM
01:26:06.828 --> 01:26:09.197 region:rollup2
TO INSURERS.
01:26:08.430 --> 01:26:10.666 region:rollup2
YOU DON'T NEED TO BE AN
01:26:09.197 --> 01:26:11.700 region:rollup2
ECONOMIST AN MBA TO FIGURE OUT
01:26:10.666 --> 01:26:13.035 region:rollup2
THE COMPANIES THAT CREATE AND
01:26:11.700 --> 01:26:15.237 region:rollup2
SELL THESE MODELS WANT THEM TO
01:26:13.035 --> 01:26:15.804 region:rollup2
APPEAL TO INSURERS. INSURERS
01:26:15.237 --> 01:26:17.606 region:rollup2
THAT ARE IN THE BUSINESS OF
01:26:15.804 --> 01:26:19.041 region:rollup2
BEING PROFITABLE. MODELERS HAVE
01:26:17.606 --> 01:26:19.941 region:rollup2
AN INCENTIVE TO OVERSTAY RISK TO
01:26:19.041 --> 01:26:22.110 region:rollup2
HELP THEIR INSURANCE COMPANY
01:26:19.941 --> 01:26:23.578 region:rollup2
CLIENTS JUSTIFY RATE INCREASES.
01:26:22.110 --> 01:26:24.880 region:rollup2
INTEGRITY PROBLEMS WITH OUTCOME
01:26:23.578 --> 01:26:26.248 region:rollup2
ORIENTED PREDICTIVE ANALYTICS
01:26:24.880 --> 01:26:27.549 region:rollup2
ARE COMPOUNDING THE IMPACT OF
01:26:26.248 --> 01:26:28.884 region:rollup2
CLIMATE CHANGE ON INSURANCE
01:26:27.549 --> 01:26:30.218 region:rollup2
CONSUMERS. WE
01:26:28.884 --> 01:26:31.887 region:rollup2
I WOULD LIKE TO SEE A PRIVATE
01:26:30.218 --> 01:26:32.487 region:rollup2
MARKET SOLUTION OF THIS PROBLEM.
01:26:31.887 --> 01:26:33.789 region:rollup2
AND TO THIS AND WE'VE WORKED
01:26:32.487 --> 01:26:35.190 region:rollup2
KILEY WITH THE TREE MORTALITY
01:26:33.789 --> 01:26:36.425 region:rollup2
TASK FORCE AND ARE WORKING TO
01:26:35.190 --> 01:26:38.060 region:rollup2
CREATE A NETWORK OF INDEPENDENT
01:26:36.425 --> 01:26:39.394 region:rollup2
AGENTS AND BROKERS. WHO CAN HELP
01:26:38.060 --> 01:26:41.430 region:rollup2
CONSUMERS FIND AFFORDABLE
01:26:39.394 --> 01:26:42.731 region:rollup2
COVERAGE JUST AS WE DID AFTER
01:26:41.430 --> 01:26:43.732 region:rollup2
THE OAKLAND HILLS FIRE?
01:26:42.731 --> 01:26:44.566 region:rollup2
BY GIVING MORE TOOLS OF THE
01:26:43.732 --> 01:26:46.234 region:rollup2
DEPARTMENT OF INSURANCE IN
01:26:44.566 --> 01:26:48.136 region:rollup2
CODIFYING MITIGATION DISCOUNTS
01:26:46.234 --> 01:26:49.071 region:rollup2
AND SUPPORT. WE BELIEVE ARE
01:26:48.136 --> 01:26:51.473 region:rollup2
CRUCIAL PIECE TO SOLVE THIS
01:26:49.071 --> 01:26:52.007 region:rollup2
PUZZLE THANK YOU FOR YOUR TIME
01:26:51.473 --> 01:26:54.776 region:rollup2
AND CONSIDERATION OF THIS
01:26:52.007 --> 01:26:55.310 region:rollup2
IMPORTANT ISSUE.
01:26:54.776 --> 01:26:57.112 region:rollup2
INTERESTING.
01:26:55.310 --> 01:26:58.380 region:rollup2
IN MY CORRECT THEN THAT WHAT
01:26:57.112 --> 01:26:59.915 region:rollup2
YOU'RE SUGGESTING IS THAT THE
01:26:58.380 --> 01:27:02.150 region:rollup2
REASON FOR A LOT OF THESE
01:26:59.915 --> 01:27:03.852 region:rollup2
CHANGES IS THAT. THEY'RE NOT
01:27:02.150 --> 01:27:06.354 region:rollup2
USING OF PREDICTIVE.
01:27:03.852 --> 01:27:08.323 region:rollup2
MODELING INSTEAD OF THE MORE
01:27:06.354 --> 01:27:10.625 region:rollup2
TRADITIONAL APPROACHES.
01:27:08.323 --> 01:27:11.960 region:rollup2
IS THAT CORRECT YA OUR
01:27:10.625 --> 01:27:14.529 region:rollup2
IMPRESSION IS THAT THAT IS
01:27:11.960 --> 01:27:17.866 region:rollup2
DRIVING A LOT OF A LOT OF THE.
01:27:14.529 --> 01:27:19.267 region:rollup2
CONTRACTION IN THE MARKET.
01:27:17.866 --> 01:27:21.536 region:rollup2
KATE AND IN IS THAT WHAT IS YOUR
01:27:19.267 --> 01:27:23.004 region:rollup2
UNDERSTANDING OF THE RATIONALE
01:27:21.536 --> 01:27:24.439 region:rollup2
FOR DOING IT IN THIS FASHION.
01:27:23.004 --> 01:27:25.841 region:rollup2
WELL I THINK IT USED TO BE THE
01:27:24.439 --> 01:27:27.442 region:rollup2
CASE THAT IT WAS MORE COMMON FOR
01:27:25.841 --> 01:27:29.444 region:rollup2
INSURANCE COMPANIES TO SEND
01:27:27.442 --> 01:27:30.545 region:rollup2
SOMEBODY OUT TO INSPECT PROPERTY
01:27:29.444 --> 01:27:31.113 region:rollup2
WHEN THEY'RE GOING TO ENSURE
01:27:30.545 --> 01:27:32.114 region:rollup2
WHEN IT CAME UP FOR RENEWAL
01:27:31.113 --> 01:27:33.648 region:rollup2
THAT.
01:27:32.114 --> 01:27:35.717 region:rollup2
WITH A LARGE INSURANCE MARKET
01:27:33.648 --> 01:27:37.352 region:rollup2
I'M YOU KNOW THAT MAYBE ISN'T
01:27:35.717 --> 01:27:38.720 region:rollup2
SUSTAINABLE PRACTICE AND SO THIS
01:27:37.352 --> 01:27:39.788 region:rollup2
IS A. SORT OF.
01:27:38.720 --> 01:27:42.424 region:rollup2
LARGER.
01:27:39.788 --> 01:27:43.925 region:rollup2
YOU KNOW MORE EFFICIENT WAY OF
01:27:42.424 --> 01:27:45.594 region:rollup2
LOOKING AT LARGE NUMBERS OF
01:27:43.925 --> 01:27:47.062 region:rollup2
HOMES AND LOOKING AT ZIP CODES
01:27:45.594 --> 01:27:48.296 region:rollup2
AND AND OTHERS TO PRICE AND
01:27:47.062 --> 01:27:49.598 region:rollup2
ASSESS THE RISK.
01:27:48.296 --> 01:27:51.800 region:rollup2
AND ARE YOU SUGGESTING THAT IT'S
01:27:49.598 --> 01:27:53.435 region:rollup2
LESS ACCURATE OR JUST MORE
01:27:51.800 --> 01:27:55.937 region:rollup2
EXPENSIVE TO THE HOMEOWNER.
01:27:53.435 --> 01:27:57.239 region:rollup2
WELL IT IT IT IS LESS ACCURATE
01:27:55.937 --> 01:27:59.307 region:rollup2
IN THE SENSE THAT THE MODELS
01:27:57.239 --> 01:28:00.876 region:rollup2
THEMSELVES ONLY FACTOR IN. THE
01:27:59.307 --> 01:28:01.977 region:rollup2
RISK.
01:28:00.876 --> 01:28:04.112 region:rollup2
AS OPPOSED TO WHAT THE
01:28:01.977 --> 01:28:06.114 region:rollup2
HOMEOWNERS DOING OR WHAT THE
01:28:04.112 --> 01:28:08.517 region:rollup2
COMMUNITY MIGHT BE DOING TO.
01:28:06.114 --> 01:28:10.252 region:rollup2
PREVENT OR MITIGATE THE IMPACTS
01:28:08.517 --> 01:28:12.354 region:rollup2
OF FIRES AND SO WHEN THEY'RE
01:28:10.252 --> 01:28:13.655 region:rollup2
USED WITHOUT LOOKING AT
01:28:12.354 --> 01:28:14.890 region:rollup2
MITIGATION OR WHAT WITHOUT
01:28:13.655 --> 01:28:16.858 region:rollup2
LOOKING AT LOCAL FIREFIGHTING
01:28:14.890 --> 01:28:18.727 region:rollup2
RESOURCES ARE OR. OTHER THINGS
01:28:16.858 --> 01:28:20.428 region:rollup2
THAT COMMUNITIES MIGHT HAVE DONE
01:28:18.727 --> 01:28:22.364 region:rollup2
THAT WE THINK THAT DAY I'M.
01:28:20.428 --> 01:28:24.466 region:rollup2
MAYBE OVERSTAY RISK OR AT LEAST
01:28:22.364 --> 01:28:25.033 region:rollup2
REPRESENT RISK WITHOUT LOOKING
01:28:24.466 --> 01:28:28.537 region:rollup2
AT THE OTHER THINGS THAT ARE
01:28:25.033 --> 01:28:30.372 region:rollup2
REALLY BORN.
01:28:28.537 --> 01:28:31.673 region:rollup2
.
01:28:30.372 --> 01:28:33.241 region:rollup2
FOLLOW UP ON THE CHAIRS QUESTION
01:28:31.673 --> 01:28:34.576 region:rollup2
BUT THAT DOESN'T THE MARKETPLACE
01:28:33.241 --> 01:28:36.444 region:rollup2
KIND OF BALANCE THAT OUT SO
01:28:34.576 --> 01:28:37.078 region:rollup2
LET'S JUST SAY YOU'RE RIGHT OKAY
01:28:36.444 --> 01:28:38.213 region:rollup2
AND I DON'T KNOW WHETHER YOU'RE
01:28:37.078 --> 01:28:39.314 region:rollup2
RIGHT OR WRONG.
01:28:38.213 --> 01:28:42.884 region:rollup2
BOB BUT LET'S JUST SAY YOU'RE
01:28:39.314 --> 01:28:43.185 region:rollup2
RIGHT. I DOZEN ANOTHER INSURANCE
01:28:42.884 --> 01:28:44.052 region:rollup2
COMPANY SAY.
01:28:43.185 --> 01:28:45.720 region:rollup2
HAY.
01:28:44.052 --> 01:28:47.823 region:rollup2
MY COMPETITOR HERE IS WRITING
01:28:45.720 --> 01:28:49.724 region:rollup2
ADD UP POLICY PREMIUM THAT'S
01:28:47.823 --> 01:28:51.526 region:rollup2
MUCH HIGHER THAN. BASED ON OUR
01:28:49.724 --> 01:28:53.295 region:rollup2
ON THE GROUND LOOK AT THINGS WE
01:28:51.526 --> 01:28:54.663 region:rollup2
CAN WE CAN UNDERCUT THAT WITH
01:28:53.295 --> 01:28:56.097 region:rollup2
REASONABLE RISK THAT WE THINK
01:28:54.663 --> 01:28:57.899 region:rollup2
WE'RE WILLING TO UNDERTAKE. AS A
01:28:56.097 --> 01:29:00.035 region:rollup2
DOZEN THE MARKETPLACE KIND OF
01:28:57.899 --> 01:29:01.369 region:rollup2
BALANCE THAT OUT OVER TIME.
01:29:00.035 --> 01:29:03.238 region:rollup2
WELL THAT THAT MAY HAPPEN IN IN
01:29:01.369 --> 01:29:04.840 region:rollup2
SOME INSTANCES BUT I I THINK
01:29:03.238 --> 01:29:06.842 region:rollup2
THAT WERE CONCERNED THAT THERE'S
01:29:04.840 --> 01:29:08.443 region:rollup2
ENOUGH. ELISE ANECDOTAL EVIDENCE
01:29:06.842 --> 01:29:09.778 region:rollup2
ENOUGH EVIDENCE THAT'S BEEN
01:29:08.443 --> 01:29:11.079 region:rollup2
GATHERED BY THE DEPARTMENT TO
01:29:09.778 --> 01:29:12.614 region:rollup2
SUGGEST THAT THERE ARE PLACES IN
01:29:11.079 --> 01:29:15.784 region:rollup2
WHICH THERE WON'T BE SOMETHING
01:29:12.614 --> 01:29:17.452 region:rollup2
TO FILL. THAT GAP IF IF ONE.
01:29:15.784 --> 01:29:19.721 region:rollup2
SURE IS EASY THEY'RE CHARGING UP
01:29:17.452 --> 01:29:21.456 region:rollup2
A PREMIUM THIS ON AFFORDABLE OR
01:29:19.721 --> 01:29:22.824 region:rollup2
OR DECIDING TO LEAVE AN AREA.
01:29:21.456 --> 01:29:24.726 region:rollup2
HOME COMPLETELY I THINK THAT'S
01:29:22.824 --> 01:29:26.027 region:rollup2
WHAT THE FLORIDA STORY IS AS IT
01:29:24.726 --> 01:29:27.395 region:rollup2
I THINK TELLING IN THAT REGARD
01:29:26.027 --> 01:29:27.963 region:rollup2
BECAUSE THERE WERE A LOT OF
01:29:27.395 --> 01:29:29.598 region:rollup2
ENSURES THAT LEFT THE MARKET
01:29:27.963 --> 01:29:31.166 region:rollup2
AND.
01:29:29.598 --> 01:29:32.834 region:rollup2
BEFORE IT WAS TOO LATE YOU KNOW
01:29:31.166 --> 01:29:33.969 region:rollup2
THEN THEN PEOPLE START PAYING
01:29:32.834 --> 01:29:35.403 region:rollup2
ATTENTION TO THE ISSUE.
01:29:33.969 --> 01:29:36.972 region:rollup2
AND DID YOU HAVE ANY EVIDENCE
01:29:35.403 --> 01:29:38.106 region:rollup2
BEYOND ANECDOTAL EVIDENCE THAT
01:29:36.972 --> 01:29:40.709 region:rollup2
INSURANCE COMPANIES ARE LEAVING
01:29:38.106 --> 01:29:41.910 region:rollup2
THE MARKET.
01:29:40.709 --> 01:29:43.612 region:rollup2
WELL I I THINK THAT THE
01:29:41.910 --> 01:29:45.413 region:rollup2
DEPARTMENT HAS A LITTLE BIT OF
01:29:43.612 --> 01:29:46.781 region:rollup2
DATA THAT WE HAVE SURVEY DATA
01:29:45.413 --> 01:29:48.516 region:rollup2
THAT WE COLLECTED.
01:29:46.781 --> 01:29:50.018 region:rollup2
AS AN ORGANIZATION.
01:29:48.516 --> 01:29:51.786 region:rollup2
VOTE I THINK ONE OF THE THINGS
01:29:50.018 --> 01:29:53.722 region:rollup2
THAT WERE REALLY INTERESTED IN
01:29:51.786 --> 01:29:55.657 region:rollup2
IS GATHERING MORE DATA SO THAT
01:29:53.722 --> 01:29:56.524 region:rollup2
WE CAN GET AND ACT MORE ACCURATE
01:29:55.657 --> 01:29:57.993 region:rollup2
PICTURE OF THE OF THE PROBLEM
01:29:56.524 --> 01:29:59.961 region:rollup2
BUT. THE COMPLAINTS THAT WERE
01:29:57.993 --> 01:30:00.896 region:rollup2
RECEIVING AS AN ORGANIZATION AND
01:29:59.961 --> 01:30:02.564 region:rollup2
AND THE DATA THAT WE'VE BEEN
01:30:00.896 --> 01:30:03.698 region:rollup2
ABLE TO COLLECT ON IN THE
01:30:02.564 --> 01:30:05.300 region:rollup2
OAKLAND HILLS AND. IN SOME OF
01:30:03.698 --> 01:30:06.635 region:rollup2
THE RURAL COUNTIES I'M DOES
01:30:05.300 --> 01:30:09.037 region:rollup2
SUGGEST THAT THAT THIS IS
01:30:06.635 --> 01:30:09.971 region:rollup2
BECOMING A PROBLEM OKAY BECAUSE
01:30:09.037 --> 01:30:11.640 region:rollup2
I'M INTERESTED AS YOU ARE.
01:30:09.971 --> 01:30:12.807 region:rollup2
AND I THINK IT'S AGAIN THIS
01:30:11.640 --> 01:30:15.210 region:rollup2
BALANCING ACT OF THAT WE WENT
01:30:12.807 --> 01:30:16.611 region:rollup2
OVER REGULATED MARKETPLACE THAT.
01:30:15.210 --> 01:30:18.647 region:rollup2
IS GOING TO SELF CORRECT.
01:30:16.611 --> 01:30:20.849 region:rollup2
WITHOUT GOVERNMENT GET IN THE
01:30:18.647 --> 01:30:22.317 region:rollup2
WAY OR. DO WE NEED TO STEP IN TO
01:30:20.849 --> 01:30:24.152 region:rollup2
PROTECT CONSUMERS AND TO CREATE
01:30:22.317 --> 01:30:24.686 region:rollup2
AND MAKE SURE THAT THERE IS A
01:30:24.152 --> 01:30:25.820 region:rollup2
MARKET THANK YOU FOR YOUR
01:30:24.686 --> 01:30:27.088 region:rollup2
TESTIMONY.
01:30:25.820 --> 01:30:28.957 region:rollup2
HERE'S HOW I GUESS OF A WHAT'S
01:30:27.088 --> 01:30:30.592 region:rollup2
INTERESTING WITH THAT IS THE
01:30:28.957 --> 01:30:32.027 region:rollup2
FACT IT IS AT ALL STATE TO OUR
01:30:30.592 --> 01:30:34.029 region:rollup2
STATE FARM ONE OF THE MARKETS
01:30:32.027 --> 01:30:34.963 region:rollup2
WAS GONE FOR A DECADE IS NOW
01:30:34.029 --> 01:30:39.267 region:rollup2
COME BACK.
01:30:34.963 --> 01:30:40.535 region:rollup2
AND KICK IS HER ANY OF IT.
01:30:39.267 --> 01:30:41.703 region:rollup2
THERE IS OBVIOUSLY THIS CONCERN
01:30:40.535 --> 01:30:43.371 region:rollup2
THAT IGNORING THEORY MARKET
01:30:41.703 --> 01:30:45.840 region:rollup2
BASED
01:30:43.371 --> 01:30:48.576 region:rollup2
PA PROGRAMS WORK BECAUSE THE
01:30:45.840 --> 01:30:50.879 region:rollup2
COMPETITION AND THE ABILITY TO.
01:30:48.576 --> 01:30:52.547 region:rollup2
TO SORT OF MOVE INTO OUR AVOID
01:30:50.879 --> 01:30:55.717 region:rollup2
AND TO BE ABLE TO.
01:30:52.547 --> 01:30:57.686 region:rollup2
PROVIDE THE INSURANCE AND AND
01:30:55.717 --> 01:31:00.956 region:rollup2
TO REAP THE REWARDS.
01:30:57.686 --> 01:31:02.524 region:rollup2
OFFSET SIR COUNTERS THE THE.
01:31:00.956 --> 01:31:04.759 region:rollup2
A OTHER ASPECTS OF THIS SENATE
01:31:02.524 --> 01:31:07.696 region:rollup2
IS A QUESTION IT'S REGULATION TO
01:31:04.759 --> 01:31:09.097 region:rollup2
PROTECT US OF OR. AND I GET IN
01:31:07.696 --> 01:31:10.932 region:rollup2
THE WAY SO WHAT IS IT WHAT ARE
01:31:09.097 --> 01:31:12.834 region:rollup2
YOUR THOUGHTS. PARTICULARLY ON
01:31:10.932 --> 01:31:14.369 region:rollup2
THIS SPRING ON THIS SPECIFIC
01:31:12.834 --> 01:31:16.204 region:rollup2
SUBJECT AND FOLLOWING UP THE
01:31:14.369 --> 01:31:18.773 region:rollup2
QUESTION SENT BOTH THE SENATE
01:31:16.204 --> 01:31:20.375 region:rollup2
GLAZER NIGHT IT JUST PASSED.
01:31:18.773 --> 01:31:22.310 region:rollup2
WELL AND I THINK THAT LIKE I
01:31:20.375 --> 01:31:23.311 region:rollup2
SAID IN MY TESTIMONY WE WE WOULD
01:31:22.310 --> 01:31:24.980 region:rollup2
LIKE TO SEE A PRIVATE MARKET
01:31:23.311 --> 01:31:26.314 region:rollup2
SOLUTION WE WOULD LIKE TO SEE
01:31:24.980 --> 01:31:28.483 region:rollup2
THE INSURANCE MARKET CORRECT
01:31:26.314 --> 01:31:30.485 region:rollup2
ITSELF WE WOULD LIKE TO SEE.
01:31:28.483 --> 01:31:32.320 region:rollup2
ENSURES RECOGNIZING MITIGATION
01:31:30.485 --> 01:31:34.089 region:rollup2
STANDARDS AND YOU KNOW AT LEAST
01:31:32.320 --> 01:31:35.056 region:rollup2
ON THE SOMEWHAT UNIFORM BASIS
01:31:34.089 --> 01:31:36.958 region:rollup2
AND THAT WAS A LOT OF THE WORK
01:31:35.056 --> 01:31:37.559 region:rollup2
IN THE TREE MORTALITY TASK FORCE
01:31:36.958 --> 01:31:39.361 region:rollup2
WAS.
01:31:37.559 --> 01:31:41.029 region:rollup2
TRYING TO GET TO THIS IDEA OF IS
01:31:39.361 --> 01:31:42.897 region:rollup2
THEIR UNIFORM SET OF STANDARDS
01:31:41.029 --> 01:31:44.632 region:rollup2
THAT. YOU KNOW MOST OR ALL
01:31:42.897 --> 01:31:46.267 region:rollup2
CARRIERS WOULD AGREE TO THAT
01:31:44.632 --> 01:31:48.536 region:rollup2
WOULD MAKE A HOME INSURABLE FOR
01:31:46.267 --> 01:31:50.005 region:rollup2
EXAMPLE I KNOW THAT. I MEAN.
01:31:48.536 --> 01:31:51.506 region:rollup2
HELLFIRE MENTION THIS IN THEIR
01:31:50.005 --> 01:31:53.575 region:rollup2
TESTIMONY THAT THEY.
01:31:51.506 --> 01:31:54.809 region:rollup2
IN SOME CASES THEY'LL GO OUT TO
01:31:53.575 --> 01:31:56.511 region:rollup2
A PROPERTY AND DEL.
01:31:54.809 --> 01:31:57.846 region:rollup2
DO AN INSPECTION AND IF THE
01:31:56.511 --> 01:32:00.081 region:rollup2
INSPECTION COMES BACK.
01:31:57.846 --> 01:32:01.449 region:rollup2
YOU KNOW COMPLIANT THAT
01:32:00.081 --> 01:32:03.551 region:rollup2
INSURANCE COMPANIES WILL SAY. OH
01:32:01.449 --> 01:32:05.186 region:rollup2
OKAY I THINK WE WE WILL ACTUALLY
01:32:03.551 --> 01:32:05.787 region:rollup2
RENEW THAT POLICY BUT WHAT WE'RE
01:32:05.186 --> 01:32:07.722 region:rollup2
SEEING MORE AND MORE IS THA
01:32:05.787 --> 01:32:10.191 region:rollup2
THAT ISN'T HAPPENING IN SO THERE
01:32:07.722 --> 01:32:11.860 region:rollup2
NEEDS TO BE. SOME GREATER LEVEL
01:32:10.191 --> 01:32:14.229 region:rollup2
OF SPECIFICITY OF WHAT THE
01:32:11.860 --> 01:32:15.830 region:rollup2
HOMEOWNER CAN DO IN ORDER TO
01:32:14.229 --> 01:32:17.232 region:rollup2
KEEP THEIR INSURANCE OR KEEP IT
01:32:15.830 --> 01:32:18.867 region:rollup2
AT AN AFFORDABLE RATE.
01:32:17.232 --> 01:32:20.568 region:rollup2
AND SO I THINK WE TRIED TO GET
01:32:18.867 --> 01:32:22.637 region:rollup2
THERE AND I THINK THE REASON WHY
01:32:20.568 --> 01:32:25.407 region:rollup2
WE'RE HERE IS BECAUSE WE DIDN'T
01:32:22.637 --> 01:32:28.476 region:rollup2
GET THERE ON A VOLUNTARY BASIS
01:32:25.407 --> 01:32:29.811 region:rollup2
AND. ALL. OLIVEIRENSE INDICATES
01:32:28.476 --> 01:32:30.845 region:rollup2
THAT YOU KNOW THE FAIR PLAN
01:32:29.811 --> 01:32:32.280 region:rollup2
POLICIES ARE GROWING A LITTLE
01:32:30.845 --> 01:32:33.915 region:rollup2
BIT AND SURPLUS LINES ARE
01:32:32.280 --> 01:32:35.183 region:rollup2
GROWING A LITTLE BIT. AND THE
01:32:33.915 --> 01:32:37.419 region:rollup2
NON ADMITTED MARKET'S SHRINKING
01:32:35.183 --> 01:32:38.420 region:rollup2
A LITTLE BIT AND I THINK BEFORE
01:32:37.419 --> 01:32:39.087 region:rollup2
IT GETS TO BE.
01:32:38.420 --> 01:32:41.189 region:rollup2
YOU KNOW SIGNIFICANT AND THAT WE
01:32:39.087 --> 01:32:42.924 region:rollup2
WANNA.
01:32:41.189 --> 01:32:43.458 region:rollup2
TRY TO DO SOMETHING ABOUT IT.
01:32:42.924 --> 01:32:45.026 region:rollup2
MY LAST QUESTION THAT YOU
01:32:43.458 --> 01:32:47.562 region:rollup2
TALKED.
01:32:45.026 --> 01:32:48.997 region:rollup2
EARLIER ABOUT THE DESIRE TO
01:32:47.562 --> 01:32:51.366 region:rollup2
HAVE MORE DATA.
01:32:48.997 --> 01:32:53.368 region:rollup2
ARE YOU FINDING IT DIFFICULT TO
01:32:51.366 --> 01:32:53.968 region:rollup2
GET THAT DATA ARE THE INSURANCE
01:32:53.368 --> 01:32:55.904 region:rollup2
COMPANIES REQUIRED TO PROVIDE
01:32:53.968 --> 01:32:58.073 region:rollup2
IT.
01:32:55.904 --> 01:32:59.574 region:rollup2
IS THAT SOMETHING THAT YOU
01:32:58.073 --> 01:33:01.443 region:rollup2
THINK SHOULD I SHOULD BE A
01:32:59.574 --> 01:33:03.845 region:rollup2
REQUIREMENT THAT LEGISLATION
01:33:01.443 --> 01:33:05.480 region:rollup2
WOULD OFFER OR. IS IT JUST THAT
01:33:03.845 --> 01:33:07.082 region:rollup2
THE THE DATA HASN'T BEEN
01:33:05.480 --> 01:33:08.817 region:rollup2
COLLECTED I MEAN IS IS THERE A
01:33:07.082 --> 01:33:10.318 region:rollup2
DATA ISSUE.
01:33:08.817 --> 01:33:11.653 region:rollup2
YEAH I THINK THERE'S THERE'S TWO
01:33:10.318 --> 01:33:13.054 region:rollup2
SIDES OF IT ARE THE OMMISSIONER
01:33:11.653 --> 01:33:14.889 region:rollup2
MENTIONED THAT THERE IS A
01:33:13.054 --> 01:33:16.257 region:rollup2
CERTAIN AMOUNT OF. DATA
01:33:14.889 --> 01:33:18.326 region:rollup2
PARTICULARLY IN THE HIGHER RISK
01:33:16.257 --> 01:33:19.994 region:rollup2
CLASSIFICATIONS THAT NO ONE
01:33:18.326 --> 01:33:22.530 region:rollup2
INSURER SEEMS TO HAVE ENOUGH LAS
01:33:19.994 --> 01:33:23.998 region:rollup2
EXPERIENCE IN ORDER TO KNOW YOU
01:33:22.530 --> 01:33:25.600 region:rollup2
KNOW WHAT THE RISKS REALLY IS
01:33:23.998 --> 01:33:27.435 region:rollup2
AND SO. THEY'RE SORT OF PIECING
01:33:25.600 --> 01:33:29.337 region:rollup2
THAT TOGETHER AND I THINK THE
01:33:27.435 --> 01:33:31.473 region:rollup2
DEPARTMENT DOESN'T HAVE ALL OF A
01:33:29.337 --> 01:33:32.407 region:rollup2
REAL SENSE OF OF THAT PICTURE
01:33:31.473 --> 01:33:33.975 region:rollup2
AYE THERE AND THEY WOULDN'T THEY
01:33:32.407 --> 01:33:36.544 region:rollup2
HAVE ASKED TO HAVE MORE OF THAT
01:33:33.975 --> 01:33:38.746 region:rollup2
DATA. THE SECOND PART OF IT IS.
01:33:36.544 --> 01:33:40.482 region:rollup2
I THINK ON A GRANULAR LEVEL WE
01:33:38.746 --> 01:33:42.650 region:rollup2
WANT TO BE ABLE TO CONTINUE TO
01:33:40.482 --> 01:33:45.086 region:rollup2
MONITOR YOU KNOW BY COUNTY OR BY
01:33:42.650 --> 01:33:45.653 region:rollup2
ZIP CODE OR HIGH RISK AREA HOW
01:33:45.086 --> 01:33:47.155 region:rollup2
WE DEFINE HOWEVER WE DEFINE
01:33:45.653 --> 01:33:49.390 region:rollup2
THAT.
01:33:47.155 --> 01:33:51.059 region:rollup2
THE INCREASE IN THE FARE PLAN
01:33:49.390 --> 01:33:52.660 region:rollup2
POLICY COUNT THE INCREASE IN THE
01:33:51.059 --> 01:33:53.194 region:rollup2
NON ADMITTED MARKET AND THAT
01:33:52.660 --> 01:33:54.596 region:rollup2
DECREASES IN THE ADMITTED
01:33:53.194 --> 01:33:56.631 region:rollup2
MARKET.
01:33:54.596 --> 01:33:58.833 region:rollup2
AND THAT DATA IS YOU KNOW IT IS
01:33:56.631 --> 01:33:59.968 region:rollup2
COLLECTED IN SOMETIMES BUT I
01:33:58.833 --> 01:34:00.835 region:rollup2
THINK IT IS DIFFICULT AND I
01:33:59.968 --> 01:34:02.237 region:rollup2
THINK THE DEPARTMENT.
01:34:00.835 --> 01:34:03.605 region:rollup2
DOESN'T ALWAYS HAVE THE
01:34:02.237 --> 01:34:05.740 region:rollup2
RESOURCES OR.
01:34:03.605 --> 01:34:08.576 region:rollup2
AND THE INDUSTRY DOESN'T ALWAYS
01:34:05.740 --> 01:34:09.577 region:rollup2
HAVE THE APPETITE TO PROVIDE.
01:34:08.576 --> 01:34:11.146 region:rollup2
THOSE ARE DIFFERENT ISSUES OF
01:34:09.577 --> 01:34:12.614 region:rollup2
COURSE THE SOMETIMES WE HAVE TO
01:34:11.146 --> 01:34:14.249 region:rollup2
ENCOURAGE THAT APPETITE
01:34:12.614 --> 01:34:16.317 region:rollup2
SOMETIMES WE HAVE TO FORCE IT
01:34:14.249 --> 01:34:17.752 region:rollup2
AND SOMETIMES. YOU SHOULD MAKE
01:34:16.317 --> 01:34:18.853 region:rollup2
PEOPLE LEAVE IF THEY DON'T WANT
01:34:17.752 --> 01:34:20.788 region:rollup2
TO. SO.
01:34:18.853 --> 01:34:21.389 region:rollup2
A.
01:34:20.788 --> 01:34:22.590 region:rollup2
I THINK THAT DOES IT IN TERMS
01:34:21.389 --> 01:34:24.959 region:rollup2
OF.
01:34:22.590 --> 01:34:27.795 region:rollup2
.
01:34:24.959 --> 01:34:30.598 region:rollup2
MY QUESTIONS ON YOUR AND.
01:34:27.795 --> 01:34:34.035 region:rollup2
TESTIMONY DID HAVE ONE QUESTION
01:34:30.598 --> 01:34:34.736 region:rollup2
I BELIEVE FOR. MS A.
01:34:34.035 --> 01:34:37.839 region:rollup2
I HINTON.
01:34:34.736 --> 01:34:39.741 region:rollup2
THE A.
01:34:37.839 --> 01:34:41.809 region:rollup2
THE FACT THAT YOU HAVE A NUMBER
01:34:39.741 --> 01:34:43.244 region:rollup2
OF LOW INCOME COMMUNITIES THAT
01:34:41.809 --> 01:34:44.546 region:rollup2
THAT YOU REPRESENT.
01:34:43.244 --> 01:34:46.447 region:rollup2
.
01:34:44.546 --> 01:34:49.184 region:rollup2
HAS THERE BEEN ANY EFFORT TO TRY
01:34:46.447 --> 01:34:50.685 region:rollup2
TO PULL LOCAL RESOURCES TO
01:34:49.184 --> 01:34:53.188 region:rollup2
CREATE THEIR OWN KIND OF SELF.
01:34:50.685 --> 01:34:54.856 region:rollup2
INSURANCE
01:34:53.188 --> 01:34:57.325 region:rollup2
PROGRAM IS SET SOMETHING THAT'S
01:34:54.856 --> 01:34:58.660 region:rollup2
BEEN CONSIDERED.
01:34:57.325 --> 01:35:00.895 region:rollup2
BITS OF THE KING OF PRUSSIA
01:34:58.660 --> 01:35:02.897 region:rollup2
TOPIC OF DISCUSSION IT CERTAINLY
01:35:00.895 --> 01:35:03.898 region:rollup2
HAS BEEN A DISCUSSION.
01:35:02.897 --> 01:35:06.367 region:rollup2
I DON'T THINK WE'VE QUITE
01:35:03.898 --> 01:35:08.503 region:rollup2
GOTTEN THAT FAR YET BUT YEAH I
01:35:06.367 --> 01:35:09.971 region:rollup2
KNOW THE IDEA IS OUT THERE AND
01:35:08.503 --> 01:35:11.439 region:rollup2
AT SOME I MEAN WE.
01:35:09.971 --> 01:35:13.208 region:rollup2
I THINK WE WOULD EXPORT ANYTHING
01:35:11.439 --> 01:35:14.709 region:rollup2
HERE IF IT IF IT HELPED OUR
01:35:13.208 --> 01:35:16.110 region:rollup2
FOLKS OUT SO THAT'S THAT IS AN
01:35:14.709 --> 01:35:17.645 region:rollup2
IDEA THAT'S BEEN OUT THERE.
01:35:16.110 --> 01:35:18.746 region:rollup2
WE JUST HAVEN'T QUITE GOTTEN
01:35:17.645 --> 01:35:19.948 region:rollup2
THAT FAR YET.
01:35:18.746 --> 01:35:21.783 region:rollup2
I DO ONLY COUNTIES WORKING ON
01:35:19.948 --> 01:35:23.918 region:rollup2
SOMETHING THAT WERE CUT JUSTIN
01:35:21.783 --> 01:35:25.787 region:rollup2
INTERESTING POSSIBILITY AND AND
01:35:23.918 --> 01:35:28.990 region:rollup2
LASTLY FOR.
01:35:25.787 --> 01:35:30.692 region:rollup2
ACHIEVER CARMEN THE YEAH.
01:35:28.990 --> 01:35:32.360 region:rollup2
IF I UNDERSTAND CORRECTL WE
01:35:30.692 --> 01:35:33.561 region:rollup2
HAVE HAD DISCUSSIONS ABOUT THIS.
01:35:32.360 --> 01:35:35.863 region:rollup2
THE BIG PROBLEM WITH THE MUTUAL
01:35:33.561 --> 01:35:38.366 region:rollup2
AID SYSTEM IS THAT THERE'S RED
01:35:35.863 --> 01:35:40.401 region:rollup2
TAPE THE DELAYS THE ABILITY OF
01:35:38.366 --> 01:35:43.137 region:rollup2
AGENCIES TO WORK TOGETHER AND WE
01:35:40.401 --> 01:35:45.106 region:rollup2
DID HEAR THE IN SOME INSTANCES.
01:35:43.137 --> 01:35:45.974 region:rollup2
SOME OF THE DIFFERENT. GROUPS
01:35:45.106 --> 01:35:48.343 region:rollup2
OF THE HECK WITH THERE WERE JUST
01:35:45.974 --> 01:35:48.876 region:rollup2
GOING TO CALL YOU UP AND WILL
01:35:48.343 --> 01:35:50.178 region:rollup2
TAKE CARE OF THE PAPERWORK
01:35:48.876 --> 01:35:52.013 region:rollup2
LATER.
01:35:50.178 --> 01:35:53.848 region:rollup2
I DIDN'T IT MY NURSING IS THAT'S
01:35:52.013 --> 01:35:56.551 region:rollup2
ONE OF THE PROBLEMS IS THE
01:35:53.848 --> 01:35:58.519 region:rollup2
BUREAUCRATIC DELAYS. ANOTHER IS
01:35:56.551 --> 01:36:00.955 region:rollup2
THE THE FACT THAT IT TAKES SO
01:35:58.519 --> 01:36:02.557 region:rollup2
LONG TO GET OTHER AGENCIES
01:36:00.955 --> 01:36:04.659 region:rollup2
RESPONDING AND THAT WHICH YOU
01:36:02.557 --> 01:36:06.894 region:rollup2
WOULD LIKE. WOULD BE ABLE TO SEE
01:36:04.659 --> 01:36:08.363 region:rollup2
ONCE WE GET A LOOK AT.
01:36:06.894 --> 01:36:10.398 region:rollup2
YOU KNOW WE HAVE WHAT FOURTEEN
01:36:08.363 --> 01:36:11.833 region:rollup2
RED FLAG DAYS IN A ROW KNOWING
01:36:10.398 --> 01:36:13.735 region:rollup2
THAT THIS COULD VERY LIKELY
01:36:11.833 --> 01:36:15.236 region:rollup2
CAUSE FIRES AND. THE THOMAS FIRE
01:36:13.735 --> 01:36:17.105 region:rollup2
WHIC IS ONE OF I THINK FIVE
01:36:15.236 --> 01:36:18.706 region:rollup2
THAT TOOK PLACE ALL AT THE SAME
01:36:17.105 --> 01:36:20.608 region:rollup2
TIME. IN SOUTHERN CALIFORNIA
01:36:18.706 --> 01:36:22.644 region:rollup2
CHISUM'S COMMISSAR NEVER WENT
01:36:20.608 --> 01:36:23.211 region:rollup2
OUT PRESS OF THEM THEY WERE ABLE
01:36:22.644 --> 01:36:25.346 region:rollup2
TO PUT OUT.
01:36:23.211 --> 01:36:27.148 region:rollup2
WITH IT IS THAT SOMETHING THAT
01:36:25.346 --> 01:36:29.917 region:rollup2
YOU WOULD. LIKE TO SEE.
01:36:27.148 --> 01:36:30.952 region:rollup2
YES BY THE THE FUNDING YOU
01:36:29.917 --> 01:36:31.452 region:rollup2
THINK WOULD BE A CRITICAL
01:36:30.952 --> 01:36:34.422 region:rollup2
COMPONENT OF ALL OF THAT
01:36:31.452 --> 01:36:36.591 region:rollup2
ABILITY.
01:36:34.422 --> 01:36:37.625 region:rollup2
TO PRIYA OF PRE STAGED PRE
01:36:36.591 --> 01:36:40.261 region:rollup2
POSITION.
01:36:37.625 --> 01:36:41.195 region:rollup2
IN CASES WHERE YOU'RE HAVING
01:36:40.261 --> 01:36:44.766 region:rollup2
THAT KIND OF EXTREME WEATHER
01:36:41.195 --> 01:36:45.900 region:rollup2
THAT'S HIGHLY LIKELY TO CREATE A
01:36:44.766 --> 01:36:48.369 region:rollup2
FIRE PROBLEMS.
01:36:45.900 --> 01:36:49.871 region:rollup2
I YEAH I DO I THINK COME AGAIN
01:36:48.369 --> 01:36:51.072 region:rollup2
AT THAT THE SYSTEM IS SIXTY
01:36:49.871 --> 01:36:52.640 region:rollup2
YEARS OLD AND CERTAINLY THE
01:36:51.072 --> 01:36:54.275 region:rollup2
FIRES JUST IN MY CAREER OF
01:36:52.640 --> 01:36:55.977 region:rollup2
THIRTY FIVE YEARS THE FIRES HAVE
01:36:54.275 --> 01:36:57.512 region:rollup2
CHANGED SO DRAMATICALLY.
01:36:55.977 --> 01:36:59.480 region:rollup2
IN THE SPEED AT WHICH THEY'RE
01:36:57.512 --> 01:37:02.216 region:rollup2
DEVOURING YOU KNOW PROPERTY AND
01:36:59.480 --> 01:37:03.217 region:rollup2
LAND. SO FOR US TO BE ABLE TO
01:37:02.216 --> 01:37:04.752 region:rollup2
YOU KNOW I MENTIONED EARLIER
01:37:03.217 --> 01:37:06.187 region:rollup2
THAT WERE OPERATING NOW WITH
01:37:04.752 --> 01:37:07.288 region:rollup2
FEWER FIRE RESOURCES THAN EVER
01:37:06.187 --> 01:37:09.657 region:rollup2
BEFORE.
01:37:07.288 --> 01:37:11.492 region:rollup2
WE'RE MAKING MORE REQUESTS FOR
01:37:09.657 --> 01:37:12.927 region:rollup2
RESOURCES TO THE MUTUAL AID
01:37:11.492 --> 01:37:15.396 region:rollup2
SYSTEM THAN EVER BEFORE AND
01:37:12.927 --> 01:37:17.165 region:rollup2
WE'RE SEEING MORE UNFILLED
01:37:15.396 --> 01:37:18.833 region:rollup2
RESOURCE ORDERS THAN EVER BEFORE
01:37:17.165 --> 01:37:20.301 region:rollup2
SO TO BE ABLE TO PUT THESE
01:37:18.833 --> 01:37:22.503 region:rollup2
RESOURCES ON THE ROAD. I THINK
01:37:20.301 --> 01:37:23.805 region:rollup2
CHIEF PIMLOTT THAT THE DIRECTOR
01:37:22.503 --> 01:37:25.206 region:rollup2
OF CAL FIRE MENTIONED EARLIER.
01:37:23.805 --> 01:37:26.708 region:rollup2
OUR GOAL IS TO ALWAYS TRYING
01:37:25.206 --> 01:37:28.409 region:rollup2
KEEP THESE INCIDENTS AS SMALL AS
01:37:26.708 --> 01:37:30.411 region:rollup2
POSSIBLE AND WE CAN ONLY DO THAT
01:37:28.409 --> 01:37:31.946 region:rollup2
WITH RESOURCES.
01:37:30.411 --> 01:37:34.349 region:rollup2
BUT EVEN IF THE RESOURCES.
01:37:31.946 --> 01:37:36.017 region:rollup2
AREN'T ABLE TO KEEP THEM SMALL
01:37:34.349 --> 01:37:37.485 region:rollup2
WE CAN RE DIRECT THESE AND AS
01:37:36.017 --> 01:37:38.519 region:rollup2
YOU MENTIONED THAT SHE FOR
01:37:37.485 --> 01:37:41.022 region:rollup2
INSTANCE.
01:37:38.519 --> 01:37:43.424 region:rollup2
I EH. FORESIGHT TO MOVE THE
01:37:41.022 --> 01:37:45.526 region:rollup2
RESOURCES INTO MANSIO AHEAD OF
01:37:43.424 --> 01:37:46.994 region:rollup2
THE MUD SLIDES AB THAT'S A GREAT
01:37:45.526 --> 01:37:48.296 region:rollup2
EXAMPLE OF HOW MANY PEOPLE WE
01:37:46.994 --> 01:37:50.064 region:rollup2
CAN SAVE AND HOW MUCH SHE EVEN
01:37:48.296 --> 01:37:51.699 region:rollup2
IF WE CAN SAVE THE PROPERTY THAT
01:37:50.064 --> 01:37:54.035 region:rollup2
THE LIVES THAT WE SAVED BY THE
01:37:51.699 --> 01:37:54.202 region:rollup2
PRE POSITIONING THOSE RESOURCES
01:37:54.035 --> 01:37:56.337 region:rollup2
SO.
01:37:54.202 --> 01:37:57.972 region:rollup2
WHAT? WE ARE COALITION I'VE
01:37:56.337 --> 01:38:00.174 region:rollup2
NEVER SEEN THE FIRE AGENCIES IN
01:37:57.972 --> 01:38:01.876 region:rollup2
CALIFORNIA COME TOGETHER LIKE WE
01:38:00.174 --> 01:38:04.312 region:rollup2
HAVE NOW LOCAL STATE.
01:38:01.876 --> 01:38:05.813 region:rollup2
WE HAVE. LABOR ORGANIZATIONS AS
01:38:04.312 --> 01:38:07.682 region:rollup2
WELL AS MANAGEMENT ORGANIZATIONS
01:38:05.813 --> 01:38:09.417 region:rollup2
COMING TOGETHER TO SAY THIS PRE
01:38:07.682 --> 01:38:10.752 region:rollup2
POSITIONING OF RESOURCES ADDING
01:38:09.417 --> 01:38:11.886 region:rollup2
DISPATCHERS TO THE DISPATCH
01:38:10.752 --> 01:38:12.854 region:rollup2
CENTER IS THE HEAD OF CLIMATE
01:38:11.886 --> 01:38:14.856 region:rollup2
DRIVEN EVENTS.
01:38:12.854 --> 01:38:15.723 region:rollup2
WILL MAKE THE MOST DIFFERENCE
01:38:14.856 --> 01:38:17.458 region:rollup2
THAT WE'VE BEEN ABLE TO MAKE IN
01:38:15.723 --> 01:38:18.993 region:rollup2
IN YEARS.
01:38:17.458 --> 01:38:21.229 region:rollup2
THANK YOU OTHER QUESTIONS.
01:38:18.993 --> 01:38:22.497 region:rollup2
CENTER MORE.
01:38:21.229 --> 01:38:23.898 region:rollup2
THE TO ABSORB VILLAGE GO LET
01:38:22.497 --> 01:38:25.733 region:rollup2
LET'S DO THIS IN THE PROPER
01:38:23.898 --> 01:38:27.635 region:rollup2
PROTOCOL SENATOR GLAZER FOLLOWED
01:38:25.733 --> 01:38:29.570 region:rollup2
BY SENATOR MORE.
01:38:27.635 --> 01:38:30.905 region:rollup2
ALRIGHT I THANK YOU AND I I KNOW
01:38:29.570 --> 01:38:32.140 region:rollup2
WE'RE RUNNING SHORT OF TIME SO I
01:38:30.905 --> 01:38:33.574 region:rollup2
WANT TO BE.
01:38:32.140 --> 01:38:35.209 region:rollup2
A BRIEF BUT JUST SAID CHIEF A
01:38:33.574 --> 01:38:36.644 region:rollup2
CARMEN THANK YOU AGAIN FOR YOUR
01:38:35.209 --> 01:38:38.212 region:rollup2
ENGAGEMENT AND INSIGHT THAT
01:38:36.644 --> 01:38:39.380 region:rollup2
WE'VE HAD ONGOING CONVERSATIONS
01:38:38.212 --> 01:38:40.882 region:rollup2
WE APPRECIATE ALL YOUR GOOD WORK
01:38:39.380 --> 01:38:42.183 region:rollup2
AND. THE WORK OF ALL OF OUR
01:38:40.882 --> 01:38:43.317 region:rollup2
FIRST RESPONDERS AND.
01:38:42.183 --> 01:38:44.852 region:rollup2
BY MISTER WAY THANK YOU FOR YOUR
01:38:43.317 --> 01:38:46.154 region:rollup2
INSIGHT AS WELL I HAD A QUESTION
01:38:44.852 --> 01:38:47.221 region:rollup2
FOR MS HEATON.
01:38:46.154 --> 01:38:49.190 region:rollup2
HI YOU KNOW IT'S ALWAYS A
01:38:47.221 --> 01:38:50.291 region:rollup2
CHALLENGE UP HERE AND THIS THAT
01:38:49.190 --> 01:38:51.726 region:rollup2
AND THEN IS SEAT TO MANDATE
01:38:50.291 --> 01:38:53.094 region:rollup2
THINGS.
01:38:51.726 --> 01:38:54.929 region:rollup2
WHETHER IT'S ABOUT FIRE COVERAGE
01:38:53.094 --> 01:38:57.198 region:rollup2
RATES. BUT IT'S ALSO ABOUT.
01:38:54.929 --> 01:38:58.633 region:rollup2
WHERE THERE ARE COUNTIES AND IN
01:38:57.198 --> 01:39:00.201 region:rollup2
THIS CASE ARE RULE COUNTIES ARE
01:38:58.633 --> 01:39:01.936 region:rollup2
MAKING GOOD CHOICES IN TERMS OF
01:39:00.201 --> 01:39:02.804 region:rollup2
DEVELOPMENT? AND WHETHER CITING
01:39:01.936 --> 01:39:03.304 region:rollup2
DEVELOPMENT.
01:39:02.804 --> 01:39:04.238 region:rollup2
AND.
01:39:03.304 --> 01:39:05.573 region:rollup2
YOU KNOW I DON'T LIKE TO
01:39:04.238 --> 01:39:07.108 region:rollup2
MANDATE THOSE CHOICES ON YOUR
01:39:05.573 --> 01:39:08.042 region:rollup2
FOLKS
01:39:07.108 --> 01:39:08.743 region:rollup2
SURE THEY WOULDN'T LIKE THAT
01:39:08.042 --> 01:39:10.578 region:rollup2
EITHER.
01:39:08.743 --> 01:39:12.313 region:rollup2
BUT I YOU KNOW ARE THEY GONNA
01:39:10.578 --> 01:39:13.448 region:rollup2
REBUILD IN THESE HIGH RISK FIRE
01:39:12.313 --> 01:39:15.016 region:rollup2
AREAS ARE THEY GONNA PROVE
01:39:13.448 --> 01:39:15.983 region:rollup2
FURTHER DEVELOPMENT IN THESE
01:39:15.016 --> 01:39:17.985 region:rollup2
HIGH RISK FIRE AREAS.
01:39:15.983 --> 01:39:19.687 region:rollup2
YOU KNOW. THAT'S A DELICATE
01:39:17.985 --> 01:39:21.756 region:rollup2
PLACE FOR US TO BE AND I'M SURE
01:39:19.687 --> 01:39:23.124 region:rollup2
IT IS FOR YOU BUT ANY RESPONSE
01:39:21.756 --> 01:39:24.892 region:rollup2
TO THAT CONCERN. YEAH IT IS IT
01:39:23.124 --> 01:39:25.092 region:rollup2
IS A DELICATE TASTE FOR ME TO BE
01:39:24.892 --> 01:39:28.129 region:rollup2
BUT.
01:39:25.092 --> 01:39:30.465 region:rollup2
WHAT I CAN SAY IS THAT A NUMBER
01:39:28.129 --> 01:39:31.799 region:rollup2
OF OUR COUNTIES ARE ACTUALLY NO
01:39:30.465 --> 01:39:34.936 region:rollup2
GROWTH COUNTIES RIGHT NOW?
01:39:31.799 --> 01:39:37.438 region:rollup2
AND. A NUMBER OF OUR COUNTIES
01:39:34.936 --> 01:39:39.407 region:rollup2
THAT I'VE HEARD FROM THAT WERE.
01:39:37.438 --> 01:39:42.343 region:rollup2
AT IMPACTED BY THE NORTHERN
01:39:39.407 --> 01:39:45.246 region:rollup2
CALIFORNIA FIRES REALIZE THE
01:39:42.343 --> 01:39:46.547 region:rollup2
NEED TO REBUILD SMART AND TO
01:39:45.246 --> 01:39:47.915 region:rollup2
WHEN THEY DO REBUILD.
01:39:46.547 --> 01:39:49.183 region:rollup2
.
01:39:47.915 --> 01:39:52.920 region:rollup2
TICKLED IT A LOT OF
01:39:49.183 --> 01:39:56.157 region:rollup2
CONSIDERATION AS TO WHERE HOW.%
01:39:52.920 --> 01:39:58.159 region:rollup2
FIRE RISK. THEY'VE NOT HAD TO
01:39:56.157 --> 01:39:59.894 region:rollup2
DEAL WITH US BEFORE STOW THE
01:39:58.159 --> 01:40:02.196 region:rollup2
LEARNING PROCESS FOR THEM.
01:39:59.894 --> 01:40:03.831 region:rollup2
BUT THEY ARE TAKING ALL OF
01:40:02.196 --> 01:40:04.699 region:rollup2
THESE THINGS INTO CONSIDERATION
01:40:03.831 --> 01:40:06.434 region:rollup2
SO.
01:40:04.699 --> 01:40:07.802 region:rollup2
THEY THERE IS A RECOGNITION
01:40:06.434 --> 01:40:08.836 region:rollup2
THERE THAT THEY PERHAPS NEED TO
01:40:07.802 --> 01:40:09.837 region:rollup2
CHANGE
01:40:08.836 --> 01:40:11.205 region:rollup2
BUT FROM WHAT THEY'VE DONE IN
01:40:09.837 --> 01:40:13.174 region:rollup2
THE PAST AND THEY WANT TO BE AT
01:40:11.205 --> 01:40:14.141 region:rollup2
THE TABLE. IN ANY OF THOSE
01:40:13.174 --> 01:40:16.010 region:rollup2
DISCUSSIONS THAT MIGHT TAKE
01:40:14.141 --> 01:40:18.079 region:rollup2
PLACE GREAT AND I'M GLAD TO HEAR
01:40:16.010 --> 01:40:19.881 region:rollup2
THAT AND. IT'S SOMETHING THAT I
01:40:18.079 --> 01:40:21.015 region:rollup2
WANT TO MONITOR TO. THAT I'M
01:40:19.881 --> 01:40:22.183 region:rollup2
GONNA BE ETCHED IN SEEN THAT THE
01:40:21.015 --> 01:40:25.152 region:rollup2
CHOICES THEY MAKE ANOTHER IS A
01:40:22.183 --> 01:40:26.354 region:rollup2
LOT OF PRESSURE. LOCALLY TO THE
01:40:25.152 --> 01:40:27.488 region:rollup2
THE BUILD AND REBUILD AND I
01:40:26.354 --> 01:40:28.489 region:rollup2
CERTAINLY UNDERSTAND THAT BUT
01:40:27.488 --> 01:40:28.890 region:rollup2
THAT'S A PLACE WHERE I THINK THE
01:40:28.489 --> 01:40:30.558 region:rollup2
OVERSIGHT FROM THE
01:40:28.890 --> 01:40:32.159 region:rollup2
LEGISLATURE'S.
01:40:30.558 --> 01:40:33.227 region:rollup2
A SOMETHING THAT I THINK MIGHT
01:40:32.159 --> 01:40:35.296 region:rollup2
BE APPROPRIATE AND I HOPE THAT
01:40:33.227 --> 01:40:36.097 region:rollup2
THEY UNDERSTAND THAT I DON'T
01:40:35.296 --> 01:40:37.532 region:rollup2
WANT TO GET INVOLVED IN THEIR
01:40:36.097 --> 01:40:39.367 region:rollup2
CHOICES BUT I HOPE THEY MAKE
01:40:37.532 --> 01:40:41.836 region:rollup2
GOOD ONES THANK YOU.
01:40:39.367 --> 01:40:43.337 region:rollup2
MORE LIKE.
01:40:41.836 --> 01:40:45.039 region:rollup2
THE NOT JUST HEARD HOW MANY OF
01:40:43.337 --> 01:40:48.943 region:rollup2
YOUR RESIDENTS IN YOUR COUNTIES
01:40:45.039 --> 01:40:49.510 region:rollup2
PAY ALL CASH FOR THEIR HOMES.
01:40:48.943 --> 01:40:50.711 region:rollup2
YOU KNOW THAT STATE I DON'T
01:40:49.510 --> 01:40:53.481 region:rollup2
HAVE.
01:40:50.711 --> 01:40:54.649 region:rollup2
SO USUALLY WITH YOU DON'T.
01:40:53.481 --> 01:40:55.216 region:rollup2
YOU GET A RENEWAL NOTICE THAT
01:40:54.649 --> 01:40:57.418 region:rollup2
SAYS WE'RE NOT GOING TO GIVE
01:40:55.216 --> 01:40:59.020 region:rollup2
YOU.
01:40:57.418 --> 01:41:00.721 region:rollup2
YOUR INSURANCE.
01:40:59.020 --> 01:41:02.356 region:rollup2
THEN.
01:41:00.721 --> 01:41:04.425 region:rollup2
THE HOMEOWNERS FORCED TO LOOK
01:41:02.356 --> 01:41:05.793 region:rollup2
AROUND. FOR THE NEXT LETTER IS
01:41:04.425 --> 01:41:06.928 region:rollup2
GONNA BE FROM MORTGAGE COMPANY.
01:41:05.793 --> 01:41:09.664 region:rollup2
SAYING HEY YOU BETTER GET
01:41:06.928 --> 01:41:10.965 region:rollup2
INSURANCE OR OR ELSE SIR AND I
01:41:09.664 --> 01:41:12.867 region:rollup2
DON'T KNOW WHAT ELSE IS.
01:41:10.965 --> 01:41:13.734 region:rollup2
SO ONE METHOD WOULD BE JUST TO
01:41:12.867 --> 01:41:15.136 region:rollup2
PAY OFF THE MORTGAGE RIGHT THE
01:41:13.734 --> 01:41:16.337 region:rollup2
MENU DON'T WORRY ABOUT THE
01:41:15.136 --> 01:41:18.339 region:rollup2
INSURANCE.
01:41:16.337 --> 01:41:20.308 region:rollup2
HE CAN INJURE RICH ENOUGH TO BE
01:41:18.339 --> 01:41:22.910 region:rollup2
ABLE TO AFFORD THE LOSS. THE
01:41:20.308 --> 01:41:25.246 region:rollup2
SECOND IS YOU GOTTA SCRAMBLE ALL
01:41:22.910 --> 01:41:28.082 region:rollup2
OVER THE PLACE. SO I'M JUST
01:41:25.246 --> 01:41:29.517 region:rollup2
CURIOUS MISTER WADE WHAT IS THE.
01:41:28.082 --> 01:41:30.184 region:rollup2
INVOLVEMENT IN.
01:41:29.517 --> 01:41:32.486 region:rollup2
HOMEOWNERS NSURANCE FIRE
01:41:30.184 --> 01:41:34.121 region:rollup2
INSURANCE.
01:41:32.486 --> 01:41:35.623 region:rollup2
WITH THE MORTGAGE INDUSTRY HOW
01:41:34.121 --> 01:41:37.658 region:rollup2
THEY INTERFACING WITH THE
01:41:35.623 --> 01:41:38.225 region:rollup2
INSURANCE AGENTS THE INDUSTRY.
01:41:37.658 --> 01:41:40.895 region:rollup2
MA'AM RIGHT THANK YOU SO THE
01:41:38.225 --> 01:41:42.763 region:rollup2
AND.
01:41:40.895 --> 01:41:44.498 region:rollup2
MOST I MEAN GETTING EVERY.
01:41:42.763 --> 01:41:47.034 region:rollup2
MORTGAGE COMPANY WOULD REQUIRE.
01:41:44.498 --> 01:41:48.936 region:rollup2
HAD INSURANCE ON.
01:41:47.034 --> 01:41:49.870 region:rollup2
BASIC HAZARD INSURANCE ON THE
01:41:48.936 --> 01:41:51.405 region:rollup2
PROPERTY.
01:41:49.870 --> 01:41:55.343 region:rollup2
THEY'RE NOT NECESSARILY GOING
01:41:51.405 --> 01:41:56.644 region:rollup2
REQUIRE A FULLY COMPREHENSIVE
01:41:55.343 --> 01:41:58.145 region:rollup2
HOMEOWNERS INSURANCE.
01:41:56.644 --> 01:42:01.449 region:rollup2
PRODUCT AS WE KNOW IT.
01:41:58.145 --> 01:42:02.850 region:rollup2
THEY DON'T. NEED THE CONTENTS
01:42:01.449 --> 01:42:04.285 region:rollup2
AND SHARED THEY DON'T CARE ABOUT
01:42:02.850 --> 01:42:05.953 region:rollup2
ADDITIONAL LIVING EXPENSES AND
01:42:04.285 --> 01:42:07.955 region:rollup2
OTHER THINGS WHAT THEY WANT.
01:42:05.953 --> 01:42:09.623 region:rollup2
BASIC HAZARD INSURANCE
01:42:07.955 --> 01:42:11.492 region:rollup2
THAT PROTECTS THEIR COLLATERAL
01:42:09.623 --> 01:42:14.295 region:rollup2
SO WHAT WILL HAPPEN IS IF. AND
01:42:11.492 --> 01:42:15.863 region:rollup2
AND AT A POLICY HOLDERS NOT ABLE
01:42:14.295 --> 01:42:17.798 region:rollup2
TO PROVIDE INSURANCE.
01:42:15.863 --> 01:42:19.934 region:rollup2
NINO TO THEM IT FROM THE
01:42:17.798 --> 01:42:22.303 region:rollup2
PRIVATE MARKET OR. THEY LET IT
01:42:19.934 --> 01:42:24.472 region:rollup2
LAPSE TIME. AT THE MORTGAGE
01:42:22.303 --> 01:42:26.707 region:rollup2
COMPANY WILL FORCE PLACER LENDER
01:42:24.472 --> 01:42:28.676 region:rollup2
PLACE AN INSURANCE PRODUCT ONTO
01:42:26.707 --> 01:42:30.745 region:rollup2
THE THE COLLATERAL BUT IT WILL
01:42:28.676 --> 01:42:33.414 region:rollup2
BE A VERY A AT BASIC POLICY THAT
01:42:30.745 --> 01:42:36.617 region:rollup2
WILL. COVER YOU KNOW FROM. THE
01:42:33.414 --> 01:42:38.352 region:rollup2
pTHINGS TOMMEN WON'T COVER
01:42:36.617 --> 01:42:39.353 region:rollup2
PERSONAL PROPERTY OR ADDITIONAL
01:42:38.352 --> 01:42:41.088 region:rollup2
LIVING EXPENSES ARE THE THINGS
01:42:39.353 --> 01:42:42.690 region:rollup2
LIKE THAT. I'M JUST NEW TO THE
01:42:41.088 --> 01:42:43.624 region:rollup2
EXTENT OF THE VALUE OF THEIR
01:42:42.690 --> 01:42:46.227 region:rollup2
COLLATERAL AND TYPICALLY THOSE
01:42:43.624 --> 01:42:49.130 region:rollup2
ARE PROVIDED BY NON ADMITTED.
01:42:46.227 --> 01:42:51.032 region:rollup2
INSURANCE COMPANIES.
01:42:49.130 --> 01:42:52.533 region:rollup2
AND THEY COST MORE.
01:42:51.032 --> 01:42:53.367 region:rollup2
OKAY THANK YOU AND CHIEF JUST
01:42:52.533 --> 01:42:54.969 region:rollup2
ONE QUICK QUESTION.
01:42:53.367 --> 01:42:56.671 region:rollup2
CAL FIRE MENTION THAT THEY GET
01:42:54.969 --> 01:42:58.039 region:rollup2
CAP AND TRADE FUNDING.
01:42:56.671 --> 01:43:00.307 region:rollup2
AND I'M JUST WONDERING WE SAW A
01:42:58.039 --> 01:43:01.776 region:rollup2
LOT OF. FIRES WERE STARTED BY
01:43:00.307 --> 01:43:04.078 region:rollup2
ELECTRICAL LINES.
01:43:01.776 --> 01:43:06.380 region:rollup2
A POWER LINES AT THE BUTTE FIRE
01:43:04.078 --> 01:43:08.215 region:rollup2
BUT. THE NOME I MET CINNAMON
01:43:06.380 --> 01:43:10.484 region:rollup2
NAPA AND SANTA ROSA.
01:43:08.215 --> 01:43:13.154 region:rollup2
ARE YOU ARE USING ANY CAP AND
01:43:10.484 --> 01:43:14.955 region:rollup2
TRADE FUNDING TO TRY TO HARDEN
01:43:13.154 --> 01:43:16.757 region:rollup2
SOME OF THESE ELECTRIC LINES.
01:43:14.955 --> 01:43:19.026 region:rollup2
A NOT TO MY KNOWLEDGE WE E WERE.
01:43:16.757 --> 01:43:21.128 region:rollup2
ABLE TO GET SOME CAP AND TRADE
01:43:19.026 --> 01:43:22.697 region:rollup2
FUNDING TO INITIALLY DEPLOY FOR
01:43:21.128 --> 01:43:23.764 region:rollup2
THIS FIRE SEASON THE PRE
01:43:22.697 --> 01:43:25.699 region:rollup2
POSITIONING THAT I WAS TALKING
01:43:23.764 --> 01:43:26.934 region:rollup2
ABOUT THAT'S A ONE TIME FUNDING
01:43:25.699 --> 01:43:28.335 region:rollup2
NOTHING ON GOING IN THAT I I
01:43:26.934 --> 01:43:30.137 region:rollup2
BELIEVE LATER THIS WEEK WILL
01:43:28.335 --> 01:43:31.105 region:rollup2
LAST FOR. A SOME ADDITIONAL CAP
01:43:30.137 --> 01:43:32.740 region:rollup2
AND TRADE FUNDING TO BUY
01:43:31.105 --> 01:43:34.008 region:rollup2
ADDITIONAL APPARATUS TO THE
01:43:32.740 --> 01:43:35.409 region:rollup2
OFFICE OF EMERGENCY SERVICES BUT
01:43:34.008 --> 01:43:36.944 region:rollup2
NOTHING FOR HARDENING ELECTRICAL
01:43:35.409 --> 01:43:38.446 region:rollup2
THAT I'M AWARE OF. THAT'S MY
01:43:36.944 --> 01:43:39.346 region:rollup2
UNDERSTANDING OF TWO AND A HALF
01:43:38.446 --> 01:43:42.016 region:rollup2
DAYS OF WILDFIRES.
01:43:39.346 --> 01:43:43.584 region:rollup2
CREATES AS MUCH GREENHOUSE GAS
01:43:42.016 --> 01:43:45.586 region:rollup2
AS ALL THE CARS IN THE STATE.
01:43:43.584 --> 01:43:46.654 region:rollup2
RUNNING FOR ENTIRE YEAR SO WE'RE
01:43:45.586 --> 01:43:48.022 region:rollup2
WE'RE LOSING ALL THE BENEFIT
01:43:46.654 --> 01:43:48.989 region:rollup2
EVERYTHING THAT.
01:43:48.022 --> 01:43:50.491 region:rollup2
SACRAMENTO TRYING TO DO IT THE
01:43:48.989 --> 01:43:52.560 region:rollup2
STATE BY ELECTRIFYING EVERYTHING
01:43:50.491 --> 01:43:53.594 region:rollup2
SO.
01:43:52.560 --> 01:43:54.729 region:rollup2
WILL IT WILL HAVE TO TALK ABOUT
01:43:53.594 --> 01:43:56.530 region:rollup2
HOW WE HELP YOU BY PREVENTING
01:43:54.729 --> 01:43:57.398 region:rollup2
FIRES.
01:43:56.530 --> 01:43:59.567 region:rollup2
IF THAT'S WHAT'S HAPPENING IN MY
01:43:57.398 --> 01:44:02.136 region:rollup2
AREA. AND ANNA AND I SAW IT IN
01:43:59.567 --> 01:44:03.537 region:rollup2
IN SENATE ROSES TRAGIC WITH THAT
01:44:02.136 --> 01:44:04.672 region:rollup2
THESE TRANSFORMERS BLOWING UP.
01:44:03.537 --> 01:44:05.639 region:rollup2
WE WERE WE WOULD AGREE THERE'S A
01:44:04.672 --> 01:44:06.907 region:rollup2
LOT OF WORK TO BE DONE WITH THE
01:44:05.639 --> 01:44:08.242 region:rollup2
ELECTRICAL UTILITY COMPANY
01:44:06.907 --> 01:44:09.577 region:rollup2
ALLOWING THEM TO SHUT OFF POWER
01:44:08.242 --> 01:44:10.811 region:rollup2
DURING THESE CLIMATE DRIVEN
01:44:09.577 --> 01:44:11.779 region:rollup2
EVENTS AND THINGS LIKE THAT SO
01:44:10.811 --> 01:44:13.581 region:rollup2
WE'RE VERY INTERESTED IN THOSE
01:44:11.779 --> 01:44:15.216 region:rollup2
DISCUSSIONS.
01:44:13.581 --> 01:44:16.450 region:rollup2
THANK YOU MADAM BACKBENCHER.
01:44:15.216 --> 01:44:18.119 region:rollup2
THINKING YES I WISH THAT WERE AN
01:44:16.450 --> 01:44:19.086 region:rollup2
EASY DISCUSSION IN THE THOMAS
01:44:18.119 --> 01:44:20.521 region:rollup2
FAR THEY SHUT OFF THE
01:44:19.086 --> 01:44:22.056 region:rollup2
ELECTRICITY SO THAT THE PUMPS
01:44:20.521 --> 01:44:24.758 region:rollup2
COULDN'T PUMP SO THAT THEY COULD
01:44:22.056 --> 01:44:25.359 region:rollup2
GET WATER TO THE HOUSES OF THE
01:44:24.758 --> 01:44:26.060 region:rollup2
HOUSES BURNED DOWN LEAST THOSE
01:44:25.359 --> 01:44:27.461 region:rollup2
ARE.
01:44:26.060 --> 01:44:29.296 region:rollup2
SOME OF THE ALLEGATIONS AND
01:44:27.461 --> 01:44:31.766 region:rollup2
GARAGE DOORS SHUT SO THIS IS A
01:44:29.296 --> 01:44:33.400 region:rollup2
VERY COMPLICATED ISSUE I THINK
01:44:31.766 --> 01:44:35.836 region:rollup2
WE'VE NOW HAD FIVE THIS IS HER
01:44:33.400 --> 01:44:37.204 region:rollup2
FIFTH HEARING FOR THE. COMMITTEE
01:44:35.836 --> 01:44:39.140 region:rollup2
ON EMERGENCY MANAGEMENT WERE.
01:44:37.204 --> 01:44:41.342 region:rollup2
WE'VE HOPEFULLY IDENTIFIED MOST
01:44:39.140 --> 01:44:42.376 region:rollup2
OF THE CHALLENGES THAT WE'RE
01:44:41.342 --> 01:44:42.910 region:rollup2
FACING HOW WE RESOLVE THEM
01:44:42.376 --> 01:44:44.879 region:rollup2
COURSES.
01:44:42.910 --> 01:44:47.114 region:rollup2
IS.
01:44:44.879 --> 01:44:48.916 region:rollup2
GOING TO BR ANOTHER CHALLENGE
01:44:47.114 --> 01:44:51.085 region:rollup2
BUT WITH THAT THANK YOU FOLKS
01:44:48.916 --> 01:44:52.486 region:rollup2
FOR YOUR TESTIMONY AND YOUR
01:44:51.085 --> 01:44:54.722 region:rollup2
WILLINGNESS TO BE HERE.
01:44:52.486 --> 01:44:55.523 region:rollup2
GUY I HAVE A FEELING THIS IS
01:44:54.722 --> 01:44:57.391 region:rollup2
JUST GOING TO BE AN ONGOING
01:44:55.523 --> 01:44:59.527 region:rollup2
CONVERSATION BUT APPRECIATE YOUR
01:44:57.391 --> 01:45:00.961 region:rollup2
HIGHLIGHTING THESE ISSUES FOR US
01:44:59.527 --> 01:45:02.797 region:rollup2
THANK YOU SO MUCH.
01:45:00.961 --> 01:45:05.099 region:rollup2
OUR FINAL PANEL BE FOR PUBLIC
01:45:02.797 --> 01:45:06.333 region:rollup2
COMMENT IS SO ARE HOMEOWNERS
01:45:05.099 --> 01:45:07.768 region:rollup2
INSURERS REEXAMINING THE
01:45:06.333 --> 01:45:09.136 region:rollup2
CALIFORNIA MARKET THIS IS SORT
01:45:07.768 --> 01:45:11.071 region:rollup2
OF THE.
01:45:09.136 --> 01:45:13.240 region:rollup2
THE THE FINAL QUESTION THAT WE.
01:45:11.071 --> 01:45:15.042 region:rollup2
WANTED TO ADDRESS HERE TODAY SO
01:45:13.240 --> 01:45:17.711 region:rollup2
COULD WE HAVE.
01:45:15.042 --> 01:45:18.712 region:rollup2
CARA CROSS GENERAL COUNSEL. OF
01:45:17.711 --> 01:45:23.584 region:rollup2
FOR THE PERSONAL INSURANCE
01:45:18.712 --> 01:45:24.051 region:rollup2
FEDERATION OF CALIFORNIA BILL.
01:45:23.584 --> 01:45:25.920 region:rollup2
CLARK ARE CLINICALLY.
01:45:24.051 --> 01:45:27.588 region:rollup2
WITH SUTTER INSURANCE NORWOOD
01:45:25.920 --> 01:45:29.256 region:rollup2
REPRESENTING THE INDEPENDENT
01:45:27.588 --> 01:45:31.859 region:rollup2
INSURANCE AGENTS AND BROKERS TO
01:45:29.256 --> 01:45:33.160 region:rollup2
CALIFORNIA ROB DAYR. Y.
01:45:31.859 --> 01:45:35.796 region:rollup2
PRONOUNCE IT RIGHT.
01:45:33.160 --> 01:45:38.165 region:rollup2
AT GEORGE PETERSON INSURANCE
01:45:35.796 --> 01:45:38.699 region:rollup2
AGENCY OF SANTA ROSA YOU'VE
01:45:38.165 --> 01:45:40.701 region:rollup2
PROBABLY BEEN PRETTY BUSY
01:45:38.699 --> 01:45:42.369 region:rollup2
RECENTLY. AND TIMBER NET
01:45:40.701 --> 01:45:43.838 region:rollup2
CORPORATE VICE PRESIDENT AND
01:45:42.369 --> 01:45:46.974 region:rollup2
MANAGING DIRECTOR BURN XIN
01:45:43.838 --> 01:45:51.579 region:rollup2
WILCOX REPRESENTING THE SURPLUS
01:45:46.974 --> 01:45:52.179 region:rollup2
LINE ASSOCIATION. OF CALIFORNIA.
01:45:51.579 --> 01:45:59.486 region:rollup2
FOLKS THANK YOU ALL FOR BEING
01:45:52.179 --> 01:46:08.529 region:rollup2
HERE.
01:45:59.486 --> 01:46:09.663 region:rollup2
STARTING.
01:46:08.529 --> 01:46:10.898 region:rollup2
FROM THE SIDE JUST IN AND
01:46:09.663 --> 01:46:14.001 region:rollup2
CONSPICUOUSLY.
01:46:10.898 --> 01:46:14.301 region:rollup2
GREAT.
01:46:14.001 --> 01:46:16.003 region:rollup2
ALRIGHTY SO.
01:46:14.301 --> 01:46:17.338 region:rollup2
.
01:46:16.003 --> 01:46:19.306 region:rollup2
WOULD LIKE TO TRY FIVE MINUTES
01:46:17.338 --> 01:46:21.141 region:rollup2
APIECE AND WE DO ACTUALLY HAVE
01:46:19.306 --> 01:46:22.376 region:rollup2
LITTLE TIME FOR QUESTIONS SO.
01:46:21.141 --> 01:46:23.510 region:rollup2
IF YOU COULD TRY TO KEEP TO
01:46:22.376 --> 01:46:25.379 region:rollup2
THAT.
01:46:23.510 --> 01:46:27.114 region:rollup2
TIME FRAME IT WOULD BE WONDERFUL
01:46:25.379 --> 01:46:28.716 region:rollup2
IF WILL START IF WE COULD LET'S
01:46:27.114 --> 01:46:29.450 region:rollup2
START WITH CARA CROSS THANK YOU
01:46:28.716 --> 01:46:31.385 region:rollup2
SENATOR AYE.
01:46:29.450 --> 01:46:33.287 region:rollup2
AYE PREPARE TEN MINUTES BERMAN
01:46:31.385 --> 01:46:34.388 region:rollup2
GONNA TALK REAL FAST AND CUT OUT
01:46:33.287 --> 01:46:35.422 region:rollup2
SOME OF THE THINGS THAT PEOPLE
01:46:34.388 --> 01:46:37.524 region:rollup2
ARE VERY SAID WHY DON'T WE MEET
01:46:35.422 --> 01:46:38.892 region:rollup2
YOU HALFWAY HOW ABOUT SEVEN THE
01:46:37.524 --> 01:46:40.427 region:rollup2
TAKE IT.
01:46:38.892 --> 01:46:41.262 region:rollup2
SO CARE ACROSS WITH THE PERSONAL
01:46:40.427 --> 01:46:44.098 region:rollup2
INSURANCE FEDERATION OF
01:46:41.262 --> 01:46:46.166 region:rollup2
CALIFORNIA AND TOGETHER ARE ON
01:46:44.098 --> 01:46:47.268 region:rollup2
SIX MEMBER COMPANIES WRITE THEM
01:46:46.166 --> 01:46:48.969 region:rollup2
MAJORITY OF THEM MARKET
01:46:47.268 --> 01:46:51.105 region:rollup2
HOMEOWNERS MARKETPLACE IN
01:46:48.969 --> 01:46:52.339 region:rollup2
CALIFORNIA. ON THE GUY WE ALL
01:46:51.105 --> 01:46:54.008 region:rollup2
HAVE THE SAME GOAL HERE WHICH IS
01:46:52.339 --> 01:46:54.808 region:rollup2
AVAILABILITY OBVIOUSLY INSURERS
01:46:54.008 --> 01:46:55.943 region:rollup2
WANT TO BE ABLE TO MAKE
01:46:54.808 --> 01:46:57.144 region:rollup2
INSURANCE AVAILABLE AND
01:46:55.943 --> 01:46:58.612 region:rollup2
CONSUMERS DEFINITELY NEED
01:46:57.144 --> 01:46:59.813 region:rollup2
INSURANCE.
01:46:58.612 --> 01:47:00.848 region:rollup2
AND I THINK IT'S REALLY
01:46:59.813 --> 01:47:02.283 region:rollup2
IMPORTANT THAT WE'RE HAVING THIS
01:47:00.848 --> 01:47:03.617 region:rollup2
INFORMATIONAL HEARING TODAY
01:47:02.283 --> 01:47:05.552 region:rollup2
BECAUSE ALLOWS EVERYBODY TO
01:47:03.617 --> 01:47:06.720 region:rollup2
LEARN WHAT THE ISSUES ARE. AND
01:47:05.552 --> 01:47:09.523 region:rollup2
HOPEFULLY BE ABLE TO COME UP
01:47:06.720 --> 01:47:10.791 region:rollup2
WITH SOLUTIONS OF NECESSARY TO.
01:47:09.523 --> 01:47:11.992 region:rollup2
THAT WILL KEEP.
01:47:10.791 --> 01:47:13.527 region:rollup2
THAT'S PROTECT US THAT WILL BE
01:47:11.992 --> 01:47:15.195 region:rollup2
ABLE TO PROVIDE INSURANCE IN THE
01:47:13.527 --> 01:47:17.231 region:rollup2
FUTURE. IT'S ALL START BY
01:47:15.195 --> 01:47:19.199 region:rollup2
EMPHASIZING THAT WITH RESPECTIVE
01:47:17.231 --> 01:47:20.734 region:rollup2
EL ABILITY HOMEOWNERS INSURANCE
01:47:19.199 --> 01:47:21.969 region:rollup2
MARKETPLACE IN CALIFORNIA IS
01:47:20.734 --> 01:47:22.903 region:rollup2
WORKING.
01:47:21.969 --> 01:47:23.971 region:rollup2
HOMEOWNERS ARE FINDING INSURANCE
01:47:22.903 --> 01:47:25.739 region:rollup2
TO REBUILD THEIR HOMES IN THE
01:47:23.971 --> 01:47:27.408 region:rollup2
EVENT OF WILDFIRE AND INSURERS
01:47:25.739 --> 01:47:29.310 region:rollup2
HAVE BEEN RESPONDING IN MASS TO
01:47:27.408 --> 01:47:30.678 region:rollup2
HELP HOMEOWNERS WHO LOST THEIR
01:47:29.310 --> 01:47:32.846 region:rollup2
HOMES IN THE RECENT WILDFIRES.
01:47:30.678 --> 01:47:34.181 region:rollup2
REBUILD THEIR LIVES. SINCE DAY
01:47:32.846 --> 01:47:36.016 region:rollup2
ONE INSURANCE THE BEEN THERE.
01:47:34.181 --> 01:47:37.551 region:rollup2
PATH HEATHER CATASTROPHE TEAMS
01:47:36.016 --> 01:47:39.219 region:rollup2
ON THE ROUND TO HELP WITH
01:47:37.551 --> 01:47:40.521 region:rollup2
RECOVERY PROCESS IT SHOULD
01:47:39.219 --> 01:47:43.991 region:rollup2
IMMEDIATE PAYMENTS FOR HOUSING
01:47:40.521 --> 01:47:44.625 region:rollup2
LIVING EXPENSES. AND QUICKLY
01:47:43.991 --> 01:47:45.459 region:rollup2
RESPONDING TO CLAIMS.
01:47:44.625 --> 01:47:47.661 region:rollup2
AS FOR AVAILABILITY MOVING
01:47:45.459 --> 01:47:49.063 region:rollup2
FORWARD ALLOWING THE MARKET TO
01:47:47.661 --> 01:47:50.898 region:rollup2
CONTINUE TO FUNCTION WITHOUT
01:47:49.063 --> 01:47:52.733 region:rollup2
DISRUPTED MANDATES WILL PROVIDE
01:47:50.898 --> 01:47:54.635 region:rollup2
HOMEOWNERS THE ABILITY ABILITY
01:47:52.733 --> 01:47:56.337 region:rollup2
TO CONTINUE FIGHTING. HOMEOWNERS
01:47:54.635 --> 01:47:58.372 region:rollup2
INSURANCE EVEN IN THE HIGH RISK
01:47:56.337 --> 01:47:59.740 region:rollup2
AREAS. BUT THE CALIFORNIA
01:47:58.372 --> 01:48:01.008 region:rollup2
DEPARTMENT OF INSURANCE IN THE
01:47:59.740 --> 01:48:02.643 region:rollup2
CAL FIRE NUMBERS WE BELIEVE
01:48:01.008 --> 01:48:04.278 region:rollup2
DEMONSTRATE THAT THE HOMEOWNERS
01:48:02.643 --> 01:48:05.779 region:rollup2
ARE FINDING INSURANCE IN THE
01:48:04.278 --> 01:48:06.380 region:rollup2
MIDMARKET.
01:48:05.779 --> 01:48:08.415 region:rollup2
I WILL.
01:48:06.380 --> 01:48:09.483 region:rollup2
COMMENT BRIEFLY ON THE DECEMBER
01:48:08.415 --> 01:48:11.251 region:rollup2
WHITE PAPER THAT THE DEPARTMENT
01:48:09.483 --> 01:48:13.153 region:rollup2
OF INSURANCE ISSUED THAT
01:48:11.251 --> 01:48:14.588 region:rollup2
COMMISSIONER JONES REFERENCED.
01:48:13.153 --> 01:48:16.690 region:rollup2
DEPARTMENT REPORTED.
01:48:14.588 --> 01:48:17.524 region:rollup2
FROM TWENTY TEN TO TWENTY
01:48:16.690 --> 01:48:20.127 region:rollup2
SIXTEEN THAT THERE WERE THE PUMP
01:48:17.524 --> 01:48:21.795 region:rollup2
OF. US IN COMPLAINTS ABOUT
01:48:20.127 --> 01:48:23.364 region:rollup2
RENEWAL SAN NON RENEWALS FROM
01:48:21.795 --> 01:48:26.033 region:rollup2
FORTY ONE COMPLAINTS IN TWENTY
01:48:23.364 --> 01:48:27.101 region:rollup2
TEN TO A HUNDRED AND FORTY THREE
01:48:26.033 --> 01:48:29.203 region:rollup2
COMPLAINTS IN TWENTY SIXTEEN.
01:48:27.101 --> 01:48:30.471 region:rollup2
HUNDRED FORTY THREE COMPLAINTS
01:48:29.203 --> 01:48:32.039 region:rollup2
WE DO NOT BELIEVE OUT OF FOUR
01:48:30.471 --> 01:48:33.407 region:rollup2
POINT SIX MILLION OR MORE
01:48:32.039 --> 01:48:36.076 region:rollup2
RESIDENTIAL POLICIES IN THESE
01:48:33.407 --> 01:48:37.311 region:rollup2
HIGH RISK AREAS INDICATES AN
01:48:36.076 --> 01:48:38.846 region:rollup2
AVAILABILITY PROBLEM.
01:48:37.311 --> 01:48:41.782 region:rollup2
IF ANYTHING IT DEMONSTRATES A
01:48:38.846 --> 01:48:43.384 region:rollup2
MARKETPLACE IS WORKING.
01:48:41.782 --> 01:48:45.285 region:rollup2
OTHER NUMBERS ON NEW RENEWED AND
01:48:43.384 --> 01:48:45.919 region:rollup2
I'M REALLY POLICIES REFUTE ANY
01:48:45.285 --> 01:48:47.888 region:rollup2
ASSERTION THAT THERE IS A
01:48:45.919 --> 01:48:48.922 region:rollup2
PROBLEM. OF THE OVER SEVEN
01:48:47.888 --> 01:48:50.958 region:rollup2
HUNDRED FOURTEEN THOUSAND
01:48:48.922 --> 01:48:52.259 region:rollup2
POLICIES IN SELECTED COUNTIES
01:48:50.958 --> 01:48:53.927 region:rollup2
WITH THE HIGHEST PERCENTAGE HIGH
01:48:52.259 --> 01:48:55.662 region:rollup2
RISK BUYERS. JUST ABOUT ONE
01:48:53.927 --> 01:48:56.930 region:rollup2
PERCENT OF THESE POLICIES WERE
01:48:55.662 --> 01:48:58.298 region:rollup2
NON RENEWED BY THE INSURER.
01:48:56.930 --> 01:49:00.034 region:rollup2
WHILE THE OTHER FIBERS THAT WERE
01:48:58.298 --> 01:49:01.702 region:rollup2
ACTUALLY NINE WE NEED BY THE
01:49:00.034 --> 01:49:03.103 region:rollup2
POLICY HOLDER.
01:49:01.702 --> 01:49:05.005 region:rollup2
THE LOW USE OF THE CALIFORNIA
01:49:03.103 --> 01:49:06.573 region:rollup2
PET PUT THEIR PLAN WHICH IS A
01:49:05.005 --> 01:49:07.908 region:rollup2
SAFETY NET AS YOU'VE HEARD ALSO
01:49:06.573 --> 01:49:09.877 region:rollup2
DEMONSTRATES A HEALTHY PERKY
01:49:07.908 --> 01:49:11.678 region:rollup2
MARKETPLACE HIM I WILL NOT
01:49:09.877 --> 01:49:13.580 region:rollup2
DETAIL WHAT THE FAIR PLAN DOES
01:49:11.678 --> 01:49:14.915 region:rollup2
THIS. HURT.
01:49:13.580 --> 01:49:16.650 region:rollup2
INDEED SOME HOMEOWNERS MAY
01:49:14.915 --> 01:49:18.218 region:rollup2
PERCEIVE AN INDELIBLE A PROP
01:49:16.650 --> 01:49:20.354 region:rollup2
PROBLEM IF THERE LONGTIME
01:49:18.218 --> 01:49:22.156 region:rollup2
INSURER. WILL NOT RENEW THEM
01:49:20.354 --> 01:49:23.757 region:rollup2
THEY CANNOT FIND COVERAGE ON
01:49:22.156 --> 01:49:25.859 region:rollup2
THEIR FIRST ATTEMPT HOW OR IF
01:49:23.757 --> 01:49:26.727 region:rollup2
THEY CANNOT FIND COVERAGE WITH
01:49:25.859 --> 01:49:28.595 region:rollup2
THE BIG NAME INSURER.
01:49:26.727 --> 01:49:30.264 region:rollup2
HOMEOWNERS ARE FINDING INSURANCE
01:49:28.595 --> 01:49:31.198 region:rollup2
COVERAGE IN THE MIDMARKET.
01:49:30.264 --> 01:49:32.699 region:rollup2
SOMETIMES IT WILL REQUIRE
01:49:31.198 --> 01:49:35.235 region:rollup2
SHOPPING AROUND TO GETTING THIS
01:49:32.699 --> 01:49:37.104 region:rollup2
DISTANCE OF INDEPENDENT AGENT OR
01:49:35.235 --> 01:49:38.539 region:rollup2
BROKER AS YOU'LL HEAR LATER ON.
01:49:37.104 --> 01:49:40.774 region:rollup2
OR SEVEN JURORS CHOOSING NOT TO
01:49:38.539 --> 01:49:42.142 region:rollup2
RENEW IN CERTAIN AREAS YES
01:49:40.774 --> 01:49:45.679 region:rollup2
BUT AT THE SAME TIME OTHER
01:49:42.142 --> 01:49:47.181 region:rollup2
INSURERS ARE WRITING THEIR RISK.
01:49:45.679 --> 01:49:48.549 region:rollup2
THERE ARE MANY IMPORTANT REASONS
01:49:47.181 --> 01:49:50.083 region:rollup2
WHY SOME INSURERS MAY NOT BE
01:49:48.549 --> 01:49:51.618 region:rollup2
ABLE TO RENEW ALL THEIR
01:49:50.083 --> 01:49:52.686 region:rollup2
CUSTOMERS.
01:49:51.618 --> 01:49:54.588 region:rollup2
IT'S NOT BECAUSE THEY DO NOT
01:49:52.686 --> 01:49:56.090 region:rollup2
WANT THE BUSINESS IMPACT ONE MY
01:49:54.588 --> 01:49:58.492 region:rollup2
LARGE CARRIERS TELLS ME THAT IT
01:49:56.090 --> 01:49:59.059 region:rollup2
TAKES FOUR TIMES AS LONG AND
01:49:58.492 --> 01:50:00.194 region:rollup2
FOUR TIMES THE COST TO GET A
01:49:59.059 --> 01:50:01.762 region:rollup2
NEW.
01:50:00.194 --> 01:50:02.830 region:rollup2
CUSTOMER AS IT DOES TO KEEP A
01:50:01.762 --> 01:50:04.498 region:rollup2
CURRENT ONE.
01:50:02.830 --> 01:50:06.166 region:rollup2
BUT INSURERS NEED TO RESPONSIBLY
01:50:04.498 --> 01:50:07.167 region:rollup2
MANAGE AND SPREAD THEIR RISKS SO
01:50:06.166 --> 01:50:09.203 region:rollup2
THEY CAN BE THERE FOR ALL OF
01:50:07.167 --> 01:50:10.904 region:rollup2
THEIR CUSTOMERS.
01:50:09.203 --> 01:50:13.707 region:rollup2
A BIG ISSUE WITH RESPECTIVE L.
01:50:10.904 --> 01:50:15.309 region:rollup2
ABILITY IS OVER EXPOSURE. IF
01:50:13.707 --> 01:50:16.944 region:rollup2
INSURANCE OVER EXPOSED IN A
01:50:15.309 --> 01:50:18.045 region:rollup2
PARTICULAR HIGH RISK AREA THAT
01:50:16.944 --> 01:50:19.847 region:rollup2
THEY NEED TO LOWER THE
01:50:18.045 --> 01:50:22.783 region:rollup2
CONCENTRATION PREVENT FINANCIAL
01:50:19.847 --> 01:50:25.119 region:rollup2
IMPAIRMENT FROM ONE MAJOR FIRE.
01:50:22.783 --> 01:50:27.221 region:rollup2
IT'S PRO FINANCIAL SOLVENCY RISK
01:50:25.119 --> 01:50:28.889 region:rollup2
MANAGEMENT ENSURES THAT INSURERS
01:50:27.221 --> 01:50:30.324 region:rollup2
CAN KEEP THEIR PROMISES TO ALL
01:50:28.889 --> 01:50:31.592 region:rollup2
OF THEIR CUSTOMERS.
01:50:30.324 --> 01:50:32.960 region:rollup2
ACROSS THE STATE HER DEPENDING
01:50:31.592 --> 01:50:34.795 region:rollup2
ON THEM.
01:50:32.960 --> 01:50:36.096 region:rollup2
BUT IT'S IMPORTANT TO NOTE THAT
01:50:34.795 --> 01:50:37.698 region:rollup2
WERE ONE INSURER MAY NEED TO
01:50:36.096 --> 01:50:39.466 region:rollup2
PREVENT OVER CONCENTRATION IN
01:50:37.698 --> 01:50:40.634 region:rollup2
THE AREA. THE NUMBERS SHOW THAT
01:50:39.466 --> 01:50:42.736 region:rollup2
INSURANCE WITH LESS
01:50:40.634 --> 01:50:43.804 region:rollup2
CONCENTRATION RISK HAVE STEPPED
01:50:42.736 --> 01:50:45.172 region:rollup2
INTO THE MARKET TO ADDRESS
01:50:43.804 --> 01:50:46.440 region:rollup2
CONSUMER NEEDS.
01:50:45.172 --> 01:50:48.609 region:rollup2
IN A COMPETITIVE MARKETPLACE
01:50:46.440 --> 01:50:50.077 region:rollup2
THIS WILL CONTINUE.
01:50:48.609 --> 01:50:51.478 region:rollup2
SOME INSURERS ALSO NEED TO RENEW
01:50:50.077 --> 01:50:52.846 region:rollup2
CUSTOMERS IN AREAS WHERE THE
01:50:51.478 --> 01:50:55.449 region:rollup2
DEPARTMENT OF INSURANCE DOES NOT
01:50:52.846 --> 01:50:56.650 region:rollup2
PERMIT PERMIT AN ADEQUATE RATE.
01:50:55.449 --> 01:50:57.951 region:rollup2
BECAUSE INSURERS ARE PRICE
01:50:56.650 --> 01:50:59.386 region:rollup2
CONTROLLED BY THE STATE THEY
01:50:57.951 --> 01:51:01.054 region:rollup2
MUST REACT TO RATE SUPPRESSION
01:50:59.386 --> 01:51:03.323 region:rollup2
BY REDUCING THEIR EXPOSURE TO
01:51:01.054 --> 01:51:05.159 region:rollup2
RISKY AREAS OR BE FORCED HAVE
01:51:03.323 --> 01:51:08.061 region:rollup2
OTHER PARTS OF THE STATE
01:51:05.159 --> 01:51:08.562 region:rollup2
SUBSIDIZED RISKY AREAS.
01:51:08.061 --> 01:51:10.030 region:rollup2
THAT WOULD THAT MEAN FOR
01:51:08.562 --> 01:51:11.532 region:rollup2
AFFORDABILITY.
01:51:10.030 --> 01:51:13.800 region:rollup2
JUSTIFIABLY HOMEOWNERS IT
01:51:11.532 --> 01:51:14.334 region:rollup2
HOMEOWNERS INSURANCE DOES COSTS
01:51:13.800 --> 01:51:15.435 region:rollup2
BORNE RISKIER AREAS OF THE
01:51:14.334 --> 01:51:16.870 region:rollup2
STATE.
01:51:15.435 --> 01:51:19.039 region:rollup2
WE WOULD EXPECT THIS BECAUSE THE
01:51:16.870 --> 01:51:20.741 region:rollup2
PRICE MUST RELIEF REFLECT THE
01:51:19.039 --> 01:51:22.276 region:rollup2
RISK IN ORDER TO PAY CLAIMS. TO
01:51:20.741 --> 01:51:24.077 region:rollup2
DO OTHERWISE WOULD AND FAIRLY
01:51:22.276 --> 01:51:26.079 region:rollup2
RESULT HOMEOWNERS IN OTHER AREAS
01:51:24.077 --> 01:51:27.548 region:rollup2
OF THE STATE SUBSIDIZING THOSE
01:51:26.079 --> 01:51:28.682 region:rollup2
CHOOSING TO LIVE IN RISKIER
01:51:27.548 --> 01:51:30.484 region:rollup2
AREAS.
01:51:28.682 --> 01:51:31.385 region:rollup2
HONG CHURNS RATES MUST BE
01:51:30.484 --> 01:51:32.819 region:rollup2
APPROVED BY THE DEPARTMENT OF
01:51:31.385 --> 01:51:34.621 region:rollup2
INSURANCE AND MUST BE ACCURATELY
01:51:32.819 --> 01:51:35.956 region:rollup2
SOUND CANNOT BE INADEQUATE
01:51:34.621 --> 01:51:37.858 region:rollup2
EXCESSIVE OR UNFAIRLY
01:51:35.956 --> 01:51:38.926 region:rollup2
DISCRIMINATORY.
01:51:37.858 --> 01:51:40.060 region:rollup2
THE DEPARTMENT OF INSURANCE'S
01:51:38.926 --> 01:51:40.928 region:rollup2
WHITE PAPER QUESTIONS
01:51:40.060 --> 01:51:42.396 region:rollup2
AFFORDABILITY OF HOMEOWNERSHIP
01:51:40.928 --> 01:51:43.797 region:rollup2
RATES
01:51:42.396 --> 01:51:45.332 region:rollup2
HOWEVER THE DEPARTMENT ITSELF
01:51:43.797 --> 01:51:47.134 region:rollup2
MISS PRE APPROVAL HOMEOWNER
01:51:45.332 --> 01:51:48.936 region:rollup2
INSURANCE RATES INCLUDING THE
01:51:47.134 --> 01:51:52.973 region:rollup2
FAIR PLAN IN THE CALIFORNIA
01:51:48.936 --> 01:51:54.174 region:rollup2
BEFORE INSURERS CAN USE THEM.
01:51:52.973 --> 01:51:55.375 region:rollup2
SOME OF SUGGESTED UP TO I DO
01:51:54.174 --> 01:51:57.711 region:rollup2
WANT TO TALK ABOUT THIS THAT
01:51:55.375 --> 01:51:59.046 region:rollup2
MITIGATION EFFORTS SHOULD BE
01:51:57.711 --> 01:52:00.547 region:rollup2
CONSIDERED TO ADJUST RATES.
01:51:59.046 --> 01:52:02.783 region:rollup2
IT IS DIFFICULT WERE RATES ARE
01:52:00.547 --> 01:52:04.318 region:rollup2
ALREADY INADEQUATE. REGARDLESS
01:52:02.783 --> 01:52:06.086 region:rollup2
IT SHOULD BE EMPHASIZED THAT
01:52:04.318 --> 01:52:07.421 region:rollup2
MEDICATION IS JUST ONE PART OF
01:52:06.086 --> 01:52:08.522 region:rollup2
THE EQUATION.
01:52:07.421 --> 01:52:10.023 region:rollup2
MANY FACTORS GO INTO THE
01:52:08.522 --> 01:52:11.792 region:rollup2
UNDERWRITING OF RISK IN ADDITION
01:52:10.023 --> 01:52:14.595 region:rollup2
TO MEDICATION INCLUDING
01:52:11.792 --> 01:52:17.297 region:rollup2
VEGETATION WHICH IS ACTUALLY THE
01:52:14.595 --> 01:52:18.565 region:rollup2
PREDOMINANT CONCERN. ROAD ACCESS
01:52:17.297 --> 01:52:19.833 region:rollup2
AND SLOW.
01:52:18.565 --> 01:52:22.502 region:rollup2
SOME OF THESE FACTORS CANNOT BE
01:52:19.833 --> 01:52:23.604 region:rollup2
CONTROLLED EVEN WITH MEDICATION.
01:52:22.502 --> 01:52:25.606 region:rollup2
FOR EXAMPLE DURING THE RECENT
01:52:23.604 --> 01:52:27.207 region:rollup2
WILDFIRES HELLFIRE COULD NOT
01:52:25.606 --> 01:52:28.242 region:rollup2
DRIVE DOWN CERTAIN CLOTHES SOCKS
01:52:27.207 --> 01:52:29.576 region:rollup2
BECAUSE THEY WEREN'T WIDE ENOUGH
01:52:28.242 --> 01:52:31.545 region:rollup2
FOR THEM TO BE ABLE TO TURN
01:52:29.576 --> 01:52:33.513 region:rollup2
THEIR ENGINES AROUND.
01:52:31.545 --> 01:52:35.549 region:rollup2
STILL INJURIES GENERALLY SUPPORT
01:52:33.513 --> 01:52:37.251 region:rollup2
HOME SPECIFIC AND COMMUNICATE
01:52:35.549 --> 01:52:38.619 region:rollup2
COMMUNITY MITIGATION EFFORTS.
01:52:37.251 --> 01:52:40.287 region:rollup2
INSURERS AT BUNDY COMMUNITY
01:52:38.619 --> 01:52:41.855 region:rollup2
EFFORTS FOR MANY YEARS THROUGH
01:52:40.287 --> 01:52:43.690 region:rollup2
GRANTS TO FIRE CITY COUNCILS
01:52:41.855 --> 01:52:45.092 region:rollup2
EMPIRE WHITES COMMUNITIES.
01:52:43.690 --> 01:52:46.493 region:rollup2
THEY ALSO SUPPORT MORE STRINGENT
01:52:45.092 --> 01:52:47.494 region:rollup2
BUILDING SANDERS WITH FIRE
01:52:46.493 --> 01:52:49.396 region:rollup2
RESISTANT MATERIALS AND
01:52:47.494 --> 01:52:50.597 region:rollup2
TECHNIQUES. HOWEVER THERE ARE
01:52:49.396 --> 01:52:51.932 region:rollup2
LIMITS TO THE ABILITY OF
01:52:50.597 --> 01:52:54.501 region:rollup2
HOMEOWNERS AND COMMUNITIES TO
01:52:51.932 --> 01:52:55.068 region:rollup2
PROTECT HOMES WHEN CONFRONTED
01:52:54.501 --> 01:52:55.902 region:rollup2
WITH THE MAJOR UNCONTROLLED
01:52:55.068 --> 01:52:57.437 region:rollup2
FIRE.
01:52:55.902 --> 01:52:59.640 region:rollup2
WITH ALL THAT IN SANTA ROSA I
01:52:57.437 --> 01:53:00.807 region:rollup2
ALSO WAS RECENTLY AT A TRIMMERS
01:52:59.640 --> 01:53:03.210 region:rollup2
HOLLY TASK FORCE.
01:53:00.807 --> 01:53:05.746 region:rollup2
MEETING WHERE CAL FIRE PRESENTED
01:53:03.210 --> 01:53:07.080 region:rollup2
AND. SHOWED DIFFERENT AREAS OF
01:53:05.746 --> 01:53:09.249 region:rollup2
THE CULT OF THE SENATE AS AN ART
01:53:07.080 --> 01:53:11.018 region:rollup2
BAY FIRES. ON THE SHOULD ONE
01:53:09.249 --> 01:53:12.753 region:rollup2
EXAMPLE OF A FIRE WISE COMMUNITY
01:53:11.018 --> 01:53:15.122 region:rollup2
THAT SURVIVED AND ONE THAT DID
01:53:12.753 --> 01:53:16.223 region:rollup2
NOT AND SO WHEN I ASKED.
01:53:15.122 --> 01:53:17.291 region:rollup2
KELP WIRED.
01:53:16.223 --> 01:53:18.525 region:rollup2
WHAT DO WE DO ABOUT LITIGATION
01:53:17.291 --> 01:53:20.394 region:rollup2
IS AT WORK IN THE SAID PAUL
01:53:18.525 --> 01:53:21.828 region:rollup2
SOMETIMES IT DOES AND SOMETIMES
01:53:20.394 --> 01:53:23.230 region:rollup2
IT DOESN'T?
01:53:21.828 --> 01:53:24.164 region:rollup2
SO WE WOULD YOU KNOW OBVIOUSLY
01:53:23.230 --> 01:53:25.666 region:rollup2
WANT TO SUPPORT PEOPLE
01:53:24.164 --> 01:53:27.768 region:rollup2
MITIGATING BECAUSE THEY CAN'T
01:53:25.666 --> 01:53:29.169 region:rollup2
HELP BUT IT'S VERY DIFFICULT TO
01:53:27.768 --> 01:53:30.771 region:rollup2
PROVIDE DISCOUNTS ESPECIALLY
01:53:29.169 --> 01:53:32.506 region:rollup2
THOSE INADEQUATE RATES.
01:53:30.771 --> 01:53:35.776 region:rollup2
FIRST SOMETHING THAT MAY NOT
01:53:32.506 --> 01:53:36.843 region:rollup2
WORK AS WELL.
01:53:35.776 --> 01:53:38.111 region:rollup2
BEFORE I CONCLUDE I FEEL
01:53:36.843 --> 01:53:40.113 region:rollup2
COMPELLED I DO FEEL COMPELLED
01:53:38.111 --> 01:53:41.114 region:rollup2
THE COMMENT GENERALLY ON THE
01:53:40.113 --> 01:53:42.983 region:rollup2
FACT THAT SEVENTY PIECE OF THE
01:53:41.114 --> 01:53:44.785 region:rollup2
LEGISLATION HAD BEEN INTRODUCED
01:53:42.983 --> 01:53:46.019 region:rollup2
TO ADDRESS PROBLEMS THAT MAY NOT
01:53:44.785 --> 01:53:47.220 region:rollup2
EXIST.
01:53:46.019 --> 01:53:48.455 region:rollup2
EVER HAVE A COMIC THAT I WILL
01:53:47.220 --> 01:53:50.157 region:rollup2
COME AT THE MANY THESE COMMENTS
01:53:48.455 --> 01:53:51.658 region:rollup2
CONCEPTS PLACE SIGNIFICANT
01:53:50.157 --> 01:53:53.427 region:rollup2
RESTRICTIONS ON THE ABILITY OF
01:53:51.658 --> 01:53:54.961 region:rollup2
INSURERS TO RESPONSIBLY MANAGING
01:53:53.427 --> 01:53:57.431 region:rollup2
BALANCE THEIR BUSINESS. AND
01:53:54.961 --> 01:53:58.732 region:rollup2
COULD CAUSE A TRUE AVAILABILITY
01:53:57.431 --> 01:54:01.034 region:rollup2
CRISIS AND WE DON'T WANT.
01:53:58.732 --> 01:54:03.437 region:rollup2
IN AFTERMATH OF NORTHRIDGE
01:54:01.034 --> 01:54:05.572 region:rollup2
EARTHQUAKE. WE WE SAW WHAT COULD
01:54:03.437 --> 01:54:07.074 region:rollup2
HAPPEN STATE LAW MANDATED
01:54:05.572 --> 01:54:08.875 region:rollup2
INSURANCE TO OFFER EARTHQUAKE
01:54:07.074 --> 01:54:10.143 region:rollup2
COVERAGE EVERYTIME THEY SOLD
01:54:08.875 --> 01:54:11.178 region:rollup2
HOMEOWNERS INSURANCE POLICY.
01:54:10.143 --> 01:54:12.713 region:rollup2
FOLLOWING THE NORTHRIDGE
01:54:11.178 --> 01:54:14.047 region:rollup2
EARTHQUAKE INSURANCE BEGAN
01:54:12.713 --> 01:54:16.283 region:rollup2
RESTRICTING HOMEOWNERS INSURANCE
01:54:14.047 --> 01:54:17.584 region:rollup2
SALES IN THE STATE BECAUSE THEY
01:54:16.283 --> 01:54:18.885 region:rollup2
COULD NOT RESPONSIBLY CONTINUE
01:54:17.584 --> 01:54:21.188 region:rollup2
TO WRITE EARTHQUAKE INSURANCE
01:54:18.885 --> 01:54:22.723 region:rollup2
POLICIES. AS THE PROBLEM MORE ON
01:54:21.188 --> 01:54:23.857 region:rollup2
THE REAL ESTATE INDUSTRY BEGAN
01:54:22.723 --> 01:54:26.093 region:rollup2
TO EXPERIENCE DIFFICULTIES WITH
01:54:23.857 --> 01:54:27.527 region:rollup2
S. GROWS AND CALIFORNIA CONDOM
01:54:26.093 --> 01:54:29.229 region:rollup2
USE AFFECTED. THE STATE
01:54:27.527 --> 01:54:31.031 region:rollup2
RESPONDED BY CREATING THE
01:54:29.229 --> 01:54:32.165 region:rollup2
CALIFORNIA EARTHQUAKE AUTHORITY.
01:54:31.031 --> 01:54:33.734 region:rollup2
THE DIFFERENT THAN THE CALIBER
01:54:32.165 --> 01:54:35.435 region:rollup2
AND DIFFERENT THAN CALIFORNIA
01:54:33.734 --> 01:54:37.838 region:rollup2
CREATED FAIR PLAN. BOTH SERVE
01:54:35.435 --> 01:54:39.106 region:rollup2
THE SAME PURPOSE OF ENSURING AN
01:54:37.838 --> 01:54:40.574 region:rollup2
OPTION THAT IS ALWAYS AVAILABLE
01:54:39.106 --> 01:54:41.842 region:rollup2
FOR PHONE MANNERS.
01:54:40.574 --> 01:54:43.510 region:rollup2
HOWEVER UNLIKE EARTHQUAKE
01:54:41.842 --> 01:54:45.645 region:rollup2
INSURANCE HERE THERE IS A
01:54:43.510 --> 01:54:46.413 region:rollup2
THRIVING PRIVATE MARKET FOR FIRE
01:54:45.645 --> 01:54:48.014 region:rollup2
INSURANCE THAT WE NEED TO
01:54:46.413 --> 01:54:49.649 region:rollup2
PRESERVE. RATHER THAN JEOPARDIZE
01:54:48.014 --> 01:54:50.083 region:rollup2
WITH LEGISLATION THAT COULD
01:54:49.649 --> 01:54:51.518 region:rollup2
RESULT IN UNINTENDED
01:54:50.083 --> 01:54:52.786 region:rollup2
CONSEQUENCES.
01:54:51.518 --> 01:54:54.254 region:rollup2
IN CONCLUSION CALIFORNIA'S
01:54:52.786 --> 01:54:56.289 region:rollup2
INSURANCE MARKET IS HEALTHY AND
01:54:54.254 --> 01:54:58.158 region:rollup2
VIABLE. INSURANCE IS AVAILABLE
01:54:56.289 --> 01:54:59.726 region:rollup2
THROUGHOUT THE STATE. IN THIS
01:54:58.158 --> 01:55:01.528 region:rollup2
NEW NORMAL OF LONGER FIRE
01:54:59.726 --> 01:55:03.296 region:rollup2
SEASONS AND MORE FIRED DUE TO
01:55:01.528 --> 01:55:05.165 region:rollup2
DROUGHT AND OUTDATED FORESTRY
01:55:03.296 --> 01:55:07.467 region:rollup2
MANAGEMENT PRACTICES. COMMITTEES
01:55:05.165 --> 01:55:08.635 region:rollup2
MAY NEED TO SHOP AROUND MORE BUT
01:55:07.467 --> 01:55:10.070 region:rollup2
THERE ARE OPTIONS AVAILABLE.
01:55:08.635 --> 01:55:11.238 region:rollup2
AS LONG AS INSURERS ARE ABLE TO
01:55:10.070 --> 01:55:12.639 region:rollup2
MANAGE THEIR RISK APPROPRIATELY
01:55:11.238 --> 01:55:14.107 region:rollup2
AND HAVE ADEQUATE RATES TO PAY
01:55:12.639 --> 01:55:15.675 region:rollup2
CLAIMS INSURERS WILL CONTINUE TO
01:55:14.107 --> 01:55:16.810 region:rollup2
WRITE IN THE STATE.
01:55:15.675 --> 01:55:17.911 region:rollup2
WE LOOK FORWARD TO WORKING WITH
01:55:16.810 --> 01:55:19.913 region:rollup2
THE LEGISLATURE TO COME TO
01:55:17.911 --> 01:55:21.081 region:rollup2
SOLUTIONS TO INSURING THAT JUST
01:55:19.913 --> 01:55:23.216 region:rollup2
INSURANCE MARKET WORKS AND
01:55:21.081 --> 01:55:25.085 region:rollup2
CONTINUING TO SUPPORT EFFORTS TO
01:55:23.216 --> 01:55:25.685 region:rollup2
PROPERLY MANAGE OUR FORESTS.
01:55:25.085 --> 01:55:26.453 region:rollup2
THANK YOU FOR THE OPPORTUNITY
01:55:25.685 --> 01:55:27.988 region:rollup2
SPEAK.
01:55:26.453 --> 01:55:30.257 region:rollup2
THANK YOU VERY MUCH OUR NEXT
01:55:27.988 --> 01:55:31.258 region:rollup2
SPEAKER IS BILL CARNEGIE. DID I
01:55:30.257 --> 01:55:32.726 region:rollup2
PRONOUNCE RIGHTS ARE YOU DEAD
01:55:31.258 --> 01:55:34.027 region:rollup2
THANK YOU.
01:55:32.726 --> 01:55:34.394 region:rollup2
COME MY NAME IS BILL KLEIN QUE
01:55:34.027 --> 01:55:36.163 region:rollup2
I'M.
01:55:34.394 --> 01:55:37.798 region:rollup2
THE OWNER AND PRESIDENT OF A
01:55:36.163 --> 01:55:40.100 region:rollup2
SMALL DOMESTIC INSURANCE COMPANY
01:55:37.798 --> 01:55:41.868 region:rollup2
CALLED SATTAR. WERE DOMICILED IN
01:55:40.100 --> 01:55:42.169 region:rollup2
PETALUMA CALIFORNIA AND I LIVE
01:55:41.868 --> 01:55:45.238 region:rollup2
IN OF AUTO.
01:55:42.169 --> 01:55:46.706 region:rollup2
.
01:55:45.238 --> 01:55:47.574 region:rollup2
SOUTHERN CHARM'S COMPANY RIGHTS
01:55:46.706 --> 01:55:49.075 region:rollup2
BETWEEN TWENTY AND THIRTY
01:55:47.574 --> 01:55:49.876 region:rollup2
MILLION DOLLARS IN PREMIUM
01:55:49.075 --> 01:55:51.845 region:rollup2
DEPENDING ON.
01:55:49.876 --> 01:55:53.113 region:rollup2
THE MARKETPLACE OF THAT ABOUT A
01:55:51.845 --> 01:55:54.181 region:rollup2
MILLION YEARS CALIFORNIA
01:55:53.113 --> 01:55:55.315 region:rollup2
HOMEOWNERS.
01:55:54.181 --> 01:55:56.750 region:rollup2
ALL OF OUR BUSINESSES IN
01:55:55.315 --> 01:55:58.151 region:rollup2
CALIFORNIA WE DO RIGHT IN FIRE
01:55:56.750 --> 01:56:00.220 region:rollup2
PRONE AREAS.
01:55:58.151 --> 01:56:01.454 region:rollup2
ABOUT FIFTEEN YEARS AGO I WAS
01:56:00.220 --> 01:56:03.290 region:rollup2
ASKED TO JOIN A.
01:56:01.454 --> 01:56:04.057 region:rollup2
NEWLY STARTED LOBBYING GROUP
01:56:03.290 --> 01:56:05.659 region:rollup2
CALLED PADDICK.
01:56:04.057 --> 01:56:07.594 region:rollup2
PATTED HIS MEDICAL OF ONLY
01:56:05.659 --> 01:56:09.196 region:rollup2
DOMESTIC INSURANCE COMPANIES
01:56:07.594 --> 01:56:10.597 region:rollup2
COMMITTED TO RETELL PRODUCERS
01:56:09.196 --> 01:56:11.765 region:rollup2
ARE COMMITTED TO THE CALIFORNIA.
01:56:10.597 --> 01:56:13.099 region:rollup2
.
01:56:11.765 --> 01:56:14.968 region:rollup2
INFRASTRUCTURE.
01:56:13.099 --> 01:56:16.603 region:rollup2
ALL OF OUR THIRTEEN MEMBERS ARE
01:56:14.968 --> 01:56:18.004 region:rollup2
PRETTY PROACTIVE AND WE WE TRY
01:56:16.603 --> 01:56:19.005 region:rollup2
TO GET THE WORD OUT OF WHAT'S
01:56:18.004 --> 01:56:20.640 region:rollup2
BEST FOR US AND WE START THAT
01:56:19.005 --> 01:56:21.775 region:rollup2
ORGANIZATION BECAUSE WE DON'T
01:56:20.640 --> 01:56:23.376 region:rollup2
THINK OUR VOICE WAS HEARD SORTS
01:56:21.775 --> 01:56:24.411 region:rollup2
OF OUR PLEASURE. VERY MUCH A
01:56:23.376 --> 01:56:26.580 region:rollup2
PLEASURE MINE TO BE HERE TODAY
01:56:24.411 --> 01:56:26.913 region:rollup2
TO BE ABLE TO GET MY VOICE HEARD
01:56:26.580 --> 01:56:28.515 region:rollup2
IN THIS TOPIC.
01:56:26.913 --> 01:56:30.016 region:rollup2
.
01:56:28.515 --> 01:56:31.451 region:rollup2
WHEN WE TALK ABOUT AVAILABILITY
01:56:30.016 --> 01:56:33.019 region:rollup2
INSURANCE ONE OF THE THINGS THAT
01:56:31.451 --> 01:56:34.855 region:rollup2
IS OVERLAPPING I HAVEN'T HEARD
01:56:33.019 --> 01:56:36.590 region:rollup2
ANYONE TALK ABOUT YET IS BUYING
01:56:34.855 --> 01:56:38.892 region:rollup2
INSURANCE IS A STRATEGY.
01:56:36.590 --> 01:56:39.993 region:rollup2
WHEN OUR FUTURE PART ME LET'S
01:56:38.892 --> 01:56:41.728 region:rollup2
GO BACK AND KIND OF LOOK AT THE
01:56:39.993 --> 01:56:43.330 region:rollup2
TOPS FIRE THAT STUFF TWENTY
01:56:41.728 --> 01:56:44.164 region:rollup2
MILES FROM OUR OFFICES.
01:56:43.330 --> 01:56:45.966 region:rollup2
.
01:56:44.164 --> 01:56:46.900 region:rollup2
WE DIDN'T LOSE A SINGLE HOME IN
01:56:45.966 --> 01:56:48.835 region:rollup2
THE TOPS FIRE WE HAD.
01:56:46.900 --> 01:56:50.170 region:rollup2
EMPLOYEES LOSE THEIR HOMES MY
01:56:48.835 --> 01:56:51.872 region:rollup2
DAD LOST HIS HOME IN A
01:56:50.170 --> 01:56:54.007 region:rollup2
CONVALESCENT MEMBER CARE UNIT.
01:56:51.872 --> 01:56:54.207 region:rollup2
IT WAS A PRETTY SCARY COUPLE
01:56:54.007 --> 01:56:55.976 region:rollup2
DAYS.
01:56:54.207 --> 01:56:57.811 region:rollup2
.
01:56:55.976 --> 01:56:59.179 region:rollup2
PART WITHOUT SAID DOWN LET'S
01:56:57.811 --> 01:57:00.480 region:rollup2
START BY CALISTOGA ROAD IT'S
01:56:59.179 --> 01:57:02.449 region:rollup2
PRETTY MUCH THE ORIGIN OF THE
01:57:00.480 --> 01:57:04.484 region:rollup2
FIRE MY FATHER IN LAW LIVES UP
01:57:02.449 --> 01:57:07.053 region:rollup2
THERE HIS HOUSE IS A DISASTER IT
01:57:04.484 --> 01:57:07.954 region:rollup2
IS A WOOD SHAKE A STRUCK A FRAME
01:57:07.053 --> 01:57:09.723 region:rollup2
STRUCTURE HOUSE WOULD TACK
01:57:07.954 --> 01:57:10.957 region:rollup2
AROUND IT. FUEL LOADS LITERALLY
01:57:09.723 --> 01:57:12.926 region:rollup2
TOUCHING THE HOUSE HE'S GOT
01:57:10.957 --> 01:57:13.927 region:rollup2
COMBUSTIBLE FLUIDS FUELS DIESEL
01:57:12.926 --> 01:57:16.663 region:rollup2
FUELS.
01:57:13.927 --> 01:57:18.632 region:rollup2
HE'S GOT MANZANITA AT THIS THIS
01:57:16.663 --> 01:57:20.166 region:rollup2
IS A A RISK THAT. NO ONE WOULD
01:57:18.632 --> 01:57:22.168 region:rollup2
WANT TO TOUCH HIS ON STEEP GRADE
01:57:20.166 --> 01:57:24.004 region:rollup2
HE'S GOTTA KNOW ACCESS ON THE
01:57:22.168 --> 01:57:25.972 region:rollup2
STREET AT ALL. AND.
01:57:24.004 --> 01:57:26.973 region:rollup2
HIS STRATEGY TO MINOR CHARGES
01:57:25.972 --> 01:57:28.308 region:rollup2
CAN BE VERY DIFFERENT US MOVE
01:57:26.973 --> 01:57:29.709 region:rollup2
DOWN THROUGH.
01:57:28.308 --> 01:57:31.278 region:rollup2
THE VALLEY BACK UP TO FOUND
01:57:29.709 --> 01:57:32.846 region:rollup2
GROW WE RENTED A MILLION DOLLAR
01:57:31.278 --> 01:57:34.414 region:rollup2
HOMES MAYBE MULTIMILLION DOLLAR
01:57:32.846 --> 01:57:36.783 region:rollup2
HOMES AND UNDERWRITERS DREAM
01:57:34.414 --> 01:57:38.585 region:rollup2
COME TRUE THEIR STUCCO CITING
01:57:36.783 --> 01:57:40.954 region:rollup2
TILE HOUSES. CEMENT RETAINING
01:57:38.585 --> 01:57:42.355 region:rollup2
WALLS NON COMBUSTIBLE PLANTS
01:57:40.954 --> 01:57:44.024 region:rollup2
THERE'S HUNDREDS TWO HUNDRED
01:57:42.355 --> 01:57:46.259 region:rollup2
THREE HUNDRED FEET BETWEEN THESE
01:57:44.024 --> 01:57:48.461 region:rollup2
THESE VERY LARGE HOMES.
01:57:46.259 --> 01:57:51.298 region:rollup2
THEN FOR WHICH WE GO DOWN
01:57:48.461 --> 01:57:53.633 region:rollup2
ACROSS WANNA WANNA GET TO WITH
01:57:51.298 --> 01:57:56.202 region:rollup2
THE TOPS ARE WITH THE TYPES FIRE
01:57:53.633 --> 01:57:56.870 region:rollup2
HITS COFFEE PARK.
01:57:56.202 --> 01:57:57.570 region:rollup2
THAT IS A BEAUTIFUL NEIGHBORHOOD
01:57:56.870 --> 01:57:58.204 region:rollup2
HARDWORKING PEOPLE IT'S KIND OF
01:57:57.570 --> 01:57:59.039 region:rollup2
A STARTER COMMUNITY MAYBE FOR A
01:57:58.204 --> 01:57:59.873 region:rollup2
LOT OF PEOPLE NEW HOME BUYERS.
01:57:59.039 --> 01:58:00.073 region:rollup2
COULD BE HARD WORKING PEOPLE
01:57:59.873 --> 01:58:01.841 region:rollup2
LIVE.
01:58:00.073 --> 01:58:03.143 region:rollup2
LIVED AND STILL LIVING COFFEE
01:58:01.841 --> 01:58:04.210 region:rollup2
PARKING AND RETIREES ARE
01:58:03.143 --> 01:58:06.479 region:rollup2
DOWNSIZING.
01:58:04.210 --> 01:58:07.747 region:rollup2
THE STRATEGY THERE IS REALLY
01:58:06.479 --> 01:58:09.149 region:rollup2
KIND OF WHAT EVERYONE'S BEEN
01:58:07.747 --> 01:58:10.817 region:rollup2
TALKING ABOUT THAT'S PRICE THAT
01:58:09.149 --> 01:58:12.185 region:rollup2
ONE AFFORDABLE INSURANCE.
01:58:10.817 --> 01:58:14.621 region:rollup2
COFFEE PARK IS.
01:58:12.185 --> 01:58:16.089 region:rollup2
AN ABSOLUTE WONDERFUL PLACE TO
01:58:14.621 --> 01:58:18.458 region:rollup2
LIVE AS WE MOVE TO FOUND GROW
01:58:16.089 --> 01:58:20.126 region:rollup2
THE STRATEGY THERE IS NOT PRICE
01:58:18.458 --> 01:58:21.127 region:rollup2
IT'S COVERAGE THAT MIGHT WANT
01:58:20.126 --> 01:58:22.395 region:rollup2
ADMITTED MARKETS THEY MIGHT
01:58:21.127 --> 01:58:23.830 region:rollup2
WANNA CALIFORNIA TOM SOUTH
01:58:22.395 --> 01:58:25.465 region:rollup2
COMPANY. BUT THEY HAVE
01:58:23.830 --> 01:58:26.800 region:rollup2
INTELLECTUAL PROPERTIES AND IN
01:58:25.465 --> 01:58:29.469 region:rollup2
BED IN THE HOMEOWNERS THEY HAVE
01:58:26.800 --> 01:58:31.204 region:rollup2
FINE ARTS JEWELRY PAINTINGS IT'S
01:58:29.469 --> 01:58:32.772 region:rollup2
A VERY DIFFERENT POLICY THAN A
01:58:31.204 --> 01:58:34.174 region:rollup2
STANDARD HOMEOWNER'S POLICY. THE
01:58:32.772 --> 01:58:36.176 region:rollup2
IDEA RIGHT NOW THAT ONE SIZE
01:58:34.174 --> 01:58:37.777 region:rollup2
FITS ALL SHOULD BE VERY CLEAR IT
01:58:36.176 --> 01:58:39.179 region:rollup2
IS IT IS ABSOLUTELY NOT
01:58:37.777 --> 01:58:40.780 region:rollup2
ACCEPTABLE WITHIN THE RANK OF
01:58:39.179 --> 01:58:42.749 region:rollup2
WHAT WE ENSURE. TO WHAT THE
01:58:40.780 --> 01:58:44.050 region:rollup2
SUPER STOCK COMPANIES TO ENSURE
01:58:42.749 --> 01:58:45.819 region:rollup2
THAT WE GET BACK TO MY FATHER IN
01:58:44.050 --> 01:58:47.387 region:rollup2
LAW AND HIS POOR STRATEGY MATT
01:58:45.819 --> 01:58:49.723 region:rollup2
DISASTER OF A STRUCTURE IS. HELD
01:58:47.387 --> 01:58:51.091 region:rollup2
HELD HELD TAKE ANYTHING ANY
01:58:49.723 --> 01:58:52.559 region:rollup2
SLOPPY COMPANIES WANT TO GET
01:58:51.091 --> 01:58:54.294 region:rollup2
THEM BECAUSE HE JUST NEEDS
01:58:52.559 --> 01:58:55.929 region:rollup2
COVERAGE AND HE'S GONNA PAY FOR.
01:58:54.294 --> 01:58:56.997 region:rollup2
FOR HIS ISOLATIONISM.
01:58:55.929 --> 01:58:58.999 region:rollup2
.
01:58:56.997 --> 01:59:00.567 region:rollup2
SO. WITH THAT SAID I THINK THAT.
01:58:58.999 --> 01:59:02.702 region:rollup2
.
01:59:00.567 --> 01:59:04.270 region:rollup2
THE HEALTH OF THE ECONOMY HEALTH
01:59:02.702 --> 01:59:06.139 region:rollup2
OF FIRE INSURANCE IS IS VERY
01:59:04.270 --> 01:59:07.574 region:rollup2
PREVALENT MY COMPANY OUT OF ALL
01:59:06.139 --> 01:59:09.275 region:rollup2
TAKE EVERY SINGLE HOUSE IN
01:59:07.574 --> 01:59:10.543 region:rollup2
COFFEE PARK. AS THEY REBUILD
01:59:09.275 --> 01:59:12.312 region:rollup2
TAKE EVERYONE OF THEM UP IN
01:59:10.543 --> 01:59:12.846 region:rollup2
FOUNTAIN GROVE ALRIGHT ONE AND
01:59:12.312 --> 01:59:13.913 region:rollup2
THREE I STILL NEED SPREAD
01:59:12.846 --> 01:59:15.615 region:rollup2
ARREST.
01:59:13.913 --> 01:59:17.150 region:rollup2
IN A MATTER WILL MY FATHER LA
01:59:15.615 --> 01:59:17.417 region:rollup2
DOESN'T MIND SHARING HIS
01:59:17.150 --> 01:59:18.351 region:rollup2
PROPERTY.
01:59:17.417 --> 01:59:18.752 region:rollup2
.
01:59:18.351 --> 01:59:20.887 region:rollup2
SO.
01:59:18.752 --> 01:59:23.423 region:rollup2
HIS THAT IS VERY COMFORTING HA
01:59:20.887 --> 01:59:24.924 region:rollup2
HA HA HA.
01:59:23.423 --> 01:59:26.726 region:rollup2
SO I'M HIDING IN THERE THERE'S A
01:59:24.924 --> 01:59:28.662 region:rollup2
TON OF MONEY POURING INTO ON THE
01:59:26.726 --> 01:59:29.996 region:rollup2
INSURANCE ARENA I'M ONE OF THE
01:59:28.662 --> 01:59:31.264 region:rollup2
THINGS THAT WE HAVE TO DO IN
01:59:29.996 --> 01:59:32.766 region:rollup2
ORDER TO MAKE SURE WE'RE HEALTHY
01:59:31.264 --> 01:59:34.234 region:rollup2
IS WE HAVE TO OBVIOUSLY WE ARE
01:59:32.766 --> 01:59:36.770 region:rollup2
REGULATORY CONSTRAINTS AND
01:59:34.234 --> 01:59:38.271 region:rollup2
PASSED. AS WELL AS ON OUR OWN RE
01:59:36.770 --> 01:59:40.240 region:rollup2
INSURANCE PURCHASING WHICH GIVES
01:59:38.271 --> 01:59:41.207 region:rollup2
US FURTHER SPREAD OF RISK.
01:59:40.240 --> 01:59:42.542 region:rollup2
.
01:59:41.207 --> 01:59:44.310 region:rollup2
I THINK YOU KNOW IF YOU REALLY
01:59:42.542 --> 01:59:46.379 region:rollup2
FEEL LIKE THERE IS.
01:59:44.310 --> 01:59:48.281 region:rollup2
NOT ENOUGH COMPETITION FOR
01:59:46.379 --> 01:59:49.616 region:rollup2
DYNAMIC PLACE NOT JUST SOME FUN
01:59:48.281 --> 01:59:51.017 region:rollup2
WITH NUMBERS THERE'S PROBABLY
01:59:49.616 --> 01:59:52.552 region:rollup2
THIRTY FIVE HUNDRED FOUR
01:59:51.017 --> 01:59:53.887 region:rollup2
THOUSAND INSURANCE COMPANIES
01:59:52.552 --> 01:59:55.755 region:rollup2
REGULATOR NOT REGULATED BUT
01:59:53.887 --> 01:59:56.690 region:rollup2
REVIEWED BY AND PASSED. ON
01:59:55.755 --> 01:59:58.324 region:rollup2
THERE'S ONLY TWELVE HUNDRED
01:59:56.690 --> 01:59:59.659 region:rollup2
FORTY TO THOSE THAT ARE LICENSED
01:59:58.324 --> 02:00:00.527 region:rollup2
TO DO BUSINESS IN CALIFORNIA
01:59:59.659 --> 02:00:01.261 region:rollup2
THAT WOULD INCLUDE LIFE AND
02:00:00.527 --> 02:00:03.263 region:rollup2
HEALTH.
02:00:01.261 --> 02:00:05.231 region:rollup2
OF THOSE ONLY A HUNDRED AND
02:00:03.263 --> 02:00:06.833 region:rollup2
SEVEN COMPANIES HAMAR ACTUALLY
02:00:05.231 --> 02:00:08.568 region:rollup2
LICENSE STRIPED HOMEOWNERS
02:00:06.833 --> 02:00:11.071 region:rollup2
BUSINESS IN CALIFORNIA.
02:00:08.568 --> 02:00:12.338 region:rollup2
OF OUR. DOMESTIC COMPANIES THAT
02:00:11.071 --> 02:00:14.107 region:rollup2
ARE MEMBERS OF PATRICK.
02:00:12.338 --> 02:00:15.475 region:rollup2
THERE'S PROBABLY ONLY ABOUT SO
02:00:14.107 --> 02:00:17.911 region:rollup2
TWELVE THEIR WRITING THAT ARE
02:00:15.475 --> 02:00:19.679 region:rollup2
DOMICILED HERE SO I WOULD CAN
02:00:17.911 --> 02:00:20.780 region:rollup2
REVERSE THE WHOLE BOMB. YOU KNOW
02:00:19.679 --> 02:00:22.348 region:rollup2
DISCUSSION YOU GOTTA LOOK AT
02:00:20.780 --> 02:00:23.850 region:rollup2
LOOK AT IT UPSIDE DOWN LET'S
02:00:22.348 --> 02:00:25.618 region:rollup2
INVITE MORE CARRIERS AND.
02:00:23.850 --> 02:00:26.252 region:rollup2
TO DO THAT.
02:00:25.618 --> 02:00:27.620 region:rollup2
.
02:00:26.252 --> 02:00:28.955 region:rollup2
IT KIND OF A FUNNY TOPIC THESE
02:00:27.620 --> 02:00:30.523 region:rollup2
EAST COAST COMPANIES SOUTHEAST
02:00:28.955 --> 02:00:32.525 region:rollup2
COMPANIES MIDWEST COMPANIES ALL
02:00:30.523 --> 02:00:33.760 region:rollup2
THE MUTUALS. THEY'RE MORE AFRAID
02:00:32.525 --> 02:00:35.395 region:rollup2
OF THE CALIFORNIA GOVERNMENT
02:00:33.760 --> 02:00:37.697 region:rollup2
THAN THEY ARE THE WILD FIRES SO
02:00:35.395 --> 02:00:39.466 region:rollup2
IF YOU WANT A DYNAMIC PLACE YOU
02:00:37.697 --> 02:00:39.833 region:rollup2
SHOULD WELCOME THESE COMPANIES
02:00:39.466 --> 02:00:41.668 region:rollup2
AND.
02:00:39.833 --> 02:00:42.268 region:rollup2
ALLOW THEM KIND OF THE FREEDOM
02:00:41.668 --> 02:00:43.870 region:rollup2
TO MOVE.
02:00:42.268 --> 02:00:45.305 region:rollup2
ALLOW THEM ONE COMPANY TO
02:00:43.870 --> 02:00:45.972 region:rollup2
CREATE A STRATEGY FOR THE
02:00:45.305 --> 02:00:47.607 region:rollup2
WEALTHY ANOTHER FOR
02:00:45.972 --> 02:00:49.509 region:rollup2
AFFORDABILITY AND I THINK YOU
02:00:47.607 --> 02:00:51.177 region:rollup2
HAVE A REALLY DYNAMIC WORKPLACE
02:00:49.509 --> 02:00:52.946 region:rollup2
AND I. SITTING HERE NEXT TO.
02:00:51.177 --> 02:00:54.581 region:rollup2
OF A FRIEND AND FELLOW
02:00:52.946 --> 02:00:56.649 region:rollup2
PROFESSIONAL THERE'S AN ARMY OF.
02:00:54.581 --> 02:00:57.817 region:rollup2
AT INDEPENDENT BROKERS.
02:00:56.649 --> 02:00:59.652 region:rollup2
THEY'RE HELPING INSUREDS
02:00:57.817 --> 02:01:01.087 region:rollup2
EVERYDAY LIKE THAT NUMBERS ARE
02:00:59.652 --> 02:01:02.756 region:rollup2
FORTY SOMEWHAT THOUSAND
02:01:01.087 --> 02:01:04.624 region:rollup2
INDIVIDUAL BROKER LICENSES OUT
02:01:02.756 --> 02:01:06.126 region:rollup2
THERE THERE'S A LOT TO HELP
02:01:04.624 --> 02:01:08.228 region:rollup2
NATURAL RESOURCES RIGHT NOW.
02:01:06.126 --> 02:01:09.696 region:rollup2
THAT WOULD HELP A BROKER GET
02:01:08.228 --> 02:01:11.698 region:rollup2
BUSINESS TO ACCOMPANY.
02:01:09.696 --> 02:01:13.333 region:rollup2
AND WE FIGHT REALLY HARD FOR
02:01:11.698 --> 02:01:15.001 region:rollup2
BUSINESS AND I'M ONLY ABLE TO
02:01:13.333 --> 02:01:17.403 region:rollup2
WRITE ABOUT A MILLION OF IT SO
02:01:15.001 --> 02:01:17.837 region:rollup2
WELL AND IT IS A VERY DYNAMIC
02:01:17.403 --> 02:01:20.340 region:rollup2
ABOUT MARKETPLACE.
02:01:17.837 --> 02:01:23.943 region:rollup2
THANK YOU.
02:01:20.340 --> 02:01:24.778 region:rollup2
THANK YOU VERY MUCH AND.
02:01:23.943 --> 02:01:25.879 region:rollup2
I HOPE YOU'LL HAVE A
02:01:24.778 --> 02:01:27.247 region:rollup2
CONVERSATION WITH YOUR FATHER IN
02:01:25.879 --> 02:01:29.582 region:rollup2
LAW AT SOME POINT TO.
02:01:27.247 --> 02:01:31.618 region:rollup2
ON HIS.
02:01:29.582 --> 02:01:33.353 region:rollup2
RISK ISSUES.
02:01:31.618 --> 02:01:35.522 region:rollup2
JOHN NORTHWARD HER REPRESENTING
02:01:33.353 --> 02:01:37.123 region:rollup2
THE INDEPENDENT INSURANCE AGENTS
02:01:35.522 --> 02:01:38.324 region:rollup2
AND BROKERS OF CALIFORNIA TO
02:01:37.123 --> 02:01:39.993 region:rollup2
ONCE WANT TO SEE OUT OF STATE
02:01:38.324 --> 02:01:42.028 region:rollup2
COMPANIES COMING IN AND
02:01:39.993 --> 02:01:44.197 region:rollup2
COMPETING FOR THE MARKET.
02:01:42.028 --> 02:01:45.465 region:rollup2
GOOD AFTERNOON JURORS AND
02:01:44.197 --> 02:01:47.066 region:rollup2
MEMBER.
02:01:45.465 --> 02:01:48.668 region:rollup2
IN THIS CASE I HATE YOU KNOW
02:01:47.066 --> 02:01:49.869 region:rollup2
SIGN REPRESENTING INDEPENDENT
02:01:48.668 --> 02:01:52.338 region:rollup2
TURNS AGENTS AND BROKERS OF
02:01:49.869 --> 02:01:53.973 region:rollup2
CALIFORNIA BUT ALSO THE SURPLUS
02:01:52.338 --> 02:01:55.708 region:rollup2
LINES ASSOCIATION IN CALIFORNIA.
02:01:53.973 --> 02:01:57.610 region:rollup2
WE HAVE WITNESSES HERE FROM BOTH
02:01:55.708 --> 02:01:59.212 region:rollup2
OF THOSE ASSOCIATIONS THAT ARE
02:01:57.610 --> 02:02:00.980 region:rollup2
GOING TO PROVIDE YOU SOME FIRST
02:01:59.212 --> 02:02:01.881 region:rollup2
HAND EXPERIENCE ON WHAT'S
02:02:00.980 --> 02:02:03.216 region:rollup2
HAPPENING IN THE HOMEOWNERS
02:02:01.881 --> 02:02:06.152 region:rollup2
INSURANCE MARKET.
02:02:03.216 --> 02:02:06.519 region:rollup2
SPECIALLY IN THESE OF FIRE
02:02:06.152 --> 02:02:08.788 region:rollup2
AREAS.
02:02:06.519 --> 02:02:11.357 region:rollup2
AS YOU HEARD THERE'S A LITTLE
02:02:08.788 --> 02:02:11.891 region:rollup2
OVER A HUNDRED HOMEOWNERS
02:02:11.357 --> 02:02:12.091 region:rollup2
INSURANCE COMPANIES IN THE
02:02:11.891 --> 02:02:14.727 region:rollup2
STATE.
02:02:12.091 --> 02:02:16.563 region:rollup2
.
02:02:14.727 --> 02:02:18.131 region:rollup2
AS IN MOST STATES THERE'S SIX OR
02:02:16.563 --> 02:02:19.299 region:rollup2
EIGHT THAT ARE THE BIG NAME
02:02:18.131 --> 02:02:20.700 region:rollup2
COMPANIES THAT HAVE A LOT OF
02:02:19.299 --> 02:02:22.969 region:rollup2
MARKET SHARE YOU KNOW WHO THEY
02:02:20.700 --> 02:02:25.104 region:rollup2
ARE COULD YOU SEE HIM ON. TV AND
02:02:22.969 --> 02:02:26.606 region:rollup2
ALL SPORTING EVENTS EVERY NIGHT
02:02:25.104 --> 02:02:27.540 region:rollup2
BECAUSE THERE'S SOME THAT.
02:02:26.606 --> 02:02:29.309 region:rollup2
.
02:02:27.540 --> 02:02:30.443 region:rollup2
FOR THE MOST PART THOSE ARE NOT
02:02:29.309 --> 02:02:32.612 region:rollup2
THE COMPANIES THAT.
02:02:30.443 --> 02:02:34.347 region:rollup2
HARM MEMBERS ARE PRESENT SURE
02:02:32.612 --> 02:02:36.983 region:rollup2
WE HAVE LIBERTY MUTUAL AND
02:02:34.347 --> 02:02:37.317 region:rollup2
NATIONWIDE AND MERCURY AND JOB
02:02:36.983 --> 02:02:39.519 region:rollup2
AND.
02:02:37.317 --> 02:02:41.421 region:rollup2
HARTFORD SOME OF THOSE THAT YOU
02:02:39.519 --> 02:02:42.789 region:rollup2
WILL RECOGNIZE BUT BY AND LARGE
02:02:41.421 --> 02:02:44.057 region:rollup2
IT'S THOSE OTHER NINETY
02:02:42.789 --> 02:02:46.125 region:rollup2
INSURANCE CARRIES YOU PROBABLY
02:02:44.057 --> 02:02:48.661 region:rollup2
NEVER HEARD OF. BUT THEY SERVE
02:02:46.125 --> 02:02:48.962 region:rollup2
ANY REALLY CRITICAL ROLE IN
02:02:48.661 --> 02:02:50.029 region:rollup2
CALIFORNIA.
02:02:48.962 --> 02:02:52.198 region:rollup2
.
02:02:50.029 --> 02:02:53.466 region:rollup2
IF FOR REPEAL OF AS INDICATED WE
02:02:52.198 --> 02:02:54.834 region:rollup2
HAVE AGENTS AND BROKERS IN
02:02:53.466 --> 02:02:57.303 region:rollup2
COMMUNITIES THROUGHOUT THE STATE
02:02:54.834 --> 02:02:58.438 region:rollup2
HARM. THEY DON'T ADVERTISE A LOT
02:02:57.303 --> 02:02:59.839 region:rollup2
THEY DON'T ADVERTISE A LOT
02:02:58.438 --> 02:03:01.174 region:rollup2
NATIONALLY THERE BUT THEY'RE
02:02:59.839 --> 02:03:02.809 region:rollup2
INVOLVED IN THEIR COMMUNITIES
02:03:01.174 --> 02:03:04.510 region:rollup2
AND THEY ARE THE MARKET BEYOND
02:03:02.809 --> 02:03:06.112 region:rollup2
THE. YOU KNOW SIX OR EIGHT
02:03:04.510 --> 02:03:07.480 region:rollup2
REALLY BIG COMPANIES SOMETIMES
02:03:06.112 --> 02:03:09.048 region:rollup2
WHAT YOU SEE IS PEOPLE GETTING
02:03:07.480 --> 02:03:10.750 region:rollup2
NON RENEWED BY BIGGER MARKET
02:03:09.048 --> 02:03:11.784 region:rollup2
SHARE PEOPLE THEN PANICKING
02:03:10.750 --> 02:03:13.486 region:rollup2
BECAUSE THEY DON'T KNOW ABOUT
02:03:11.784 --> 02:03:15.889 region:rollup2
THE. CINCINNATI INSURANCE
02:03:13.486 --> 02:03:17.957 region:rollup2
COMPANY OR THE OHIO CASUALTY OR
02:03:15.889 --> 02:03:19.459 region:rollup2
THE CI G. OR WHATEVER THE CASE
02:03:17.957 --> 02:03:21.394 region:rollup2
MAY BE BUT THAT'S ALL ROLL OUR
02:03:19.459 --> 02:03:23.529 region:rollup2
MEMBERS PLAY AND IS AN INSURANCE
02:03:21.394 --> 02:03:25.765 region:rollup2
BROKER YOUR LICENSE TO BE HELLA.
02:03:23.529 --> 02:03:27.066 region:rollup2
ACCESS ONE WAY OR THE OTHER THAT
02:03:25.765 --> 02:03:29.168 region:rollup2
ENTIRE MARKET IF YOU'RE NOT
02:03:27.066 --> 02:03:30.870 region:rollup2
APPOINTED BY A COMPANY AS A
02:03:29.168 --> 02:03:33.172 region:rollup2
BROKER YOU CAN GO WITH. ALBEIT
02:03:30.870 --> 02:03:34.774 region:rollup2
STILL APPLY TO THAT COMPANY
02:03:33.172 --> 02:03:37.043 region:rollup2
URGED US SENATE APPLICATION
02:03:34.774 --> 02:03:38.578 region:rollup2
TONIGHT COMPANY IF YOU CANNOT DO
02:03:37.043 --> 02:03:41.247 region:rollup2
IT THROUGH THOSE SOURCES YOU CAN
02:03:38.578 --> 02:03:43.149 region:rollup2
GO TO. AN INSURANCE WHOLESALER
02:03:41.247 --> 02:03:46.252 region:rollup2
AND WHOLESALER WHAT MIGHT HAVE
02:03:43.149 --> 02:03:47.720 region:rollup2
MARKETS TO OTHER PARTS THAT
02:03:46.252 --> 02:03:50.957 region:rollup2
OTHER GUY.
02:03:47.720 --> 02:03:53.226 region:rollup2
INSURERS THAT THAT AGENCY
02:03:50.957 --> 02:03:56.930 region:rollup2
DOESN'T OR.
02:03:53.226 --> 02:04:01.367 region:rollup2
TO GO THROUGH THE SURPLUS LINES
02:03:56.930 --> 02:04:06.739 region:rollup2
MARKET AND THEIR MEMBERS.
02:04:01.367 --> 02:04:07.307 region:rollup2
REQUIRED TO BE A MEMBER OF THE
02:04:06.739 --> 02:04:07.907 region:rollup2
SURPLUS LINES ASSOCIATION.
02:04:07.307 --> 02:04:09.242 region:rollup2
JUST A COUPLE QUICK COMMENTS
02:04:07.907 --> 02:04:10.143 region:rollup2
BEFORE I INTRODUCE OUR WITNESSES
02:04:09.242 --> 02:04:11.177 region:rollup2
AND THAT IS FROM AGENT BROKER
02:04:10.143 --> 02:04:11.411 region:rollup2
STANDPOINT WE WANT A VERY VIABLE
02:04:11.177 --> 02:04:13.179 region:rollup2
MARKET.
02:04:11.411 --> 02:04:14.314 region:rollup2
WE WANT AS MANY INSURERS HERE
02:04:13.179 --> 02:04:15.848 region:rollup2
HAS IT AS WE CAN BUT IT WOULD
02:04:14.314 --> 02:04:16.516 region:rollup2
TERMS IS REALLY NOT A. HELP FIX
02:04:15.848 --> 02:04:17.283 region:rollup2
SCIENCE AND IT'S IT'S NOT
02:04:16.516 --> 02:04:19.719 region:rollup2
UNUSUAL YOU LOOK IT OVER THE
02:04:17.283 --> 02:04:21.854 region:rollup2
YEARS WHERE. YOU KNOW COMPANIES
02:04:19.719 --> 02:04:23.523 region:rollup2
GET THERAPY KIND OF SPREAD OF
02:04:21.854 --> 02:04:24.958 region:rollup2
RISK OUT OF WHACK I MEAN.
02:04:23.523 --> 02:04:26.292 region:rollup2
THEY'RE REQUIRED TO HAVE A
02:04:24.958 --> 02:04:29.028 region:rollup2
CERTAIN SPREADABLE AT ROOM OF
02:04:26.292 --> 02:04:31.130 region:rollup2
RISK FEEL FOR SOLVENCY ISSUES
02:04:29.028 --> 02:04:32.732 region:rollup2
ALSO FOR THE REINSURERS AND MOST
02:04:31.130 --> 02:04:34.534 region:rollup2
THESE COMPANIES ARE.
02:04:32.732 --> 02:04:36.069 region:rollup2
SUBSTANTIALLY REINJURED ITEM
02:04:34.534 --> 02:04:37.370 region:rollup2
THAT GETS OUT OF WHACK SOMETIMES
02:04:36.069 --> 02:04:39.906 region:rollup2
JUST BECAUSE YOU DON'T HAVE BIG
02:04:37.370 --> 02:04:40.440 region:rollup2
LOSS EVENTS PAR AGENTS OR
02:04:39.906 --> 02:04:41.941 region:rollup2
BROKERS ARE PUSHING THOSE
02:04:40.440 --> 02:04:43.976 region:rollup2
ENVELOPES WE WANT TO SELL
02:04:41.941 --> 02:04:45.278 region:rollup2
INSURANCE. SO WHEN THAT HAPPENS
02:04:43.976 --> 02:04:46.980 region:rollup2
COMPANIES HAVE TO BALANCE OUT IS
02:04:45.278 --> 02:04:48.548 region:rollup2
AS YOU'VE HEARD SOME COMPANIES
02:04:46.980 --> 02:04:50.216 region:rollup2
MOVE OUT AND OTHERS MOVE IN AND
02:04:48.548 --> 02:04:52.285 region:rollup2
WE HOPE THAT'S WHAT'S HAPPENING
02:04:50.216 --> 02:04:53.953 region:rollup2
HOPEFULLY OUR WITNESSES CONVICT
02:04:52.285 --> 02:04:55.455 region:rollup2
EXPLAIN A LITTLE BIT ABOUT THAT.
02:04:53.953 --> 02:04:57.724 region:rollup2
WE ALSO HEARD.
02:04:55.455 --> 02:05:00.660 region:rollup2
A LITTLE BIT LAST WEEK I THINK
02:04:57.724 --> 02:05:00.660 region:rollup2
IT'S ONE OF THE BETTER HEARING.
02:05:00.727 --> 02:05:06.866 region:rollup2
IS JACKSON OF YOUR COMMITTEE
02:05:03.029 --> 02:05:09.902 region:rollup2
ABOUT INSURANCE RATES IN ABOUT I
02:05:06.866 --> 02:05:12.538 region:rollup2
THINK FROM A COMMISSIONER. A
02:05:09.902 --> 02:05:14.841 region:rollup2
PICKER ABOUT COMPANIES.
02:05:12.538 --> 02:05:18.678 region:rollup2
INSURANCE COMPANIES.
02:05:14.841 --> 02:05:22.815 region:rollup2
LEAVING THE MARKETPLACE RISK
02:05:18.678 --> 02:05:23.716 region:rollup2
ARE CHARGING YOU KNOW
02:05:22.815 --> 02:05:31.457 region:rollup2
SUBSTANTIAL RATES.
02:05:23.716 --> 02:05:32.925 region:rollup2
ARE MULTIPLES OF OF RATES. WE
02:05:31.457 --> 02:05:34.193 region:rollup2
DON'T BELIEVE THAT THAT'S
02:05:32.925 --> 02:05:40.767 region:rollup2
HAPPENING.
02:05:34.193 --> 02:05:41.067 region:rollup2
CALIFORNIA'S YOU'VE HEARD IT'S
02:05:40.767 --> 02:05:47.240 region:rollup2
A.
02:05:41.067 --> 02:05:50.743 region:rollup2
PAID A PRE APPROVAL RATE STATE
02:05:47.240 --> 02:05:54.747 region:rollup2
SO UNLESS COMPANIES HAVE BEEN IN
02:05:50.743 --> 02:05:56.916 region:rollup2
THE QUEUE GO
02:05:54.747 --> 02:05:58.451 region:rollup2
TO ANOTHER CARRIER AND I CARRIER
02:05:56.916 --> 02:05:59.585 region:rollup2
HAS A DIFFERENT RATE AT FIVE.
02:05:58.451 --> 02:06:01.053 region:rollup2
MIGHT WILL HAVE DIFFERENT
02:05:59.585 --> 02:06:02.622 region:rollup2
COVERAGES AND THAT TYPE OF THING
02:06:01.053 --> 02:06:04.457 region:rollup2
AND THAT'S WHAT REFLECTS THAT
02:06:02.622 --> 02:06:05.391 region:rollup2
THAT DIFFERENCE IN COVERAGE I
02:06:04.457 --> 02:06:07.527 region:rollup2
THINK THE LAST THING I WANT TO
02:06:05.391 --> 02:06:09.762 region:rollup2
SAY IS WE'VE GOT TO BE CAREFUL.
02:06:07.527 --> 02:06:11.697 region:rollup2
IN TERMS OF NOT CREATING AN
02:06:09.762 --> 02:06:13.266 region:rollup2
AVAILABILITY SITUATION IN
02:06:11.697 --> 02:06:16.135 region:rollup2
CALIFORNIA WHERE ONE WOULD KNOW
02:06:13.266 --> 02:06:18.337 region:rollup2
THE LIES HOPE EXIST EXAMPLE IS
02:06:16.135 --> 02:06:20.073 region:rollup2
THE COMMISSIONERS RECENTLY
02:06:18.337 --> 02:06:20.673 region:rollup2
NOTIFIED INSURERS.
02:06:20.073 --> 02:06:21.974 region:rollup2
THAT THEY SHOULD KEEP IN MIND
02:06:20.673 --> 02:06:24.377 region:rollup2
THE FACT THAT THE FEDERAL TAX
02:06:21.974 --> 02:06:25.678 region:rollup2
RATES OF CHANGE FROM THIRTY FIVE
02:06:24.377 --> 02:06:27.513 region:rollup2
PERCENT TO TWENTY ONE PERCENT
02:06:25.678 --> 02:06:29.515 region:rollup2
AND. HE CAN OR SHOULD COMEY IS
02:06:27.513 --> 02:06:31.150 region:rollup2
COMING IN FOR A RATE REDUCTION
02:06:29.515 --> 02:06:32.785 region:rollup2
HOLE AFTER BRING LOSSES LIKE
02:06:31.150 --> 02:06:35.021 region:rollup2
THAT THAT'S PRETTY DAUNTING ON
02:06:32.785 --> 02:06:36.756 region:rollup2
THE OTHERS ON THE OTHER HAND.
02:06:35.021 --> 02:06:39.392 region:rollup2
CALIFORNIA'S ONE OF ONLY TWO
02:06:36.756 --> 02:06:40.827 region:rollup2
STATES THAT BASICALLY SO THAT AN
02:06:39.392 --> 02:06:44.997 region:rollup2
INCREASE IN YOUR RE INSURANCE
02:06:40.827 --> 02:06:46.766 region:rollup2
RATES IS NOT A JUSTIFICATION TO
02:06:44.997 --> 02:06:47.967 region:rollup2
SUPPORT A RATE INCREASE.
02:06:46.766 --> 02:06:49.101 region:rollup2
NO THE RETURNS RATES ARE GOING
02:06:47.967 --> 02:06:51.003 region:rollup2
UP BY YOU KNOW TEN FIFTEEN
02:06:49.101 --> 02:06:52.271 region:rollup2
TWENTY PERCENT THE COMBINATION
02:06:51.003 --> 02:06:54.807 region:rollup2
OF THOSE THINGS COULD BE. HILL
02:06:52.271 --> 02:06:55.975 region:rollup2
LIKE THIRTY PERCENT SO DEAL THAT
02:06:54.807 --> 02:06:58.077 region:rollup2
MAY WELL CREATE THE KIND OF
02:06:55.975 --> 02:06:58.744 region:rollup2
AVAILABILITY SITUATION WE DON'T
02:06:58.077 --> 02:07:00.313 region:rollup2
WANT TO HAVE.
02:06:58.744 --> 02:07:03.115 region:rollup2
WITHOUT ALL AND I'D LIKE TO.
02:07:00.313 --> 02:07:04.617 region:rollup2
I INTRODUCED SOME ROB HERE WHO
02:07:03.115 --> 02:07:08.221 region:rollup2
IS NOW WITH THE GEORGE PETERSON
02:07:04.617 --> 02:07:09.222 region:rollup2
INSURANCE AGENCY IN SANTA ROSA.
02:07:08.221 --> 02:07:10.123 region:rollup2
GOOD ARTICULAR MUCH GOOD
02:07:09.222 --> 02:07:11.224 region:rollup2
AFTERNOON SIR.
02:07:10.123 --> 02:07:12.758 region:rollup2
MY NAME IS ROBBIE I'M WITH
02:07:11.224 --> 02:07:14.127 region:rollup2
GEORGE PETERSON INSURANCE.
02:07:12.758 --> 02:07:16.362 region:rollup2
IN SANTA ROSA.
02:07:14.127 --> 02:07:19.599 region:rollup2
WORRY I'D REGIONAL INDEPENDENT
02:07:16.362 --> 02:07:20.032 region:rollup2
BROKER WITH TWELVE OFFICES IN
02:07:19.599 --> 02:07:20.700 region:rollup2
NORTHERN CALIFORNIA.
02:07:20.032 --> 02:07:21.234 region:rollup2
.
02:07:20.700 --> 02:07:22.668 region:rollup2
IRONICALLY ALL VERY RURAL
02:07:21.234 --> 02:07:24.337 region:rollup2
PLACES.
02:07:22.668 --> 02:07:25.104 region:rollup2
SANTA ROSA'S THE MOST
02:07:24.337 --> 02:07:27.840 region:rollup2
METROPOLITAN.
02:07:25.104 --> 02:07:31.677 region:rollup2
AREA WERE IN WORD FOR BRAG
02:07:27.840 --> 02:07:34.180 region:rollup2
EUREKA. UKIAH READYING AUBURN
02:07:31.677 --> 02:07:36.816 region:rollup2
PLACES LIKE THAT WHERE. WHERE?
02:07:34.180 --> 02:07:39.118 region:rollup2
ARE ALL VERY VERY. BAD HAS IT
02:07:36.816 --> 02:07:39.352 region:rollup2
WILL BE A WILDFIRE HAS A PRONE
02:07:39.118 --> 02:07:40.786 region:rollup2
AREAS.
02:07:39.352 --> 02:07:41.621 region:rollup2
.
02:07:40.786 --> 02:07:43.289 region:rollup2
WE'VE GOT.
02:07:41.621 --> 02:07:45.525 region:rollup2
WE READ APPROXIMATELY FIFTY
02:07:43.289 --> 02:07:46.659 region:rollup2
MILLION DOLLARS IN IN BRITAIN
02:07:45.525 --> 02:07:48.694 region:rollup2
PREMIUM THROUGH OUR AGENCY.
02:07:46.659 --> 02:07:49.962 region:rollup2
WE'VE WE'VE GOT ABOUT TWELVE
02:07:48.694 --> 02:07:52.431 region:rollup2
THOUSAND FIVE HUNDRED.
02:07:49.962 --> 02:07:55.301 region:rollup2
PERSONAL LINES POLICY HOLDERS.
02:07:52.431 --> 02:07:55.434 region:rollup2
MOST OF THOSE HAVE HAVE HOMES.
02:07:55.301 --> 02:07:57.603 region:rollup2
.
02:07:55.434 --> 02:08:00.373 region:rollup2
.
02:07:57.603 --> 02:08:00.806 region:rollup2
AND THE YOU KNOW WHEN WE
02:08:00.373 --> 02:08:02.375 region:rollup2
EXPERIENCE THE. THE
02:08:00.806 --> 02:08:04.043 region:rollup2
UNIMAGINABLE.
02:08:02.375 --> 02:08:06.212 region:rollup2
ON OCTOBER NINTH.
02:08:04.043 --> 02:08:07.380 region:rollup2
WHEN I GOT TO THE OFFICE ABOUT
02:08:06.212 --> 02:08:08.881 region:rollup2
FOUR O'CLOCK IN THE MORNING.
02:08:07.380 --> 02:08:10.816 region:rollup2
.
02:08:08.881 --> 02:08:13.286 region:rollup2
ON ON THE NIGHTS.
02:08:10.816 --> 02:08:15.087 region:rollup2
WE HAD NO NO POWER THE POWER
02:08:13.286 --> 02:08:16.088 region:rollup2
CAME BACK AND WE HAD WE BARELY
02:08:15.087 --> 02:08:17.190 region:rollup2
LIVED LONG WITH WITH THEIR NET.
02:08:16.088 --> 02:08:18.391 region:rollup2
WITH ABOUT EIGHT PEOPLE OF OVER
02:08:17.190 --> 02:08:20.826 region:rollup2
EIGHTY FIVE EMPLOYEES WERE ABLE
02:08:18.391 --> 02:08:22.061 region:rollup2
TO MAKE IT INTO WORK EVERYBODY
02:08:20.826 --> 02:08:23.629 region:rollup2
ELSE WAS EVACUATED.
02:08:22.061 --> 02:08:24.697 region:rollup2
OR YOU KNOW JUST TO TRY TO
02:08:23.629 --> 02:08:26.732 region:rollup2
FIGURE OUT WHAT WHAT WAS GOING
02:08:24.697 --> 02:08:27.767 region:rollup2
ON WE HAD FOUR OF OUR EMPLOYEES
02:08:26.732 --> 02:08:28.568 region:rollup2
I LOSE HOMES.
02:08:27.767 --> 02:08:30.736 region:rollup2
AND.
02:08:28.568 --> 02:08:32.371 region:rollup2
HUNDREDS AND HUNDREDS OF OTHER.
02:08:30.736 --> 02:08:32.572 region:rollup2
FRIENDS IN AND CLIENTS THAT THAT
02:08:32.371 --> 02:08:33.940 region:rollup2
THAT.
02:08:32.572 --> 02:08:36.576 region:rollup2
.
02:08:33.940 --> 02:08:37.843 region:rollup2
SUFFERED TREMENDOUS LOSSES WELL
02:08:36.576 --> 02:08:39.478 region:rollup2
FOR THAT FOR THIS EVENT THAT
02:08:37.843 --> 02:08:40.112 region:rollup2
HAPPENED THAT THE TUBS FIRE WE
02:08:39.478 --> 02:08:41.814 region:rollup2
WE HAD A.
02:08:40.112 --> 02:08:43.683 region:rollup2
PROXIMATE IN NINETEEN HUNDRED
02:08:41.814 --> 02:08:44.717 region:rollup2
CLAIMS THROUGH OUR OFFICE.
02:08:43.683 --> 02:08:47.887 region:rollup2
.
02:08:44.717 --> 02:08:48.454 region:rollup2
AND TWO HUNDRED FIFTY FOUR TOTAL
02:08:47.887 --> 02:08:52.024 region:rollup2
LOSSES SO.
02:08:48.454 --> 02:08:53.893 region:rollup2
THE LAST NUMBER I HAD A. WEEK
02:08:52.024 --> 02:08:55.361 region:rollup2
TO TEN DAYS AGO UP MY OFFICE
02:08:53.893 --> 02:08:56.862 region:rollup2
ALONE IS SUFFERED A ABOUT FIVE
02:08:55.361 --> 02:08:58.864 region:rollup2
HUNDRED FIFTY MILLION DOLLARS
02:08:56.862 --> 02:08:59.165 region:rollup2
AND AND LOSSES FOR WITH OUR
02:08:58.864 --> 02:09:01.634 region:rollup2
CLIENTS SO.
02:08:59.165 --> 02:09:02.068 region:rollup2
.
02:09:01.634 --> 02:09:04.570 region:rollup2
WHAT WE HAVE SEEN?
02:09:02.068 --> 02:09:06.372 region:rollup2
SINCE THIS HAPPENED IS IT IS A
02:09:04.570 --> 02:09:07.473 region:rollup2
TREMENDOUS RESPONSE FROM THE
02:09:06.372 --> 02:09:10.343 region:rollup2
INSURANCE CARRIERS.
02:09:07.473 --> 02:09:11.978 region:rollup2
BAY HAVE DONE A PHENOMENAL JOB.
02:09:10.343 --> 02:09:13.846 region:rollup2
STEPPING UP TO THE PLATE FROM
02:09:11.978 --> 02:09:16.382 region:rollup2
FROM REALLY THAT FIRST DAY.
02:09:13.846 --> 02:09:18.651 region:rollup2
WE WE ACTUALLY HOUSED A. SHE
02:09:16.382 --> 02:09:20.119 region:rollup2
INSURANCE ADJUSTERS FROM EIGHT
02:09:18.651 --> 02:09:21.253 region:rollup2
DIFFERENT TURNS COMPANIES
02:09:20.119 --> 02:09:22.521 region:rollup2
DURING THAT FIRST WEEK WHILE
02:09:21.253 --> 02:09:24.190 region:rollup2
THEY WERE DODD DEPLOYING A CAT
02:09:22.521 --> 02:09:24.957 region:rollup2
TEAMS AND TRY TO GET THEM SET UP
02:09:24.190 --> 02:09:26.359 region:rollup2
PLACES SO.
02:09:24.957 --> 02:09:26.525 region:rollup2
SO WE HAD HUNDREDS AND HUNDREDS
02:09:26.359 --> 02:09:29.629 region:rollup2
OF.
02:09:26.525 --> 02:09:31.063 region:rollup2
INSURERS THROUGH OUR OFFICE.
02:09:29.629 --> 02:09:33.833 region:rollup2
TIM TO MEET THOSE ADJUSTERS.
02:09:31.063 --> 02:09:36.369 region:rollup2
FILED THEIR FIRST NOTICES OF OF
02:09:33.833 --> 02:09:36.569 region:rollup2
CLAIM AND GET ADVANCES ON THEIR
02:09:36.369 --> 02:09:37.503 region:rollup2
MONEY.
02:09:36.569 --> 02:09:38.971 region:rollup2
.
02:09:37.503 --> 02:09:40.673 region:rollup2
YEAH IF WE IF WE SAW SIX HUNDRED
02:09:38.971 --> 02:09:42.742 region:rollup2
PEOPLE THROUGH THAT FIRST WEEK.
02:09:40.673 --> 02:09:43.976 region:rollup2
MIGHT MY BEST GUESS WOULD BE
02:09:42.742 --> 02:09:45.177 region:rollup2
THREE HUNDRED AND WE'RE NOT EVEN
02:09:43.976 --> 02:09:46.012 region:rollup2
OUR CLIENTS THEY WERE JUST TOLD
02:09:45.177 --> 02:09:47.947 region:rollup2
TO COME THERE THERE'S AN
02:09:46.012 --> 02:09:50.516 region:rollup2
ADJUSTER GO THERE GET OME MONEY
02:09:47.947 --> 02:09:52.151 region:rollup2
AND AND. YOU GET SOME ITS MIGHT
02:09:50.516 --> 02:09:53.252 region:rollup2
KEEP THINGS GOING SO.
02:09:52.151 --> 02:09:55.321 region:rollup2
.
02:09:53.252 --> 02:09:56.956 region:rollup2
THE E. YOU KNOW THAT THAT THAT.
02:09:55.321 --> 02:09:59.325 region:rollup2
THE THE AT THE CONCEPT OF.
02:09:56.956 --> 02:10:00.860 region:rollup2
IN BIG THE NON RENEWAL NOTICES
02:09:59.325 --> 02:10:03.729 region:rollup2
THAT THAT'S COME UP YOU KNOW
02:10:00.860 --> 02:10:04.163 region:rollup2
QUITE OFTEN TODAY I'M. WE ARE
02:10:03.729 --> 02:10:04.830 region:rollup2
SEEING SOME OF THAT.
02:10:04.163 --> 02:10:06.132 region:rollup2
.
02:10:04.830 --> 02:10:07.500 region:rollup2
YOU KNOW I WAS TO TALKING TO
02:10:06.132 --> 02:10:09.869 region:rollup2
JOHN EARLIER WE HAD WE HAD ABOUT
02:10:07.500 --> 02:10:11.404 region:rollup2
A HUNDRED FIFTEEN NON RENEWALS
02:10:09.869 --> 02:10:15.007 region:rollup2
COME FROM ONE CARRIER.
02:10:11.404 --> 02:10:15.274 region:rollup2
STRICTLY BASED ON YOU KNOW FIRE
02:10:15.007 --> 02:10:17.143 region:rollup2
FIRE RISK.
02:10:15.274 --> 02:10:18.878 region:rollup2
.
02:10:17.143 --> 02:10:20.646 region:rollup2
THAT WAS ALMOST ALMOST FOUR
02:10:18.878 --> 02:10:22.214 region:rollup2
WEEKS AGO AS OF THIS MORNING
02:10:20.646 --> 02:10:23.649 region:rollup2
WERE WERE WERE CERTAIN THAT
02:10:22.214 --> 02:10:26.185 region:rollup2
WE'VE WE FOUND A HOME FOR ABOUT
02:10:23.649 --> 02:10:27.119 region:rollup2
A HUNDRED OF THOSE THOSE THOSE
02:10:26.185 --> 02:10:28.621 region:rollup2
OUR CLIENTS.
02:10:27.119 --> 02:10:29.555 region:rollup2
ANOTHER THING WE'VE BEEN
02:10:28.621 --> 02:10:31.757 region:rollup2
EXPERIENCING IS.
02:10:29.555 --> 02:10:32.692 region:rollup2
JUST RE UNDERWRITING WITH SOME
02:10:31.757 --> 02:10:32.992 region:rollup2
OF OUR.
02:10:32.692 --> 02:10:34.060 region:rollup2
SO OF OUR.
02:10:32.992 --> 02:10:35.795 region:rollup2
.
02:10:34.060 --> 02:10:36.529 region:rollup2
OUR CARRIERS ARE JUST WANTING TO
02:10:35.795 --> 02:10:38.664 region:rollup2
DO RE INSPECTIONS.
02:10:36.529 --> 02:10:40.800 region:rollup2
WHAT WHAT THAT INVOLVES FOR US
02:10:38.664 --> 02:10:42.601 region:rollup2
IS IS GOING OUT? INSPECTING THE
02:10:40.800 --> 02:10:44.236 region:rollup2
PROPERTY OTHER THERE COULD BE
02:10:42.601 --> 02:10:45.171 region:rollup2
SOME RECOMMENDATIONS OF INNOCENT
02:10:44.236 --> 02:10:46.038 region:rollup2
SOME MITIGATION THAT TYPE OF
02:10:45.171 --> 02:10:48.207 region:rollup2
STUFF BUT.
02:10:46.038 --> 02:10:49.742 region:rollup2
IT WILL WHAT WE HAVE SEEN SINCE
02:10:48.207 --> 02:10:51.711 region:rollup2
SINCE THE THE TUBS FIRES WE'VE
02:10:49.742 --> 02:10:53.512 region:rollup2
WE'VE WE'VE SEEN THREE NEW
02:10:51.711 --> 02:10:54.714 region:rollup2
CARRIERS THAT THAT OUR OUR
02:10:53.512 --> 02:10:55.715 region:rollup2
OFFICE IN PARTICULAR IS WORKING
02:10:54.714 --> 02:10:58.651 region:rollup2
WITH SO.
02:10:55.715 --> 02:11:01.120 region:rollup2
ALTHOUGH SOME CARRIERS ARE.
02:10:58.651 --> 02:11:01.387 region:rollup2
DIG UP TO MUCH CONCENTRATION OF
02:11:01.120 --> 02:11:02.955 region:rollup2
RISK AND.
02:11:01.387 --> 02:11:04.156 region:rollup2
.
02:11:02.955 --> 02:11:05.558 region:rollup2
I HAVE CONCERNS ABOUT THAT THAT
02:11:04.156 --> 02:11:06.625 region:rollup2
THE THAT THE INSURANCE IF THEY
02:11:05.558 --> 02:11:08.227 region:rollup2
ARE WRITING.
02:11:06.625 --> 02:11:09.762 region:rollup2
THERE ARE NEW CARRIERS INTO
02:11:08.227 --> 02:11:10.229 region:rollup2
CARES POINT THAT ARE COMING IN
02:11:09.762 --> 02:11:12.031 region:rollup2
AND.
02:11:10.229 --> 02:11:13.365 region:rollup2
AND WANTING TO TO WRITE THE
02:11:12.031 --> 02:11:16.736 region:rollup2
BUSINESS SO.
02:11:13.365 --> 02:11:18.871 region:rollup2
YOU KNOW. WHAT WHAT WE'VE
02:11:16.736 --> 02:11:20.639 region:rollup2
BEEN DOING AS A STRATEGY IS?
02:11:18.871 --> 02:11:22.007 region:rollup2
YOU KNOW.
02:11:20.639 --> 02:11:23.109 region:rollup2
.
02:11:22.007 --> 02:11:24.677 region:rollup2
YEAH WE'RE CERTAINLY HANDLING
02:11:23.109 --> 02:11:26.345 region:rollup2
THE CLAIMS THAT WE'VE GOT UMPS
02:11:24.677 --> 02:11:27.847 region:rollup2
VERY LABOR INTENSIVE AND
02:11:26.345 --> 02:11:29.415 region:rollup2
EMOTIONAL PROCESS FOR FOR NOT
02:11:27.847 --> 02:11:30.716 region:rollup2
ONLY OUR STAFF EQUIPMENT
02:11:29.415 --> 02:11:33.319 region:rollup2
ESPECIALLY FOR CLIENTS.
02:11:30.716 --> 02:11:34.787 region:rollup2
BUT YOU KNOW WE WE'VE ACTUALLY
02:11:33.319 --> 02:11:37.256 region:rollup2
DIEM GEARED UP OUR STAFF AND AND
02:11:34.787 --> 02:11:38.791 region:rollup2
WERE. YOU KNOW DOING A LOT A LOT
02:11:37.256 --> 02:11:42.261 region:rollup2
OF COVERAGE REVIEWS IN THOSE
02:11:38.791 --> 02:11:43.095 region:rollup2
CASES ITEM WORK OR INCREASING.
02:11:42.261 --> 02:11:44.497 region:rollup2
.
02:11:43.095 --> 02:11:46.332 region:rollup2
DWELLING VALUES.
02:11:44.497 --> 02:11:47.433 region:rollup2
IT A LOT OF THOSE CASES
02:11:46.332 --> 02:11:49.101 region:rollup2
CARRIERS ARE BALKING AT IT
02:11:47.433 --> 02:11:49.401 region:rollup2
PROVIDING MORE COVERAGE IN THOSE
02:11:49.101 --> 02:11:50.403 region:rollup2
SAME AREAS.
02:11:49.401 --> 02:11:51.070 region:rollup2
.
02:11:50.403 --> 02:11:52.638 region:rollup2
AND THEN.
02:11:51.070 --> 02:11:54.039 region:rollup2
YOU KNOW BECAUSE OF THE WAY
02:11:52.638 --> 02:11:54.807 region:rollup2
THAT WE STRUCTURED ON THE
02:11:54.039 --> 02:11:56.809 region:rollup2
POLICIES THAT WE WROTE AND AND
02:11:54.807 --> 02:11:58.878 region:rollup2
AND.
02:11:56.809 --> 02:12:01.013 region:rollup2
WE WROTE A LOT OF REALLY GOOD
02:11:58.878 --> 02:12:02.481 region:rollup2
GOOD POLICIES FOR PEOPLE AND AND
02:12:01.013 --> 02:12:03.883 region:rollup2
A LOT OF OUR CLIENTS THANKING US
02:12:02.481 --> 02:12:04.784 region:rollup2
FOR THE WORK THAT WE DID AND
02:12:03.883 --> 02:12:06.652 region:rollup2
SELLING OF SUCH A GOOD POLICY.
02:12:04.784 --> 02:12:09.021 region:rollup2
WE'VE WE'VE WE'VE ACTUALLY
02:12:06.652 --> 02:12:11.223 region:rollup2
SOMEHOW OF A VERY LARGE UPTICK
02:12:09.021 --> 02:12:11.791 region:rollup2
IN NEW POLICIES UMP FOR OUR
02:12:11.223 --> 02:12:13.759 region:rollup2
AGENCY TO SO TO I'VE I FEEL
02:12:11.791 --> 02:12:14.894 region:rollup2
LIKE.
02:12:13.759 --> 02:12:15.628 region:rollup2
SOME OF THE CARRIERS THAT WERE
02:12:14.894 --> 02:12:16.996 region:rollup2
WORKING WITH AS WELL AS OUR
02:12:15.628 --> 02:12:17.563 region:rollup2
AGENCY OR FILLING A GAP FOR SOME
02:12:16.996 --> 02:12:19.765 region:rollup2
OF THOSE.
02:12:17.563 --> 02:12:20.232 region:rollup2
SOME OF THOSE PEOPLE ARE
02:12:19.765 --> 02:12:21.367 region:rollup2
STRUGGLING OUT THERE.
02:12:20.232 --> 02:12:22.334 region:rollup2
.
02:12:21.367 --> 02:12:24.436 region:rollup2
BUT YEAH I IN IS IT AS FAR AS
02:12:22.334 --> 02:12:26.539 region:rollup2
THE UNDER INSURANCE GOES OUT
02:12:24.436 --> 02:12:27.840 region:rollup2
THAT'S ARM YOU. WON'T WE
02:12:26.539 --> 02:12:29.341 region:rollup2
CERTAINLY HERE A LOT OF THAT AND
02:12:27.840 --> 02:12:31.744 region:rollup2
IN SOME COUNTY SANTA ROSA.
02:12:29.341 --> 02:12:32.711 region:rollup2
FORTUNATELY FOR A FOR OUR
02:12:31.744 --> 02:12:34.947 region:rollup2
AGENCY.
02:12:32.711 --> 02:12:38.017 region:rollup2
WE HAVE NOT SEEN A LOT OF THAT
02:12:34.947 --> 02:12:38.818 region:rollup2
WE WE'VE GOT A MEAL LESS THAN A
02:12:38.017 --> 02:12:40.553 region:rollup2
HANDFUL OF SITUATIONS WHERE.
02:12:38.818 --> 02:12:43.422 region:rollup2
THERE'S THERE'S.
02:12:40.553 --> 02:12:44.323 region:rollup2
SOME TALK ABOUT UNDER INSURANCE
02:12:43.422 --> 02:12:46.225 region:rollup2
ARE THERE'S BEEN SOME CASES
02:12:44.323 --> 02:12:48.093 region:rollup2
WHERE. IT COULD BE CONTENTS WERE
02:12:46.225 --> 02:12:49.428 region:rollup2
SOMEBODY STARTED A HOME BUSINESS
02:12:48.093 --> 02:12:50.529 region:rollup2
DIDN'T TELL US ABOUT IT AND IF
02:12:49.428 --> 02:12:51.931 region:rollup2
IT YOU KNOW ACCUMULATED EIGHTY
02:12:50.529 --> 02:12:53.599 region:rollup2
THOUSAND HOURS INVENTORY THAT WE
02:12:51.931 --> 02:12:54.433 region:rollup2
NEED TO KNOW ABOUT AND AND THEY
02:12:53.599 --> 02:12:57.136 region:rollup2
ADMITTEDLY DIDN'T TELL US.
02:12:54.433 --> 02:12:59.004 region:rollup2
BOB BUT WE HAVE NOT SEEN A.
02:12:57.136 --> 02:13:00.806 region:rollup2
A TREMENDOUS AMOUNT OF UNDER
02:12:59.004 --> 02:13:01.373 region:rollup2
INSURANCE WITH THE NINETEEN
02:13:00.806 --> 02:13:02.341 region:rollup2
HUNDRED CLAIMS IT THAT WE'VE
02:13:01.373 --> 02:13:04.310 region:rollup2
HAD.
02:13:02.341 --> 02:13:05.411 region:rollup2
AND I THINK THAT THAT'S REALLY.
02:13:04.310 --> 02:13:07.880 region:rollup2
.
02:13:05.411 --> 02:13:09.215 region:rollup2
DUE TO THE PROCESS THAT WE WE DO
02:13:07.880 --> 02:13:10.816 region:rollup2
WHEN WE WHEN WE GO AND RIGHT
02:13:09.215 --> 02:13:12.084 region:rollup2
ACCOUNT WE WE DO RUN THE
02:13:10.816 --> 02:13:14.053 region:rollup2
REPLACEMENT COST ESTIMATORS OR
02:13:12.084 --> 02:13:15.721 region:rollup2
REFERENCE EARLIER. IN SOME CASES
02:13:14.053 --> 02:13:17.189 region:rollup2
I DON'T YOU KNOW BASED ON
02:13:15.721 --> 02:13:19.358 region:rollup2
TALKING WITH OUR CLIENTS.
02:13:17.189 --> 02:13:20.659 region:rollup2
WE MAY FEEL THAT THAT THOSE
02:13:19.358 --> 02:13:22.094 region:rollup2
REPLACEMENT COST US METERS AT
02:13:20.659 --> 02:13:23.229 region:rollup2
THE CARRIER DID ART ARE STILL
02:13:22.094 --> 02:13:26.198 region:rollup2
LOS THOSE WHO WILL BUMP BUMP
02:13:23.229 --> 02:13:26.832 region:rollup2
LIMITS AS WELL. AND AND MOST OF
02:13:26.198 --> 02:13:28.767 region:rollup2
THE CARES THAT WE WRITE WITH.
02:13:26.832 --> 02:13:30.703 region:rollup2
WILL OFFER AT LEAST A FIFTY
02:13:28.767 --> 02:13:31.871 region:rollup2
PERCENT EXTENDED REPLACEMENT
02:13:30.703 --> 02:13:33.873 region:rollup2
COST AND AND.
02:13:31.871 --> 02:13:34.473 region:rollup2
A HANDFUL CARES WE WRITE WILL
02:13:33.873 --> 02:13:36.275 region:rollup2
OFFER A HUNDRED PERCENT
02:13:34.473 --> 02:13:37.510 region:rollup2
ADDITIONAL EXTEND REPLACEMENT
02:13:36.275 --> 02:13:39.812 region:rollup2
COST SO.
02:13:37.510 --> 02:13:40.412 region:rollup2
HIM ARE OUR CLIENTS HAVE BEEN
02:13:39.812 --> 02:13:40.546 region:rollup2
VERY VERY WELL COVERED IN AND.
02:13:40.412 --> 02:13:42.414 region:rollup2
.
02:13:40.546 --> 02:13:44.083 region:rollup2
YOU KNOW.
02:13:42.414 --> 02:13:45.484 region:rollup2
I GUESS IN CLOSING YOU KNOW
02:13:44.083 --> 02:13:47.286 region:rollup2
WE'RE NOT WE'RE NOT PANICKED
02:13:45.484 --> 02:13:48.454 region:rollup2
WE'VE WE'VE. YOU KNOW WERE WERE
02:13:47.286 --> 02:13:50.155 region:rollup2
HIRING PEOPLE WERE.
02:13:48.454 --> 02:13:50.923 region:rollup2
LOOKING AT POTENTIALLY
02:13:50.155 --> 02:13:52.491 region:rollup2
ACQUIRING SOME SOME OTHER
02:13:50.923 --> 02:13:54.894 region:rollup2
AGENCIES BUT. NOW WE'RE SEEING
02:13:52.491 --> 02:13:55.995 region:rollup2
THIS AS AN OPPORTUNITY TO.
02:13:54.894 --> 02:13:57.329 region:rollup2
HIM.
02:13:55.995 --> 02:13:58.864 region:rollup2
KEEP DOING WHAT WE'RE DOING AND
02:13:57.329 --> 02:14:01.133 region:rollup2
AND HELP IN THE PEOPLE THAT DID.
02:13:58.864 --> 02:14:01.767 region:rollup2
FIT OTHER TRUSTED US TO PROTECT
02:14:01.133 --> 02:14:02.935 region:rollup2
EVERYTHING THEY'VE WORKED THEIR
02:14:01.767 --> 02:14:04.069 region:rollup2
WHOLE LIFE FOR.
02:14:02.935 --> 02:14:06.105 region:rollup2
THANK YOU I I WILL HAVE SOME
02:14:04.069 --> 02:14:07.640 region:rollup2
QUESTIONS AFTER WE HEAR FROM A
02:14:06.105 --> 02:14:10.743 region:rollup2
IS A TIMBER NET.
02:14:07.640 --> 02:14:12.111 region:rollup2
WITH THE. T. BURNS AND WILCOX
02:14:10.743 --> 02:14:13.412 region:rollup2
GOOD AFTERNOON SIR GOOD
02:14:12.111 --> 02:14:14.246 region:rollup2
AFTERNOON THANK YOU MY NAME'S
02:14:13.412 --> 02:14:15.881 region:rollup2
TIMBER AT AND I'M THE CORPORATE
02:14:14.246 --> 02:14:17.149 region:rollup2
VICE PRESIDENT AND. MANAGING
02:14:15.881 --> 02:14:18.751 region:rollup2
DIRECTOR OF BURNS AND WILCOXSON
02:14:17.149 --> 02:14:20.552 region:rollup2
WOODLAND HILLS I'M A LICENSE
02:14:18.751 --> 02:14:21.987 region:rollup2
SURPLUS LINES BROKERED A MEMBER
02:14:20.552 --> 02:14:22.721 region:rollup2
THE SURPLUS LINES ASSOCIATION
02:14:21.987 --> 02:14:24.423 region:rollup2
CALIFORNIA.
02:14:22.721 --> 02:14:25.958 region:rollup2
I'M HERE TODAY TO SPEAK ON THAT
02:14:24.423 --> 02:14:27.326 region:rollup2
ORGANIZATIONS BEHALF.
02:14:25.958 --> 02:14:28.193 region:rollup2
I'D LIKE TO THANK THE COMMITTEE
02:14:27.326 --> 02:14:29.595 region:rollup2
MEMBERS AND STAFF FOR THE
02:14:28.193 --> 02:14:31.263 region:rollup2
OPPORTUNITY TESTIFIED AT TODAY'S
02:14:29.595 --> 02:14:33.198 region:rollup2
MEETING.
02:14:31.263 --> 02:14:34.566 region:rollup2
THE SURPLUS LINES ASSOCIATION
02:14:33.198 --> 02:14:35.834 region:rollup2
SLI IS COMPOSED OF MORE THAN
02:14:34.566 --> 02:14:36.669 region:rollup2
FIVE THOUSAND THREE HUNDRED
02:14:35.834 --> 02:14:38.070 region:rollup2
LICENSEDBROKERS INSTEAD OF
02:14:36.669 --> 02:14:40.239 region:rollup2
CALIFORNIA.
02:14:38.070 --> 02:14:42.508 region:rollup2
WORKING ON BEHALF OF CALIFORNIA
02:14:40.239 --> 02:14:44.143 region:rollup2
CONSUMERS IN TWENTY SEVENTEEN
02:14:42.508 --> 02:14:45.511 region:rollup2
OUR MEMBERS PLACE TO VOTE NEARLY
02:14:44.143 --> 02:14:47.046 region:rollup2
SIX HUNDRED AND FIFTY THOUSAND
02:14:45.511 --> 02:14:48.480 region:rollup2
POLICIES IN THE STATE OF
02:14:47.046 --> 02:14:50.249 region:rollup2
CALIFORNIA TOTALING MORE THAN
02:14:48.480 --> 02:14:52.017 region:rollup2
SIX POINT FIVE BILLION DOLLARS
02:14:50.249 --> 02:14:53.552 region:rollup2
IN PROCESS PREMIUM.
02:14:52.017 --> 02:14:55.054 region:rollup2
SURPLUS LINE INSURANCE ENABLES
02:14:53.552 --> 02:14:56.455 region:rollup2
CALIFORNIA LEADERS TO DO THE
02:14:55.054 --> 02:14:58.123 region:rollup2
BUSINESS AND HELP THAT HELPS
02:14:56.455 --> 02:14:59.592 region:rollup2
ENSURE THE CONTINUED GROWTH. OF
02:14:58.123 --> 02:15:01.193 region:rollup2
THE CALIFORNIA OF CALIFORNIA'S
02:14:59.592 --> 02:15:02.461 region:rollup2
ROBUST ECONOMY.
02:15:01.193 --> 02:15:04.229 region:rollup2
THERE WHERE THE MARKET MAKERS OF
02:15:02.461 --> 02:15:06.031 region:rollup2
AUTONOMOUS VEHICLES FOR EXAMPLE
02:15:04.229 --> 02:15:07.733 region:rollup2
GROWERS OF LEGAL CANNABIS.
02:15:06.031 --> 02:15:08.867 region:rollup2
BUILDERS OF STADIUMS AND
02:15:07.733 --> 02:15:10.402 region:rollup2
COMPANIES SEEKING TO PROTECT
02:15:08.867 --> 02:15:11.971 region:rollup2
THEMSELVES FROM CYBER ATTACKS
02:15:10.402 --> 02:15:13.739 region:rollup2
AMONG MANY OTHER RISKS GO TO GET
02:15:11.971 --> 02:15:15.474 region:rollup2
INSURANCE.
02:15:13.739 --> 02:15:17.710 region:rollup2
WE ARE THE VITAL COMPONENT THE
02:15:15.474 --> 02:15:18.510 region:rollup2
WORLD'S SIXTH LARGEST ECONOMY.
02:15:17.710 --> 02:15:20.045 region:rollup2
THE CALIFORNIA DEPARTMENT
02:15:18.510 --> 02:15:21.814 region:rollup2
INSURANCE IN NINETEEN NINETY
02:15:20.045 --> 02:15:23.649 region:rollup2
FOUR POINT OF THE SLA HAS A
02:15:21.814 --> 02:15:25.417 region:rollup2
STATUTORY SURPLUS LINES ADVISORY
02:15:23.649 --> 02:15:28.087 region:rollup2
ORG ORGANIZATION.
02:15:25.417 --> 02:15:29.888 region:rollup2
OUR JOB AS A CD I APPOINTED
02:15:28.087 --> 02:15:31.123 region:rollup2
ADVISE YOU ORGANIZATION IS TO
02:15:29.888 --> 02:15:32.024 region:rollup2
ENSURE THAT ALL CALIFORNIA
02:15:31.123 --> 02:15:33.292 region:rollup2
LICENSE BROKERS REMAINING
02:15:32.024 --> 02:15:34.893 region:rollup2
COMPLIANCE.
02:15:33.292 --> 02:15:37.262 region:rollup2
HOW WITH ALL PERTINENT STATE
02:15:34.893 --> 02:15:38.564 region:rollup2
LAWS AND REGULATIONS AND THE SLA
02:15:37.262 --> 02:15:40.466 region:rollup2
DOES SO BY EXAMINING EVERY
02:15:38.564 --> 02:15:42.101 region:rollup2
SURPLUS LINES POLICY FILED IN
02:15:40.466 --> 02:15:43.569 region:rollup2
THE SAME?
02:15:42.101 --> 02:15:45.571 region:rollup2
THE SOA WORKS WITH ITS MEMBERS
02:15:43.569 --> 02:15:47.640 region:rollup2
LIKE MYSELF TO ENSURE A HEALTHY
02:15:45.571 --> 02:15:48.841 region:rollup2
FAIR AND COMPETITIVE SURPLUS
02:15:47.640 --> 02:15:50.509 region:rollup2
LINE MARKET IN THE STATE OF
02:15:48.841 --> 02:15:52.044 region:rollup2
CALIFORNIA. THAT PROTECTS
02:15:50.509 --> 02:15:53.679 region:rollup2
CONSUMERS AND HELPS MEET OUR
02:15:52.044 --> 02:15:55.748 region:rollup2
GOAL OF GETTING ALL CALIFORNIANS
02:15:53.679 --> 02:15:57.216 region:rollup2
THE COVERAGE THEY NEED.
02:15:55.748 --> 02:15:59.118 region:rollup2
SURPLUS LINES INSURANCE IS
02:15:57.216 --> 02:16:00.853 region:rollup2
TYPICALLY PLACED ONLY IN CASES
02:15:59.118 --> 02:16:03.022 region:rollup2
OF UNIQUE DISTRESSED HER HIGH
02:16:00.853 --> 02:16:04.590 region:rollup2
CAPACITY RISKS.
02:16:03.022 --> 02:16:06.258 region:rollup2
OR NEW RISKS FOR WHICH THERE IS
02:16:04.590 --> 02:16:07.526 region:rollup2
NO LOSS HISTORY IF HE ADMITTED
02:16:06.258 --> 02:16:09.228 region:rollup2
MARKET WILL WRITE A POLICY THE
02:16:07.526 --> 02:16:11.730 region:rollup2
SURPLUS LINES MARKET IS
02:16:09.228 --> 02:16:13.132 region:rollup2
FORBIDDEN FROM OFFERING THE SAME
02:16:11.730 --> 02:16:14.933 region:rollup2
POLICY. OR QUOTE.
02:16:13.132 --> 02:16:16.301 region:rollup2
SURPLUS LINE BROKERS CAN PLACE
02:16:14.933 --> 02:16:17.970 region:rollup2
POLICIES WITH CARRIERS WHO ARE
02:16:16.301 --> 02:16:21.240 region:rollup2
LICENSE OUTSIDE THE STATE OF
02:16:17.970 --> 02:16:23.275 region:rollup2
CALIFORNIA. IF AND ONLY IF THEY
02:16:21.240 --> 02:16:23.842 region:rollup2
CANNOT FIND ADMITTED CARRIER WHO
02:16:23.275 --> 02:16:24.810 region:rollup2
WILL ENSURE THE RISK IN THE
02:16:23.842 --> 02:16:26.979 region:rollup2
STATE.
02:16:24.810 --> 02:16:28.781 region:rollup2
BY LOST.
02:16:26.979 --> 02:16:30.249 region:rollup2
A BROKER MUST RECEIVE AT LEAST
02:16:28.781 --> 02:16:31.750 region:rollup2
THREE DECLINATIONS
02:16:30.249 --> 02:16:33.652 region:rollup2
IN THE ADMITTED MARKET BEFORE
02:16:31.750 --> 02:16:34.653 region:rollup2
SEEKING A PLACE OF SEEKING TO
02:16:33.652 --> 02:16:36.855 region:rollup2
PLACE A RISK IN THE SURPLUS
02:16:34.653 --> 02:16:37.923 region:rollup2
LINES MARKET.
02:16:36.855 --> 02:16:39.925 region:rollup2
BROKERS MUST LIST THESE
02:16:37.923 --> 02:16:41.994 region:rollup2
DECLINATIONS IN THE POLICIES
02:16:39.925 --> 02:16:43.529 region:rollup2
THEY FILE WITH OUR ASSOCIATION
02:16:41.994 --> 02:16:45.030 region:rollup2
OR BE REFERRED TO THE DEPARTMENT
02:16:43.529 --> 02:16:47.199 region:rollup2
FOR FAILURE TO COMPLY.
02:16:45.030 --> 02:16:48.600 region:rollup2
WELL EXCUSE ME OR BE REFERRED
02:16:47.199 --> 02:16:50.803 region:rollup2
TO THE DEPARTMENT OF INSURANCE
02:16:48.600 --> 02:16:52.137 region:rollup2
FOR FAILURE TO COMPLY WITH STATE
02:16:50.803 --> 02:16:54.540 region:rollup2
LAWS AND REGULATIONS.
02:16:52.137 --> 02:16:56.208 region:rollup2
BY PLACING SURPLUS LINE POLICIES
02:16:54.540 --> 02:16:57.509 region:rollup2
OUR BROKERS HELP CONSUMERS. WHO
02:16:56.208 --> 02:16:58.711 region:rollup2
COULD NOT OTHERWISE GET
02:16:57.509 --> 02:16:59.545 region:rollup2
INSURANCE TO PROTECT THEMSELVES
02:16:58.711 --> 02:17:01.613 region:rollup2
AGAINST SIGNIFICANT PROPERTY
02:16:59.545 --> 02:17:03.315 region:rollup2
LIABILITY LOSSES?
02:17:01.613 --> 02:17:03.816 region:rollup2
TYPICALLY OUR BROKERS PLACE
02:17:03.315 --> 02:17:05.250 region:rollup2
INSURANCE FOR COMMERCIAL
02:17:03.816 --> 02:17:06.485 region:rollup2
INTERESTS.
02:17:05.250 --> 02:17:08.220 region:rollup2
AND THE OVERWHELMING MAJORITY OF
02:17:06.485 --> 02:17:09.688 region:rollup2
POLICIES PLACE THE CALIFORNIA
02:17:08.220 --> 02:17:10.522 region:rollup2
SURPLUS LINE MARKET OUR
02:17:09.688 --> 02:17:13.358 region:rollup2
COMMERCIAL.
02:17:10.522 --> 02:17:14.426 region:rollup2
OR BUSINESS INSURANCE POLICIES.
02:17:13.358 --> 02:17:15.894 region:rollup2
WHILE IT IS TRUE THAT THE NUMBER
02:17:14.426 --> 02:17:17.296 region:rollup2
OF HOMEOWNER POLICIES ENSURE THE
02:17:15.894 --> 02:17:18.964 region:rollup2
SURPLUS LINES MARKET IN
02:17:17.296 --> 02:17:20.065 region:rollup2
CALIFORNIA ROUGHLY DOUBLED FROM
02:17:18.964 --> 02:17:22.201 region:rollup2
TWENTY THIRTEEN TO TWENTY
02:17:20.065 --> 02:17:23.135 region:rollup2
SEVENTEEN. ONLY A SMALL FRACTION
02:17:22.201 --> 02:17:25.037 region:rollup2
OF THE TOTAL NUMBER OF
02:17:23.135 --> 02:17:26.772 region:rollup2
HOMEOWNERS POLICIES PLACED AND
02:17:25.037 --> 02:17:28.574 region:rollup2
KEPT IN CALIFORNIA ARE IN
02:17:26.772 --> 02:17:29.808 region:rollup2
SURPLUS LINES.
02:17:28.574 --> 02:17:32.144 region:rollup2
THE NUMBER OF TOTAL HOMEOWNER
02:17:29.808 --> 02:17:33.612 region:rollup2
POLICIES IN TWENTY SEVENTEEN WAS
02:17:32.144 --> 02:17:35.180 region:rollup2
LESS THAN TWENTY FOUR THOUSAND.
02:17:33.612 --> 02:17:37.182 region:rollup2
TWENTY THREE NINE SEVENTY TO BE
02:17:35.180 --> 02:17:38.751 region:rollup2
EXACT REPRESENTED PROXY
02:17:37.182 --> 02:17:40.986 region:rollup2
APPROXIMATELY THREE POINT SEVEN
02:17:38.751 --> 02:17:42.521 region:rollup2
PERCENT OF ALL SURPLUS LINES
02:17:40.986 --> 02:17:44.556 region:rollup2
POLICIES WRITTEN IN THE STATE.
02:17:42.521 --> 02:17:46.358 region:rollup2
IN TWENTY SEVENTEEN.
02:17:44.556 --> 02:17:48.026 region:rollup2
THE TOTAL WRITTEN PREMIUM OF A
02:17:46.358 --> 02:17:49.428 region:rollup2
FOR SURPLUS LINES HOMEOWNERS
02:17:48.026 --> 02:17:51.296 region:rollup2
INSURANCE IN TWENTY SEVENTEEN
02:17:49.428 --> 02:17:53.031 region:rollup2
REPRESENTED UP APPROXIMATELY
02:17:51.296 --> 02:17:54.800 region:rollup2
SEVEN TENTHS OF ONE PERCENT. OF
02:17:53.031 --> 02:17:56.735 region:rollup2
ALL SURPLUS LINES PREMIUMS IN
02:17:54.800 --> 02:17:58.704 region:rollup2
THE STATE.
02:17:56.735 --> 02:18:00.539 region:rollup2
ACCORDING TO THE SLA STATISTICS
02:17:58.704 --> 02:18:02.474 region:rollup2
AND STATISTICS AVAILABLE FROM
02:18:00.539 --> 02:18:04.376 region:rollup2
THE CD I. A SURPLUS LINES
02:18:02.474 --> 02:18:05.377 region:rollup2
PREMIUMS PROCESS THAT YOUR
02:18:04.376 --> 02:18:06.979 region:rollup2
ACCOUNT FOR LESS THAN ONE HALF
02:18:05.377 --> 02:18:08.614 region:rollup2
OF ONE PERCENT. OF ALL
02:18:06.979 --> 02:18:10.215 region:rollup2
HOMEOWNERS ROB PREMIUMS WRITTEN
02:18:08.614 --> 02:18:11.383 region:rollup2
IN CALIFORNIA.
02:18:10.215 --> 02:18:12.751 region:rollup2
SO YOU CAN TELL FROM THE NUMBERS
02:18:11.383 --> 02:18:14.820 region:rollup2
IT'S VERY UNUSUAL FOR HOMEOWNERS
02:18:12.751 --> 02:18:16.822 region:rollup2
POLICIES TO GO INTO THE SURPLUS
02:18:14.820 --> 02:18:17.523 region:rollup2
LINES MARKETPLACE. HOWEVER IT IS
02:18:16.822 --> 02:18:19.691 region:rollup2
VITALLY IMPORTANT FOR THOSE
02:18:17.523 --> 02:18:20.292 region:rollup2
HOMEOWNERS TO HAVE A SURPLUS
02:18:19.691 --> 02:18:22.327 region:rollup2
LINES.
02:18:20.292 --> 02:18:23.929 region:rollup2
OPTION WHEN ADMITTED INSURERS
02:18:22.327 --> 02:18:25.631 region:rollup2
MAKE A BUSINESS DECISION TO
02:18:23.929 --> 02:18:27.132 region:rollup2
REDUCE THEIR LOS EXPOSURES IN
02:18:25.631 --> 02:18:28.600 region:rollup2
FIRE PRONE AREAS.
02:18:27.132 --> 02:18:30.802 region:rollup2
IF ADMITTED CARRY WILL NOT
02:18:28.600 --> 02:18:32.571 region:rollup2
INSURE THE REST CONSUMERS MUST
02:18:30.802 --> 02:18:34.406 region:rollup2
LOOK TO THE SURPLUS LINES
02:18:32.571 --> 02:18:36.175 region:rollup2
MARKETPLACE OR THE FAIR PLAN. OR
02:18:34.406 --> 02:18:37.709 region:rollup2
GO UNINSURED. AND GOING ON
02:18:36.175 --> 02:18:39.211 region:rollup2
INSURED AS WE KNOW IS AN OUTCOME
02:18:37.709 --> 02:18:40.245 region:rollup2
W. DESIRES.
02:18:39.211 --> 02:18:41.213 region:rollup2
WE BELIEVE THAT THE INCREASE
02:18:40.245 --> 02:18:42.781 region:rollup2
EVER FROM ROUGHLY ELEVEN
02:18:41.213 --> 02:18:44.416 region:rollup2
THOUSAND FIVE HUNDRED SURPLUS
02:18:42.781 --> 02:18:46.652 region:rollup2
LINE HOMEOWNER POLICIES PLACED
02:18:44.416 --> 02:18:48.153 region:rollup2
IN CALIFORNIA TWENTY THIRTEEN.
02:18:46.652 --> 02:18:49.354 region:rollup2
TO NEARLY TWENTY FOUR THOUSAND
02:18:48.153 --> 02:18:52.457 region:rollup2
TWENTY SEVENTEEN WAS DRIVEN IN
02:18:49.354 --> 02:18:55.060 region:rollup2
NO SMALL PART BY WILDFIRES.
02:18:52.457 --> 02:18:55.060 region:rollup2
WELL WE DO NOT SPECIFICALLY
02:18:55.127 --> 02:18:58.063 region:rollup2
HOMEOWNERS POLICIES ARE ISSUED.
02:18:56.628 --> 02:18:59.398 region:rollup2
WE HAVE SEEN A NUMBER OF FACTORS
02:18:58.063 --> 02:19:01.266 region:rollup2
THAT INDICATE CORRELATION
02:18:59.398 --> 02:19:01.800 region:rollup2
BETWEEN FIRES AND THE ISSUANCE
02:19:01.266 --> 02:19:03.535 region:rollup2
OF SURPLUS LINE HOMEOWNER
02:19:01.800 --> 02:19:04.736 region:rollup2
POLICIES.
02:19:03.535 --> 02:19:06.405 region:rollup2
THE MASSIVE FIRES IN RECENT
02:19:04.736 --> 02:19:07.773 region:rollup2
MONTHS AND IT CONTINUED TREND
02:19:06.405 --> 02:19:09.441 region:rollup2
TOWARD SURPLUS. HOMEOWNER
02:19:07.773 --> 02:19:11.176 region:rollup2
POLICIES BEING ISSUED IN FIRE
02:19:09.441 --> 02:19:13.512 region:rollup2
PRONE AREAS POINT IN THIS
02:19:11.176 --> 02:19:14.746 region:rollup2
DIRECTION.
02:19:13.512 --> 02:19:15.647 region:rollup2
IT IS THE LEGISLATIVE AND
02:19:14.746 --> 02:19:17.216 region:rollup2
REGULATORY INTENT OF STATE
02:19:15.647 --> 02:19:19.084 region:rollup2
CALIFORNIA ADMITTED INSURERS
02:19:17.216 --> 02:19:20.152 region:rollup2
MUST HAVE THE FIRST OPPORTUNITY
02:19:19.084 --> 02:19:22.754 region:rollup2
AT PROVIDING INSURANCE TO
02:19:20.152 --> 02:19:24.690 region:rollup2
CALIFORNIA CONSUMERS.
02:19:22.754 --> 02:19:26.091 region:rollup2
AND THIS IS RIGHT AND PROPER THE
02:19:24.690 --> 02:19:27.426 region:rollup2
SURPLUS LINE INDUSTRY'S ROLE IS
02:19:26.091 --> 02:19:29.161 region:rollup2
TO PROVIDE INSURANCE WHERE IS
02:19:27.426 --> 02:19:30.629 region:rollup2
OTHERWISE UNAVAILABLE.
02:19:29.161 --> 02:19:32.197 region:rollup2
WE WILL CONTINUE TO PROVIDE THIS
02:19:30.629 --> 02:19:32.998 region:rollup2
OPTION FOR CALIFORNIANS.
02:19:32.197 --> 02:19:34.132 region:rollup2
FIND THEMSELVES WITHOUT
02:19:32.998 --> 02:19:35.968 region:rollup2
INSURANCE PROVIDERS IN THE
02:19:34.132 --> 02:19:37.035 region:rollup2
ADMITTED MARKET.
02:19:35.968 --> 02:19:38.470 region:rollup2
I THANK YOU FOR THE OPPORTUNITY
02:19:37.035 --> 02:19:39.104 region:rollup2
TO TESTIFY HERE TODAY AND WILL
02:19:38.470 --> 02:19:40.539 region:rollup2
BE GLAD TO ANSWER ANY QUESTIONS
02:19:39.104 --> 02:19:42.274 region:rollup2
YOU MIGHT HAVE.
02:19:40.539 --> 02:19:44.176 region:rollup2
SELECT ALSO I INTRODUCED SYLVIA
02:19:42.274 --> 02:19:45.177 region:rollup2
ANALYSIS FROM OUR FIRM SYLVIA'S
02:19:44.176 --> 02:19:46.812 region:rollup2
THE DIRECTOR OF PERSONAL
02:19:45.177 --> 02:19:48.313 region:rollup2
INSURANCE FOR A BIRDS WILCOXON
02:19:46.812 --> 02:19:49.982 region:rollup2
SOUTHERN CALIFORNIA TWENTY TWO.
02:19:48.313 --> 02:19:51.183 region:rollup2
YEAR VETERAN OF. PERSONAL
02:19:49.982 --> 02:19:52.351 region:rollup2
INSURANCE BUT PRINCIPALLY
02:19:51.183 --> 02:19:54.653 region:rollup2
HOMEOWNERS INSURANCE THE NIGHT
02:19:52.351 --> 02:19:55.187 region:rollup2
OF NEEDED MARKET AND SHE AND I
02:19:54.653 --> 02:19:57.055 region:rollup2
BOTH BE HAVE TO ANSWER ANY
02:19:55.187 --> 02:19:57.222 region:rollup2
QUESTIONS.
02:19:57.055 --> 02:19:58.924 region:rollup2
SO.
02:19:57.222 --> 02:20:00.592 region:rollup2
.
02:19:58.924 --> 02:20:02.227 region:rollup2
WELL LET ME ASK YOU TO IS YOUR
02:20:00.592 --> 02:20:03.896 region:rollup2
ANYTHING YOU'D LIKE TO ADD TO.
02:20:02.227 --> 02:20:05.297 region:rollup2
VOTE TO THE REMARKS THAT HAVE
02:20:03.896 --> 02:20:06.765 region:rollup2
BEEN MADE TO DO HOMEOWNERS
02:20:05.297 --> 02:20:08.233 region:rollup2
PRIMARILY.
02:20:06.765 --> 02:20:09.901 region:rollup2
I DO I DO HOMEOWNERS AND COULD
02:20:08.233 --> 02:20:11.870 region:rollup2
YOU SHARE WITH US THEN OF YOUR
02:20:09.901 --> 02:20:13.639 region:rollup2
EXPERIENCE I I BELIEVE MISTER
02:20:11.870 --> 02:20:15.974 region:rollup2
BURNETT SAID THAT. ONLY ABOUT
02:20:13.639 --> 02:20:17.809 region:rollup2
POINT FIVE PERCENT OF THE
02:20:15.974 --> 02:20:21.079 region:rollup2
INSURANCE YOU RIGHT IS
02:20:17.809 --> 02:20:23.115 region:rollup2
HOMEOWNERS OF OBSERVERS LINES OF
02:20:21.079 --> 02:20:23.749 region:rollup2
SURPLUS MONEY TO.
02:20:23.115 --> 02:20:24.783 region:rollup2
OBSERVER GEMS AS THE CALIFORNIA
02:20:23.749 --> 02:20:25.884 region:rollup2
YEAH RIGHT.
02:20:24.783 --> 02:20:27.686 region:rollup2
CAKE COULD COULD YOU.
02:20:25.884 --> 02:20:29.087 region:rollup2
PERHAPS OFFICE WERE ABOUT FIFTY
02:20:27.686 --> 02:20:30.822 region:rollup2
FIFTY WE DO HAVE ADMITTED
02:20:29.087 --> 02:20:32.124 region:rollup2
MARKETS AND ON ADMITTED MA I SEE
02:20:30.822 --> 02:20:33.458 region:rollup2
THAT WE DO WRITE ABOUT HALF OF
02:20:32.124 --> 02:20:34.860 region:rollup2
IT ADMITTED AND HALF OF IT ON A
02:20:33.458 --> 02:20:37.195 region:rollup2
MINUTE SO FAR NOT BY ADMITTED
02:20:34.860 --> 02:20:38.297 region:rollup2
MARKETS. WILL NOT WRITE THE REST
02:20:37.195 --> 02:20:40.098 region:rollup2
THEN WE DO HAVE TO GO NOT
02:20:38.297 --> 02:20:41.133 region:rollup2
ADMITTED BUT WE ALWAYS TRY TO
02:20:40.098 --> 02:20:42.734 region:rollup2
FIND A PLACEMENT AND UNDER WHAT
02:20:41.133 --> 02:20:44.803 region:rollup2
CIRCUMSTANCES DOES THE.
02:20:42.734 --> 02:20:46.805 region:rollup2
THE DO YOU ADMITTED MARKET
02:20:44.803 --> 02:20:49.775 region:rollup2
FOLKS GENERALLY NOT ACCEPT THE
02:20:46.805 --> 02:20:50.008 region:rollup2
RISK THAT REQUIRES THAT YOU GO
02:20:49.775 --> 02:20:51.510 region:rollup2
TO THE.
02:20:50.008 --> 02:20:53.278 region:rollup2
TO THE SURPLUS MARKET.
02:20:51.510 --> 02:20:54.513 region:rollup2
THE MAIN RISK IS THE EITHER THE
02:20:53.278 --> 02:20:56.548 region:rollup2
WILDFIRE LOCATION.
02:20:54.513 --> 02:20:57.916 region:rollup2
OR CHARACTERISTICS OF THE HOME
02:20:56.548 --> 02:20:59.584 region:rollup2
A LOT OF TIMES WE'LL SEE HOMES
02:20:57.916 --> 02:21:01.653 region:rollup2
THAT HAVEN'T BEEN UPDATED OR
02:20:59.584 --> 02:21:04.423 region:rollup2
SEVERAL LOSSES USUALLY WATER
02:21:01.653 --> 02:21:07.292 region:rollup2
LOSSES ARE ONES THAT. MAKE YOU
02:21:04.423 --> 02:21:08.327 region:rollup2
GO INTO A NON ADMITTED MARKET.
02:21:07.292 --> 02:21:10.595 region:rollup2
THAT'S A THAT'S FROM LOOKING FOR
02:21:08.327 --> 02:21:12.164 region:rollup2
WHAT WOULD MAKE A HOME GO INTO
02:21:10.595 --> 02:21:12.798 region:rollup2
THE NON.
02:21:12.164 --> 02:21:15.834 region:rollup2
SAYS COULD.
02:21:12.798 --> 02:21:17.436 region:rollup2
UPDATES OF A HOME A LOT OF
02:21:15.834 --> 02:21:18.537 region:rollup2
TIMES IT WOULD SHAKE ROOF WILL
02:21:17.436 --> 02:21:19.571 region:rollup2
NOT ALLOW IT TO GO TO BE
02:21:18.537 --> 02:21:23.775 region:rollup2
ADMITTED MARKET.
02:21:19.571 --> 02:21:25.677 region:rollup2
AND THE LOCATION.
02:21:23.775 --> 02:21:27.212 region:rollup2
PATRICIA K. ARE SO I HAVE I DO
02:21:25.677 --> 02:21:28.880 region:rollup2
HAVE A FEW QUESTIONS AND I I AM
02:21:27.212 --> 02:21:31.583 region:rollup2
SERVICE MISTER A NOR WOULD WHICH
02:21:28.880 --> 02:21:33.819 region:rollup2
TO RESPOND TO THE SUGGESTION.
02:21:31.583 --> 02:21:35.387 region:rollup2
THAT WE SHOULD OPEN UP THE STATE
02:21:33.819 --> 02:21:37.889 region:rollup2
TO SOME OF THESE.
02:21:35.387 --> 02:21:40.692 region:rollup2
OTHER NON STATE BASED.
02:21:37.889 --> 02:21:42.461 region:rollup2
A MARKET SO OR I SHOULD SAY
02:21:40.692 --> 02:21:44.029 region:rollup2
INSURANCE COMPANIES IN ORDER TO
02:21:42.461 --> 02:21:45.931 region:rollup2
INCREASE THE COMPETITION I GUESS
02:21:44.029 --> 02:21:47.499 region:rollup2
IS THE SUGGESTION. WELL I THINK
02:21:45.931 --> 02:21:49.267 region:rollup2
THAT THERE'S A VERY GOOD BALANCE
02:21:47.499 --> 02:21:50.602 region:rollup2
RIGHT NOW AND.
02:21:49.267 --> 02:21:51.703 region:rollup2
IT WOULD SHOULD BUT IT INSURANCE
02:21:50.602 --> 02:21:53.105 region:rollup2
COMPANIES ARE BY AND LARGE
02:21:51.703 --> 02:21:54.906 region:rollup2
COMFORTABLE WITH NOT ADMITTED%
02:21:53.105 --> 02:21:55.974 region:rollup2
INSURANCE COMPANIES BECAUSE
02:21:54.906 --> 02:21:56.641 region:rollup2
THERE IS KIND OF A LINE THERE
02:21:55.974 --> 02:21:58.243 region:rollup2
ARE THAT.
02:21:56.641 --> 02:22:00.379 region:rollup2
THERE'S SEVERAL LINES OF
02:21:58.243 --> 02:22:00.712 region:rollup2
INSURANCE THAT EVERYBODY AGREES
02:22:00.379 --> 02:22:02.547 region:rollup2
THAT.
02:22:00.712 --> 02:22:04.516 region:rollup2
THERE'S NO ADMITTED COVERAGE
02:22:02.547 --> 02:22:05.917 region:rollup2
FOR SO THE COMMISSIONER ALLOWS.
02:22:04.516 --> 02:22:07.185 region:rollup2
AGENTS AND BROKERS TO PLACE
02:22:05.917 --> 02:22:09.388 region:rollup2
BUSINESS IN THOSE MARKETS
02:22:07.185 --> 02:22:10.489 region:rollup2
WITHOUT THE DECLINATIONS ON THE
02:22:09.388 --> 02:22:13.058 region:rollup2
OTHER LINES THEY HAVE TO GET
02:22:10.489 --> 02:22:14.860 region:rollup2
DECLINATIONS AS INDICATED.
02:22:13.058 --> 02:22:17.396 region:rollup2
THE SURPLUS LINES MARKET IS A
02:22:14.860 --> 02:22:19.898 region:rollup2
VERY SMALL ZEAL SEGMENT OF THE
02:22:17.396 --> 02:22:23.435 region:rollup2
OVERALL MARKET AS. YOU KNOW TIM
02:22:19.898 --> 02:22:24.736 region:rollup2
TESTIFIED TO SO I AM REALLY
02:22:23.435 --> 02:22:27.205 region:rollup2
THERE'S A GREAT BALANCE THERE
02:22:24.736 --> 02:22:28.707 region:rollup2
NOW AND I THINK THAT. THE
02:22:27.205 --> 02:22:31.943 region:rollup2
SURPLUS LINES MARKET MARKET
02:22:28.707 --> 02:22:34.646 region:rollup2
PRIMARILY SERVES THESE AND IT
02:22:31.943 --> 02:22:38.150 region:rollup2
HILL SPECIALTY RIPS THINGS THAT
02:22:34.646 --> 02:22:42.354 region:rollup2
HE THERE ARE AROUND. HIM MULTI
02:22:38.150 --> 02:22:45.857 region:rollup2
SIT MULTI STATE RISKS I'M. YOU
02:22:42.354 --> 02:22:48.160 region:rollup2
KNOW LOVE YA HIGH HIGH RISK
02:22:45.857 --> 02:22:50.228 region:rollup2
ESPECIALLY RISKS THAT THE
02:22:48.160 --> 02:22:53.398 region:rollup2
ADMITTED MARKET HIM DOESN'T ONE
02:22:50.228 --> 02:22:55.934 region:rollup2
RIGHT SO IT WE WE THINK THE
02:22:53.398 --> 02:22:56.468 region:rollup2
BOUNCE IS VERY GOOD AND THEY ARE
02:22:55.934 --> 02:22:58.670 region:rollup2
NOW IN THE PROTECTIONS ARE
02:22:56.468 --> 02:23:00.372 region:rollup2
THERE.
02:22:58.670 --> 02:23:02.908 region:rollup2
I THINK ONE OF THE WITNESSES
02:23:00.372 --> 02:23:05.310 region:rollup2
INDICATED THAT THEY WERE
02:23:02.908 --> 02:23:08.914 region:rollup2
CONCERNED ABOUT THE NOT ADMITTED
02:23:05.310 --> 02:23:11.783 region:rollup2
MARKET BECAUSE THOSE COMPANIES
02:23:08.914 --> 02:23:15.720 region:rollup2
DON'T HAVE A STATE GUARANTEE
02:23:11.783 --> 02:23:17.889 region:rollup2
ASSOCIATION. ARE ACTUALLY VIEW
02:23:15.720 --> 02:23:19.724 region:rollup2
LOOK AT THE RECORDS ARE NOT
02:23:17.889 --> 02:23:20.325 region:rollup2
ADMITTED MARKET.
02:23:19.724 --> 02:23:29.701 region:rollup2
TRADITIONALLY IS BEEN STRONGER
02:23:20.325 --> 02:23:29.901 region:rollup2
NO YOU KNOW IT IS ABOUT HERE IS
02:23:29.701 --> 02:23:30.936 region:rollup2
ABOUT.
02:23:29.901 --> 02:23:32.671 region:rollup2
.
02:23:30.936 --> 02:23:34.306 region:rollup2
DESIRABILITY I MEAN ONE OF THE
02:23:32.671 --> 02:23:35.307 region:rollup2
THINGS WE TALKED ABOUT HERE ONE
02:23:34.306 --> 02:23:37.275 region:rollup2
OF THE WITNESSES TALKED ABOUT
02:23:35.307 --> 02:23:38.977 region:rollup2
WAS THE COULD STICKS AND HAVING
02:23:37.275 --> 02:23:40.979 region:rollup2
DATA THIS AND THAT. ALTERNATE
02:23:38.977 --> 02:23:42.781 region:rollup2
FOR EASTER BASED INSURANCE RATES
02:23:40.979 --> 02:23:44.749 region:rollup2
ARE BASED ON DATA. IF HER
02:23:42.781 --> 02:23:47.519 region:rollup2
SMALLER COMPANY YOU DON'T HAVE
02:23:44.749 --> 02:23:48.854 region:rollup2
ENOUGH DATA OF YOUR OWN YOU GO
02:23:47.519 --> 02:23:49.821 region:rollup2
TO IDEA SO INSURANCE SERVICES
02:23:48.854 --> 02:23:52.057 region:rollup2
OFFICE AND THEY CAN GET YOU
02:23:49.821 --> 02:23:53.625 region:rollup2
INFORMATION CALIFORNIA SPECIFIC.
02:23:52.057 --> 02:23:57.028 region:rollup2
INFORMATION AND THAT'S HOW YOU
02:23:53.625 --> 02:23:57.696 region:rollup2
DEVELOP YOUR RATES.
02:23:57.028 --> 02:23:58.396 region:rollup2
YOU CAN'T.
02:23:57.696 --> 02:24:01.399 region:rollup2
IN THAT MARKETPLACE COME UP WITH
02:23:58.396 --> 02:24:02.734 region:rollup2
A SUGGESTION FOR A DISCOUNT OR
02:24:01.399 --> 02:24:04.836 region:rollup2
AND AN INCREASE OF SOMETHING
02:24:02.734 --> 02:24:06.004 region:rollup2
THAT'S NOT ACTUAR WE VIABLE THE
02:24:04.836 --> 02:24:07.405 region:rollup2
YOU CAN'T PROVE TO THE
02:24:06.004 --> 02:24:10.041 region:rollup2
COMMISSIONER HAS A. HAS AN
02:24:07.405 --> 02:24:11.576 region:rollup2
EFFECT ON YOUR RATES SO YOU KNOW
02:24:10.041 --> 02:24:13.011 region:rollup2
SOME OF THE THINGS WE'RE TALKING
02:24:11.576 --> 02:24:13.778 region:rollup2
ABOUT TODAY HAVING HIM
02:24:13.011 --> 02:24:17.449 region:rollup2
REPOSITIONING.
02:24:13.778 --> 02:24:20.585 region:rollup2
NO FIRE FACILITA FACILITIES.
02:24:17.449 --> 02:24:22.487 region:rollup2
NO HAVING A MITIGATION OF
02:24:20.585 --> 02:24:26.157 region:rollup2
AROUND YOUR HOME OR YOU KNOW
02:24:22.487 --> 02:24:27.325 region:rollup2
FOREST. LAND MANAGEMENT THINGS
02:24:26.157 --> 02:24:28.226 region:rollup2
ALL ALL THAT WELL.
02:24:27.325 --> 02:24:29.928 region:rollup2
UNTIL THE THOSE ARE PROVEN TO
02:24:28.226 --> 02:24:31.463 region:rollup2
HAPPEN UNTIL THERE'S SOME
02:24:29.928 --> 02:24:32.164 region:rollup2
HISTORY THAT THEY'VE ACTUALLY
02:24:31.463 --> 02:24:34.699 region:rollup2
SAVED.
02:24:32.164 --> 02:24:37.469 region:rollup2
STRUCTURES MONEY.
02:24:34.699 --> 02:24:39.804 region:rollup2
HIM HAVE MADE THE EVENTS.
02:24:37.469 --> 02:24:40.405 region:rollup2
WILL. FEEL LESS CATASTROPHE
02:24:39.804 --> 02:24:41.239 region:rollup2
THAN THEY WOULD THEY WOULD BE
02:24:40.405 --> 02:24:42.574 region:rollup2
HE.
02:24:41.239 --> 02:24:45.744 region:rollup2
CAN'T TECHNICALLY PUT THOSE AND
02:24:42.574 --> 02:24:46.278 region:rollup2
YOUR RATES SO YOU KNOW IT IT.
02:24:45.744 --> 02:24:48.246 region:rollup2
IT IS A.
02:24:46.278 --> 02:24:49.881 region:rollup2
YOU KNOW AS WELL SWINGS OR IS A
02:24:48.246 --> 02:24:51.149 region:rollup2
CATCH TWENTY TWO SOMETIMES.
02:24:49.881 --> 02:24:53.618 region:rollup2
WELL I WILL TELL YOU IT'S A
02:24:51.149 --> 02:24:56.254 region:rollup2
THOMAS FIERY OBSERVED IT TO. THE
02:24:53.618 --> 02:24:58.557 region:rollup2
FIRE DEPARTMENTS WERE PRE
02:24:56.254 --> 02:24:59.624 region:rollup2
POSITIONED IN SAINT.
02:24:58.557 --> 02:25:00.992 region:rollup2
HUNDREDS IF NOT THOUSANDS OF
02:24:59.624 --> 02:25:02.827 region:rollup2
HOMES.
02:25:00.992 --> 02:25:04.563 region:rollup2
THAT WE'RE IN THE MULTIMILLION
02:25:02.827 --> 02:25:06.364 region:rollup2
DOLLAR CATEGORY AND IN FACT
02:25:04.563 --> 02:25:07.866 region:rollup2
PROBABLY ARGUABLY SAVED A GOOD
02:25:06.364 --> 02:25:09.434 region:rollup2
PORTION OF THE CITY SANTA
02:25:07.866 --> 02:25:11.169 region:rollup2
BARBARA THE ESTIMATED. HAD THEY
02:25:09.434 --> 02:25:12.804 region:rollup2
NOT PRE POSITIONED HAD THE FIRE
02:25:11.169 --> 02:25:14.639 region:rollup2
DONE WHAT IT.
02:25:12.804 --> 02:25:16.007 region:rollup2
COULD VERY LIKELY DONE THE. COST
02:25:14.639 --> 02:25:17.976 region:rollup2
WOULD HAVE BEEN ABOUT FORTY
02:25:16.007 --> 02:25:19.377 region:rollup2
BILLION DOLLARS SO BUT NO DOUBT
02:25:17.976 --> 02:25:21.379 region:rollup2
PERHAPS THAT'S SOMETHING THAT
02:25:19.377 --> 02:25:22.881 region:rollup2
CAN BE FACTORED IN PREVENTION IS
02:25:21.379 --> 02:25:24.182 region:rollup2
ALWAYS WORTH A POUND OF CURE. I
02:25:22.881 --> 02:25:25.650 region:rollup2
WOULD MENTION A MY UNDERSTANDING
02:25:24.182 --> 02:25:26.985 region:rollup2
IS THAT THE REDUCTION IN THE
02:25:25.650 --> 02:25:28.486 region:rollup2
NUMBER OF COMPANIES IN
02:25:26.985 --> 02:25:29.254 region:rollup2
CALIFORNIA IS AS MUCH.
02:25:28.486 --> 02:25:32.090 region:rollup2
IF NOT MORE DUE TO THE
02:25:29.254 --> 02:25:33.558 region:rollup2
CONSOLIDATION OF THE INDUSTRY.
02:25:32.090 --> 02:25:35.527 region:rollup2
SO I'M I'M LOOKING FOR WAYS AND
02:25:33.558 --> 02:25:37.462 region:rollup2
WE KEEP HEARING ABOUT HOW
02:25:35.527 --> 02:25:38.697 region:rollup2
REGULATION IS DESTROYING THE
02:25:37.462 --> 02:25:39.998 region:rollup2
MARKET BUT THE MARKET SEEMS
02:25:38.697 --> 02:25:42.334 region:rollup2
RATHER ROTH BUSTED IN THE
02:25:39.998 --> 02:25:43.902 region:rollup2
SUGGESTION. PERHAPS AT YOU LET
02:25:42.334 --> 02:25:45.170 region:rollup2
OTHER COMPANIES IN THAT AREN'T
02:25:43.902 --> 02:25:46.738 region:rollup2
NECESSARILY REGULATED THAT
02:25:45.170 --> 02:25:48.773 region:rollup2
DOESN'T SOUND LIKE THAT COULD
02:25:46.738 --> 02:25:49.841 region:rollup2
AND ID EITHER SO I'M I'M TRYING
02:25:48.773 --> 02:25:52.310 region:rollup2
TO GET A SENSE OF.
02:25:49.841 --> 02:25:54.579 region:rollup2
JUST A HOW EXACTING ACCURATE
02:25:52.310 --> 02:25:57.415 region:rollup2
THESE THESE CONCERNS ARE BUT.
02:25:54.579 --> 02:25:58.316 region:rollup2
CLEARLY WE ARE SEEING SOME
02:25:57.415 --> 02:25:59.651 region:rollup2
COMPANIES GO OUT I THINK WE
02:25:58.316 --> 02:26:02.454 region:rollup2
SHOULD JERRY MENTIONED.
02:25:59.651 --> 02:26:04.322 region:rollup2
THAT YOU WERE OF THAT THERE
02:26:02.454 --> 02:26:05.323 region:rollup2
WERE A HUNDRED FIFTEEN NON
02:26:04.322 --> 02:26:06.858 region:rollup2
RENEWALS BUT THEY'RE THROWN
02:26:05.323 --> 02:26:08.393 region:rollup2
THREE NEW CARRIERS WHO HAVE
02:26:06.858 --> 02:26:10.195 region:rollup2
JOINED CAN YOU EXPLAIN IS THERE
02:26:08.393 --> 02:26:11.763 region:rollup2
ANY EXPLANATION FOR THAT ARE
02:26:10.195 --> 02:26:12.330 region:rollup2
THESE GLUTTONS FOR PUNISHMENT OR
02:26:11.763 --> 02:26:13.531 region:rollup2
DO THEY STILL FEEL THAT THEY
02:26:12.330 --> 02:26:14.699 region:rollup2
CAN.
02:26:13.531 --> 02:26:16.368 region:rollup2
THEY CAN MAKE MONEY.
02:26:14.699 --> 02:26:17.902 region:rollup2
HELD US UP WRITING INSURANCE IN
02:26:16.368 --> 02:26:20.405 region:rollup2
THAT PARTICULAR INSTANCE.
02:26:17.902 --> 02:26:21.406 region:rollup2
THE NON RENEWALS WERE.
02:26:20.405 --> 02:26:23.241 region:rollup2
WERE.
02:26:21.406 --> 02:26:24.476 region:rollup2
DUE TOA OVER CONCENTRATION BY
02:26:23.241 --> 02:26:26.478 region:rollup2
THAT PARTICULAR CARRIER IN A
02:26:24.476 --> 02:26:27.078 region:rollup2
CERTAIN.
02:26:26.478 --> 02:26:28.213 region:rollup2
IN A CERTAIN FIRE PRONE AREAS
02:26:27.078 --> 02:26:30.048 region:rollup2
SO.
02:26:28.213 --> 02:26:31.316 region:rollup2
EVEN YOU KNOW WHAT YOU'VE GOT
02:26:30.048 --> 02:26:33.218 region:rollup2
IS IS NEW CARRIERS COMING IN THE
02:26:31.316 --> 02:26:33.952 region:rollup2
MARKETPLACE AND THEY'LL TAKE
02:26:33.218 --> 02:26:35.720 region:rollup2
SOME OF THAT.
02:26:33.952 --> 02:26:36.488 region:rollup2
BUT THEY'RE ALSO GONNA GO OUT
02:26:35.720 --> 02:26:38.790 region:rollup2
TO THE.
02:26:36.488 --> 02:26:39.758 region:rollup2
THAT THE LAST FIRE PRONE AREAS
02:26:38.790 --> 02:26:41.126 region:rollup2
IT AND AND TAKE THEIR SURE THAT
02:26:39.758 --> 02:26:42.227 region:rollup2
BUSINESS AS WELL AND COMPETE FOR
02:26:41.126 --> 02:26:43.328 region:rollup2
THAT SO.
02:26:42.227 --> 02:26:45.096 region:rollup2
I THINK.
02:26:43.328 --> 02:26:45.997 region:rollup2
DIEM.
02:26:45.096 --> 02:26:47.966 region:rollup2
IT IT BECAUSE THEY'RE NEW TO THE
02:26:45.997 --> 02:26:48.433 region:rollup2
AREA BELT THERE WILLING TO TAKE
02:26:47.966 --> 02:26:49.734 region:rollup2
SOME AT HIGHER RISKS.
02:26:48.433 --> 02:26:51.336 region:rollup2
.
02:26:49.734 --> 02:26:53.638 region:rollup2
BUSINESS TO US TO GET INTO THE
02:26:51.336 --> 02:26:55.807 region:rollup2
MARKETPLACE.
02:26:53.638 --> 02:26:57.208 region:rollup2
PART THANK YOU OF ITS ANY
02:26:55.807 --> 02:26:58.543 region:rollup2
QUESTION SENATOR GLAZERS. THE
02:26:57.208 --> 02:26:59.177 region:rollup2
COUPLE BRIEF QUESTIONS THAT MR
02:26:58.543 --> 02:27:01.780 region:rollup2
HERE I DIDN'T.
02:26:59.177 --> 02:27:04.816 region:rollup2
I HEAR YOUR TESTIMONIAL LOW WAS
02:27:01.780 --> 02:27:05.817 region:rollup2
A SHARED WITH ME AND. THAT I WAS
02:27:04.816 --> 02:27:07.419 region:rollup2
HUNDRED AND FOURTEEN OR HUNDRED
02:27:05.817 --> 02:27:09.354 region:rollup2
AND FIFTEENS THAT NOT RENEWED.
02:27:07.419 --> 02:27:10.555 region:rollup2
BUT AND YOU FOUND PLACEMENTS FOR
02:27:09.354 --> 02:27:12.023 region:rollup2
HUNDRED WHAT HAPPEN TO THE OTHER
02:27:10.555 --> 02:27:13.158 region:rollup2
FOURTEEN OR FIFTEEN.
02:27:12.023 --> 02:27:14.759 region:rollup2
WE'RE STILL WE'RE STILL WORKING
02:27:13.158 --> 02:27:16.628 region:rollup2
ON THOSE I MEAN THAT THAT THAT
02:27:14.759 --> 02:27:16.861 region:rollup2
JUST HAPPENED WEEK WE GOT THAT
02:27:16.628 --> 02:27:17.495 region:rollup2
NOTICE.
02:27:16.861 --> 02:27:18.897 region:rollup2
.
02:27:17.495 --> 02:27:20.332 region:rollup2
THREE FOUR WEEKS AGO SO THAT
02:27:18.897 --> 02:27:21.666 region:rollup2
WAS FROM A SINGLE COMPANY ONE
02:27:20.332 --> 02:27:23.001 region:rollup2
SINGLE COMPANY AND WOULD YOU
02:27:21.666 --> 02:27:25.370 region:rollup2
IDENTIFY THAT COMPANY.
02:27:23.001 --> 02:27:27.372 region:rollup2
GRANGE INSURANCE AGAIN RANGE IN
02:27:25.370 --> 02:27:28.206 region:rollup2
FRENCH OKAY.
02:27:27.372 --> 02:27:29.674 region:rollup2
ALL RIGHT IN WITH YOUR WE'VE
02:27:28.206 --> 02:27:32.410 region:rollup2
WE'VE GOT YOU KNOW HUNDREDS OF.
02:27:29.674 --> 02:27:34.579 region:rollup2
OTHER OTHER RE UNDERWRITING.
02:27:32.410 --> 02:27:36.448 region:rollup2
NOTICES TO WORK WHERE COMPANIES
02:27:34.579 --> 02:27:37.982 region:rollup2
ARE GONNA COME OUT WE INSPECT.
02:27:36.448 --> 02:27:39.684 region:rollup2
THEY MAY THEY MAY.
02:27:37.982 --> 02:27:40.885 region:rollup2
WANT THE HOMEOWNERS TO DO
02:27:39.684 --> 02:27:41.953 region:rollup2
CERTAIN THINGS TO STAY ON THOSE
02:27:40.885 --> 02:27:43.021 region:rollup2
RISKS BUT.
02:27:41.953 --> 02:27:44.389 region:rollup2
YOU WERE ACTIVELY.
02:27:43.021 --> 02:27:45.957 region:rollup2
PURSUING OTHER MARKETS FOR
02:27:44.389 --> 02:27:48.059 region:rollup2
THOSE RISKS AS WELL OKAY GREAT
02:27:45.957 --> 02:27:49.828 region:rollup2
AND THANK YOU FOR YOUR GOOD WORK
02:27:48.059 --> 02:27:52.363 region:rollup2
IN HELPING THOSE HOMEOWNERS OUT.
02:27:49.828 --> 02:27:54.132 region:rollup2
I MISTER CLACKLINE CLINICALLY.
02:27:52.363 --> 02:27:56.267 region:rollup2
I JUST HAVE TO ASK YOU KNOW ME
02:27:54.132 --> 02:27:58.203 region:rollup2
CURIOUS MINDS WANT TO KNOW WHAT.
02:27:56.267 --> 02:28:00.271 region:rollup2
YOUR FATHER IN LAW DID GET
02:27:58.203 --> 02:28:01.372 region:rollup2
INSURANCE AND FROM WHO CAN COME
02:28:00.271 --> 02:28:03.308 region:rollup2
AYE SHE DOESN'T CONSULT WITH ME
02:28:01.372 --> 02:28:05.043 region:rollup2
AND IT'S INSURANCE NEEDS BUT HE
02:28:03.308 --> 02:28:06.478 region:rollup2
DOES HAVE INSURANCE CURRENTLY.
02:28:05.043 --> 02:28:08.012 region:rollup2
I WAS OUT IN THE SURPLUS MARKET
02:28:06.478 --> 02:28:09.347 region:rollup2
BY ANY CHANCE OF YOU KNOW I
02:28:08.012 --> 02:28:10.749 region:rollup2
DON'T KNOW HIS HIS HOUSE.
02:28:09.347 --> 02:28:12.484 region:rollup2
WAS WITH BRAND PUBLIC HUNDRED
02:28:10.749 --> 02:28:14.519 region:rollup2
FEET OF FOR THE FIRE CAME DOWN
02:28:12.484 --> 02:28:15.353 region:rollup2
THROUGH CALISTOGA CON YOU CAN
02:28:14.519 --> 02:28:17.255 region:rollup2
FALL THAT WAS MOVING SO FAST
02:28:15.353 --> 02:28:18.823 region:rollup2
DEFAULT THE WATER LINES CREEK
02:28:17.255 --> 02:28:20.458 region:rollup2
LINES RATHER GOING UP THE RIDGES
02:28:18.823 --> 02:28:21.292 region:rollup2
WHERE HIS HOUSE WAS. A BUT I'M
02:28:20.458 --> 02:28:22.360 region:rollup2
PRETTY SURE I COULD SET HIS
02:28:21.292 --> 02:28:23.061 region:rollup2
HOUSE ON FIRE WITH A CIGARETTE
02:28:22.360 --> 02:28:27.966 region:rollup2
IT'S.
02:28:23.061 --> 02:28:29.567 region:rollup2
RIGHT CLICK COMBUSTIBLE EDISON.
02:28:27.966 --> 02:28:30.635 region:rollup2
THE OTHER EAR SO ENCOURAGING.
02:28:29.567 --> 02:28:32.470 region:rollup2
I MUST HAVE A GREAT GREAT
02:28:30.635 --> 02:28:33.738 region:rollup2
THANKSGIVING DINNER.
02:28:32.470 --> 02:28:36.174 region:rollup2
BUT BUT BUT DID YOU DON'T KNOW
02:28:33.738 --> 02:28:37.709 region:rollup2
IF HE GOT ON THE SURPLUS LINER
02:28:36.174 --> 02:28:39.310 region:rollup2
ARE NOW I DO NOT KNOW OF ANY
02:28:37.709 --> 02:28:40.879 region:rollup2
SEEK TO THAT.
02:28:39.310 --> 02:28:42.347 region:rollup2
BUT TODAY I SPEAK UP.
02:28:40.879 --> 02:28:43.915 region:rollup2
WHAT THIS MAN WHETHER THAT
02:28:42.347 --> 02:28:44.916 region:rollup2
HOUSES IN THE SURPLUS LINES?
02:28:43.915 --> 02:28:48.019 region:rollup2
YEAH SURE.
02:28:44.916 --> 02:28:49.254 region:rollup2
IT IN IN ALL LIKELIHOOD IS NOT.
02:28:48.019 --> 02:28:50.088 region:rollup2
NINE. YEAH IT'S IT BECAUSE I
02:28:49.254 --> 02:28:51.156 region:rollup2
REALLY WANNA MAKE THE POINT
02:28:50.088 --> 02:28:52.657 region:rollup2
ABOUT THE THE THE THE HIGH
02:28:51.156 --> 02:28:53.258 region:rollup2
DEGREE OF UNDERWRITING ECHOES
02:28:52.657 --> 02:28:53.658 region:rollup2
AND A SURPLUS LINES AND I GOT
02:28:53.258 --> 02:28:55.460 region:rollup2
IT.
02:28:53.658 --> 02:28:56.861 region:rollup2
RIGHT COULD I APPRECIATE THE
02:28:55.460 --> 02:28:59.531 region:rollup2
CLARIFICATION THAT IT MEANS IT I
02:28:56.861 --> 02:29:02.167 region:rollup2
SUGGEST SOMETHING AND I JUST WAS
02:28:59.531 --> 02:29:03.101 region:rollup2
CURIOUS.
02:29:02.167 --> 02:29:05.203 region:rollup2
THANK YOU MADAM CHAIR AT THIS
02:29:03.101 --> 02:29:07.238 region:rollup2
WAS MY FIRST THAT INSURANCE
02:29:05.203 --> 02:29:11.709 region:rollup2
COMMITTEE MEETING AND IT WAS.
02:29:07.238 --> 02:29:14.846 region:rollup2
QUITE EXCITING.
02:29:11.709 --> 02:29:15.980 region:rollup2
YEAH. I KEY PA WITH THINK THAT
02:29:14.846 --> 02:29:17.315 region:rollup2
LOUIS HUPP.
02:29:15.980 --> 02:29:19.184 region:rollup2
GIVING THE SENSE MADAM CHAIR ON
02:29:17.315 --> 02:29:21.486 region:rollup2
HOMEOWNERS INSURANCE MARKET.
02:29:19.184 --> 02:29:23.621 region:rollup2
THAT THERE'S NOTHING.
02:29:21.486 --> 02:29:25.790 region:rollup2
SEE HERE MOVE ON.
02:29:23.621 --> 02:29:26.791 region:rollup2
UM EVERYTHING'S. AND I'M JUST
02:29:25.790 --> 02:29:28.193 region:rollup2
WONDERING WHAT SHOULD I BE
02:29:26.791 --> 02:29:29.828 region:rollup2
WORRIED ABOUT AS A LEGISLATOR
02:29:28.193 --> 02:29:31.863 region:rollup2
WHAT IS THE TAKE AWAY AND WHAT
02:29:29.828 --> 02:29:34.999 region:rollup2
WOULD YOU RECOMMEND.
02:29:31.863 --> 02:29:36.534 region:rollup2
QUESTION.
02:29:34.999 --> 02:29:37.068 region:rollup2
LIKELY TO BE FOR FUN I'M
02:29:36.534 --> 02:29:38.436 region:rollup2
SPEAKING FOR THE INSURANCE
02:29:37.068 --> 02:29:40.038 region:rollup2
INDUSTRY DIVERT TALK ABOUT
02:29:38.436 --> 02:29:41.706 region:rollup2
INSURANCE ISSUES BUT WHEN I LOOK
02:29:40.038 --> 02:29:43.041 region:rollup2
AT THIS PERSONALLY I THINK WE
02:29:41.706 --> 02:29:46.044 region:rollup2
NEED TO BE FOCUSING ON THE
02:29:43.041 --> 02:29:47.212 region:rollup2
MANAGEMENT OF OUR FORESTS.
02:29:46.044 --> 02:29:48.780 region:rollup2
BUT IN THE ITEM I UNDERSTAND
02:29:47.212 --> 02:29:50.014 region:rollup2
THERE'S BEEN ABOUT SEVENTY OR
02:29:48.780 --> 02:29:52.383 region:rollup2
EIGHTY BILLS THAT HAVE BEEN
02:29:50.014 --> 02:29:54.352 region:rollup2
INTRODUCED DEALING WITH FIRE.
02:29:52.383 --> 02:29:55.286 region:rollup2
THREE OF SEVENTEEN DEALING WITH
02:29:54.352 --> 02:29:58.189 region:rollup2
INSURANCE BUT OBVIOUSLY THERE'S
02:29:55.286 --> 02:30:01.493 region:rollup2
A. FOLKS ARE LOOKING A LOT MORE
02:29:58.189 --> 02:30:02.560 region:rollup2
pANYONE ELSE.
02:30:01.493 --> 02:30:04.829 region:rollup2
AND JUST BECAUSE EARLIER EARLIER
02:30:02.560 --> 02:30:06.798 region:rollup2
MY CONCERN IS THAT WE DON'T
02:30:04.829 --> 02:30:09.100 region:rollup2
CREATE AVAILABILITY SITUATION
02:30:06.798 --> 02:30:10.835 region:rollup2
WHERE ONE MAYBE DOESN'T EXIST
02:30:09.100 --> 02:30:12.704 region:rollup2
AND. YOU KNOW BY ESSENTIALLY
02:30:10.835 --> 02:30:14.372 region:rollup2
INTO THE IMPOSING MANDATES ON
02:30:12.704 --> 02:30:15.506 region:rollup2
JURORS THAT THERE ARE TIME
02:30:14.372 --> 02:30:16.774 region:rollup2
RESPONDING TO.
02:30:15.506 --> 02:30:19.410 region:rollup2
HERE WE TALKED COULD TALK A
02:30:16.774 --> 02:30:21.179 region:rollup2
LITTLE BIT ABOUT THE. THE ISSUE
02:30:19.410 --> 02:30:23.147 region:rollup2
OF REINSURANCE MEAN OFTENTIMES
02:30:21.179 --> 02:30:25.383 region:rollup2
THE SMALL COMPANIES.
02:30:23.147 --> 02:30:28.920 region:rollup2
I MEAN THERE COULDN'T HAVE
02:30:25.383 --> 02:30:30.421 region:rollup2
THEIR DIRECTED IN PART BY THEIR
02:30:28.920 --> 02:30:32.857 region:rollup2
YOU KNOW WHETHER OR NOT THEY CAN
02:30:30.421 --> 02:30:33.658 region:rollup2
OBTAIN REINSURANCE I HAD ONE OF
02:30:32.857 --> 02:30:35.660 region:rollup2
OTHER CLIENTS WHO TALKED ME
02:30:33.658 --> 02:30:38.763 region:rollup2
ABOUT. AFTER THE TWO THOUSAND
02:30:35.660 --> 02:30:40.932 region:rollup2
THREE FIRES THAT THEIR IMAGE
02:30:38.763 --> 02:30:43.768 region:rollup2
THEIR REINSURER ASKING DAY
02:30:40.932 --> 02:30:46.137 region:rollup2
CANCEL. THEY'LL SEVERAL THOUSAND
02:30:43.768 --> 02:30:48.106 region:rollup2
POLICIES ARE NOT RENEW SEVERAL
02:30:46.137 --> 02:30:50.108 region:rollup2
THOUSAND POLICY BECAUSE THE
02:30:48.106 --> 02:30:52.644 region:rollup2
REINSURER THOUGHT THEY WERE. YOU
02:30:50.108 --> 02:30:54.145 region:rollup2
KNOW OVER EXPOSED SO THEY DID
02:30:52.644 --> 02:30:57.782 region:rollup2
THAT THOSE POLICIES WERE
02:30:54.145 --> 02:31:00.151 region:rollup2
CERTAINLY TAKEN BY SOMEBODY ELSE
02:30:57.782 --> 02:31:02.086 region:rollup2
BUTTERMILK THAT'S THAT'S A
02:31:00.151 --> 02:31:04.389 region:rollup2
FACTOR IN ALL THIS OR NOT
02:31:02.086 --> 02:31:07.825 region:rollup2
TALKING ABOUT. REINSURANCE IS A
02:31:04.389 --> 02:31:09.928 region:rollup2
WORLDWIDE PHENOMENON HEALED IT'S
02:31:07.825 --> 02:31:14.632 region:rollup2
CRITICAL FOR COMPANIES TO HAVE
02:31:09.928 --> 02:31:15.533 region:rollup2
ACCESS TO THAT AND AS I SAID
02:31:14.632 --> 02:31:16.501 region:rollup2
EARLIER WE DON'T HAVE.
02:31:15.533 --> 02:31:17.368 region:rollup2
GET WE DON'T RECOGNIZE THAT IN
02:31:16.501 --> 02:31:18.436 region:rollup2
THE RATE PROCESS IN CALIFORNIA
02:31:17.368 --> 02:31:20.405 region:rollup2
HAS A REASON TO SUPPORT A RATE
02:31:18.436 --> 02:31:21.673 region:rollup2
INCREASE OF RETURNS COSTS GO UP.
02:31:20.405 --> 02:31:22.840 region:rollup2
YOU KNOW ENDED SAME TIME
02:31:21.673 --> 02:31:24.676 region:rollup2
COMPANIES ARE ASKED TO. IN A
02:31:22.840 --> 02:31:28.746 region:rollup2
REDUCED RATES BECAUSE OF FEDERAL
02:31:24.676 --> 02:31:30.882 region:rollup2
TAX LAWS YOU IN THE STATE.
02:31:28.746 --> 02:31:31.683 region:rollup2
YOU THINK YOU MANAGER.
02:31:30.882 --> 02:31:34.018 region:rollup2
BESIDES LIKE TO.
02:31:31.683 --> 02:31:35.887 region:rollup2
I APPRECIATE YOUR OBSERVATION
02:31:34.018 --> 02:31:37.121 region:rollup2
ABOUT MANAGING OUR FORESTS I
02:31:35.887 --> 02:31:37.322 region:rollup2
HAVE A BILL ON THAT THIS YEAR.
02:31:37.121 --> 02:31:39.390 region:rollup2
HAD.
02:31:37.322 --> 02:31:41.359 region:rollup2
I ALSO THINK WE HAVE TO ADDRESS
02:31:39.390 --> 02:31:42.594 region:rollup2
CLIMATE CHANGE BECAUSE. I THINK
02:31:41.359 --> 02:31:44.128 region:rollup2
THERE'S VERY LITTLE DOUBT THAT
02:31:42.594 --> 02:31:46.764 region:rollup2
CLIMATE CHANGE IS CAUSING A LOT
02:31:44.128 --> 02:31:47.365 region:rollup2
OF THIS THESE WEATHER CONDITIONS
02:31:46.764 --> 02:31:48.533 region:rollup2
THAT ARE CREATING THE PROBLEM
02:31:47.365 --> 02:31:50.001 region:rollup2
SO.
02:31:48.533 --> 02:31:51.436 region:rollup2
I THINK ON ALL SIDES FROM ALL
02:31:50.001 --> 02:31:53.271 region:rollup2
DIFFERENT POLITICAL PERSPECTIVES
02:31:51.436 --> 02:31:54.672 region:rollup2
WE DO HAVE A LOT OF WORK TO DO.
02:31:53.271 --> 02:31:56.774 region:rollup2
I DO HAVE ONE QUESTION THOUGH
02:31:54.672 --> 02:31:57.008 region:rollup2
I'M I'M STILL KIND OF PUZZLED.
02:31:56.774 --> 02:31:58.710 region:rollup2
NO THE.
02:31:57.008 --> 02:32:00.211 region:rollup2
.
02:31:58.710 --> 02:32:02.914 region:rollup2
THE NORTHRIDGE EARTHQUAKE
02:32:00.211 --> 02:32:05.717 region:rollup2
DECIMATED INSURANCE INDUSTRY AND
02:32:02.914 --> 02:32:07.485 region:rollup2
I REMEMBER QUITE VIVIDLY AND.
02:32:05.717 --> 02:32:08.219 region:rollup2
DRIVING DOWN VENTURA BOULEVARD
02:32:07.485 --> 02:32:10.621 region:rollup2
ACTUALLY.
02:32:08.219 --> 02:32:11.789 region:rollup2
IN THE VALLEY YOU KNOW THE
02:32:10.621 --> 02:32:12.390 region:rollup2
COMMERCIAL BUILDINGS IN
02:32:11.789 --> 02:32:15.293 region:rollup2
PARTICULAR AND THE RESIDENCES
02:32:12.390 --> 02:32:17.028 region:rollup2
OF.
02:32:15.293 --> 02:32:19.130 region:rollup2
PURCHASE GET OFF THEIR
02:32:17.028 --> 02:32:19.998 region:rollup2
FOUNDATIONS AND HAD TO BE
02:32:19.130 --> 02:32:21.666 region:rollup2
REBUILT AND WHAT HAVE YOU SO.
02:32:19.998 --> 02:32:23.401 region:rollup2
HOW DOES THE THE NEW RISK OF
02:32:21.666 --> 02:32:25.503 region:rollup2
THESE?
02:32:23.401 --> 02:32:27.238 region:rollup2
NEARLY MEGA FIRES DIFFER FROM
02:32:25.503 --> 02:32:29.574 region:rollup2
THE RISK THAT WE SAW AFTER THE
02:32:27.238 --> 02:32:31.409 region:rollup2
NORTHRIDGE EARTHQUAKE WHEN THE
02:32:29.574 --> 02:32:33.111 region:rollup2
INSURANCE INDUSTRY WAS VIRTUALLY
02:32:31.409 --> 02:32:34.812 region:rollup2
DECIMATED HERE WE'RE HAVING
02:32:33.111 --> 02:32:36.981 region:rollup2
THESE MAJOR EVENTS AND YET. THE
02:32:34.812 --> 02:32:38.983 region:rollup2
INDUSTRY IS SEEMS TO BE QUITE
02:32:36.981 --> 02:32:40.818 region:rollup2
ROBUST WELL HOW DO YOU EXPLAIN
02:32:38.983 --> 02:32:42.120 region:rollup2
THAT. AYE AYE I'LL TAKE THAT I I
02:32:40.818 --> 02:32:44.288 region:rollup2
THINK IN SOME RESPECTS THE
02:32:42.120 --> 02:32:45.823 region:rollup2
INSURANCE INDUSTRY LEARNED FROM
02:32:44.288 --> 02:32:48.526 region:rollup2
NORTHRIDGE A THEY WERE OVER
02:32:45.823 --> 02:32:49.627 region:rollup2
EXPOSED AND PART OF THAT WAS
02:32:48.526 --> 02:32:52.230 region:rollup2
BECAUSE THEY WERE MANDATE.
02:32:49.627 --> 02:32:54.832 region:rollup2
STATUTORY MANDATES THAT THEY
02:32:52.230 --> 02:32:56.501 region:rollup2
MUST OFFER EARTHQUAKE INSURANCE
02:32:54.832 --> 02:32:58.403 region:rollup2
SO THAT. PREVENTED THEM FROM
02:32:56.501 --> 02:32:59.103 region:rollup2
HAVING THE ABILITY TO REALLY
02:32:58.403 --> 02:33:00.605 region:rollup2
MANAGE THEIR RISK
02:32:59.103 --> 02:33:02.073 region:rollup2
AND WITH THAT AS A RESULT YOU
02:33:00.605 --> 02:33:02.940 region:rollup2
DID WIND UP WITH OVER EXPOSURE.
02:33:02.073 --> 02:33:04.475 region:rollup2
HERE.
02:33:02.940 --> 02:33:06.244 region:rollup2
THERE ARE NO MANDATES.
02:33:04.475 --> 02:33:07.378 region:rollup2
I THINK IF YOU HAD MANDATE
02:33:06.244 --> 02:33:08.079 region:rollup2
SEATS YOU'D COULD SEE SOMETHING
02:33:07.378 --> 02:33:10.248 region:rollup2
VERY.
02:33:08.079 --> 02:33:11.916 region:rollup2
MUCH LIKE WHAT HAPPENED AFTER
02:33:10.248 --> 02:33:13.317 region:rollup2
NORTHRIDGE INSURERS THERE'S I
02:33:11.916 --> 02:33:14.485 region:rollup2
THINK BECAUSE THE REASON THOSE
02:33:13.317 --> 02:33:16.187 region:rollup2
AVAILABILITY RIGHT NOW IS
02:33:14.485 --> 02:33:17.388 region:rollup2
BECAUSE INSURANCE ARE ABLE TO
02:33:16.187 --> 02:33:19.157 region:rollup2
LOOK AT THEIR EXPOSURE THEY ARE
02:33:17.388 --> 02:33:21.492 region:rollup2
ABLE TO MANAGE THEIR RISK. AND
02:33:19.157 --> 02:33:22.093 region:rollup2
OTHER INSURERS WITH THAT CAN
02:33:21.492 --> 02:33:22.960 region:rollup2
WRITE IN THIS AREAS ARE COMING
02:33:22.093 --> 02:33:24.062 region:rollup2
IN.
02:33:22.960 --> 02:33:25.830 region:rollup2
ANY OTHER THOUGHTS YOU WANTED TO
02:33:24.062 --> 02:33:26.698 region:rollup2
GATHERS NUMBER THREE IMPORTANT
02:33:25.830 --> 02:33:28.599 region:rollup2
ELEMENT THAT'S REALLY DRIVING
02:33:26.698 --> 02:33:30.268 region:rollup2
THE. INTENSE COMPETITION
02:33:28.599 --> 02:33:32.036 region:rollup2
AVAILABILITY FOR INSURANCE NOT
02:33:30.268 --> 02:33:33.504 region:rollup2
ONLY CALIFORNIA GLOBALLY AND
02:33:32.036 --> 02:33:34.672 region:rollup2
THAT'S A CAPITAL CAPACITY.
02:33:33.504 --> 02:33:36.340 region:rollup2
THERE'S DIMINISH NOT CAPITAL
02:33:34.672 --> 02:33:38.109 region:rollup2
GLOBAL CAPACITY AVAILABLE IN THE
02:33:36.340 --> 02:33:40.478 region:rollup2
WORLD THAT'S FUNNY NEEDS A PLACE
02:33:38.109 --> 02:33:41.813 region:rollup2
TO GO. AND IT'S IT FINDS ITS WAY
02:33:40.478 --> 02:33:42.880 region:rollup2
TO THE INSURANCE MARKETPLACE.
02:33:41.813 --> 02:33:44.148 region:rollup2
WHICH CREATES A COMMENCEMENT OF
02:33:42.880 --> 02:33:46.117 region:rollup2
A COMPETITION.
02:33:44.148 --> 02:33:47.952 region:rollup2
FOR RETURN ON CAPITAL.
02:33:46.117 --> 02:33:49.053 region:rollup2
AND SO IT'S RATE IT IT'S VERY
02:33:47.952 --> 02:33:50.655 region:rollup2
MUCH A CAPITAL DRIVEN.
02:33:49.053 --> 02:33:53.825 region:rollup2
.
02:33:50.655 --> 02:33:54.358 region:rollup2
THE OPPORTUNITY.
02:33:53.825 --> 02:33:55.960 region:rollup2
COURIER TODAY COMPARED TO
02:33:54.358 --> 02:33:57.728 region:rollup2
TWENTY.
02:33:55.960 --> 02:33:59.964 region:rollup2
NINETEEN NINETY FOUR.
02:33:57.728 --> 02:34:01.399 region:rollup2
ALRIGHT WELL THAT.
02:33:59.964 --> 02:34:03.868 region:rollup2
I THINK THIS IS GOOD NEWS TIME
02:34:01.399 --> 02:34:05.369 region:rollup2
GOV APPRECIATE YOUR TESTIMONY
02:34:03.868 --> 02:34:06.704 region:rollup2
AND ALL OF YOU AND.
02:34:05.369 --> 02:34:08.005 region:rollup2
ANALYSTS ARE ANY FURTHER
02:34:06.704 --> 02:34:09.607 region:rollup2
QUESTIONS LET'S GO TO PUBLIC
02:34:08.005 --> 02:34:11.209 region:rollup2
COMMENT BEFORE WE CONCLUDE AND
02:34:09.607 --> 02:34:13.244 region:rollup2
THANK YOU ALL FOR BEING HERE.
02:34:11.209 --> 02:34:14.278 region:rollup2
THERE ANY OF ANY PUBLIC.
02:34:13.244 --> 02:34:14.545 region:rollup2
THIRTY ONE ELECTED
02:34:14.278 --> 02:34:30.661 region:rollup2
BOARD TEN
02:34:14.545 --> 02:34:30.661 region:rollup2
SURE CUP
02:34:47.478 --> 02:34:50.515 region:rollup2
SENATE INTERESTS AND ENGAGEMENT
02:34:49.213 --> 02:34:52.450 region:rollup2
IN THIS ISSUE AND SO MANY OTHERS
02:34:50.515 --> 02:34:53.217 region:rollup2
AND ARE IN REGARD TO. SAFETY OF
02:34:52.450 --> 02:34:55.253 region:rollup2
OUR COMMUNITY AND CERTAINLY
02:34:53.217 --> 02:34:56.687 region:rollup2
THANKING THE STAFF OF OUR BOTH
02:34:55.253 --> 02:34:57.855 region:rollup2
OUR COMMITTEES FOR OTHER GOOD
02:34:56.687 --> 02:34:58.122 region:rollup2
WORK IN PREPARING.
02:34:57.855 --> 02:34:59.590 region:rollup2
ARE ARE.
02:34:58.122 --> 02:35:00.958 region:rollup2
.
02:34:59.590 --> 02:35:02.393 region:rollup2
FOR INFORMATION ON THIS IN THE
02:35:00.958 --> 02:35:05.429 region:rollup2
WONDERFUL WITNESSES BUT HERE'S
02:35:02.393 --> 02:35:06.264 region:rollup2
UP WHEN A SPARK. A LITTLE LAUGH.
02:35:05.429 --> 02:35:08.199 region:rollup2
I THOUGHT ON.
02:35:06.264 --> 02:35:10.101 region:rollup2
IN THIS WAY. THAT.
02:35:08.199 --> 02:35:11.969 region:rollup2
WE TALK ABOUT OUR FORCE
02:35:10.101 --> 02:35:13.671 region:rollup2
MANAGEMENT AND I CERTAINLY AGREE
02:35:11.969 --> 02:35:15.439 region:rollup2
WITH THAT IN SO MANY WAYS.
02:35:13.671 --> 02:35:17.975 region:rollup2
I AM ANY TALK ABOUT THAT TENS OF
02:35:15.439 --> 02:35:18.543 region:rollup2
MILLIONS OF FOR. THE TREES OUT
02:35:17.975 --> 02:35:19.610 region:rollup2
THERE WE CERTAINLY HAVE SOME
02:35:18.543 --> 02:35:20.912 region:rollup2
WORK TO DO.
02:35:19.610 --> 02:35:22.313 region:rollup2
BUT I WANT TO TALK ABOUT A SELF
02:35:20.912 --> 02:35:23.781 region:rollup2
INFLICTED WOUND THAT I SEE IN
02:35:22.313 --> 02:35:24.816 region:rollup2
OUR COMMUNITIES.
02:35:23.781 --> 02:35:25.983 region:rollup2
AND THAT'S A REVOLVING AROUND
02:35:24.816 --> 02:35:27.051 region:rollup2
URBAN FORESTS.
02:35:25.983 --> 02:35:29.253 region:rollup2
URBAN FORESTS.
02:35:27.051 --> 02:35:30.888 region:rollup2
.
02:35:29.253 --> 02:35:32.623 region:rollup2
WE LOVE OUR TREES WE LOVE THE
02:35:30.888 --> 02:35:33.958 region:rollup2
SHADE WE KNOW THAT THAT CREATES
02:35:32.623 --> 02:35:35.693 region:rollup2
A GREAT QUALITY OF LIFE AND MANY
02:35:33.958 --> 02:35:36.827 region:rollup2
OF OUR COMMUNITIES BUT. YOU CAN
02:35:35.693 --> 02:35:38.062 region:rollup2
GO LOOK IN THE OAKLAND HILLS
02:35:36.827 --> 02:35:39.664 region:rollup2
TODAY.
02:35:38.062 --> 02:35:41.866 region:rollup2
AND SEE A LOT OF EUCALYPTUS
02:35:39.664 --> 02:35:43.334 region:rollup2
TREES ALL OVER THE PLACE.
02:35:41.866 --> 02:35:45.403 region:rollup2
AND YOU CAN SEE THE FIGHTS ABOUT
02:35:43.334 --> 02:35:47.371 region:rollup2
WHETHER A TREE EUCALYPTUS TREES
02:35:45.403 --> 02:35:49.240 region:rollup2
SAVED OR REMOVED.
02:35:47.371 --> 02:35:51.309 region:rollup2
AND NOW PARTS OF MY DISTRICT IT
02:35:49.240 --> 02:35:53.244 region:rollup2
YOU HAVE TO PAY BIG AMOUNTS OF
02:35:51.309 --> 02:35:54.579 region:rollup2
MONEY TO REMOVE A TREE.
02:35:53.244 --> 02:35:56.013 region:rollup2
IF YOU WANT TO REMOVE A TREE
02:35:54.579 --> 02:35:57.348 region:rollup2
BECAUSE THESE OUT ONE OF THESE
02:35:56.013 --> 02:35:58.716 region:rollup2
COMMUNITIES UNDERSTAND THE
02:35:57.348 --> 02:36:00.117 region:rollup2
QUALITY OF LIFE COMES FROM
02:35:58.716 --> 02:36:02.420 region:rollup2
HAVING THIS WONDERFUL TREE
02:36:00.117 --> 02:36:04.088 region:rollup2
CANOPIES AND. I APPRECIATE THAT
02:36:02.420 --> 02:36:05.389 region:rollup2
TOO AND I LOVE IT IN MY AREA.
02:36:04.088 --> 02:36:07.825 region:rollup2
BUT WE HAVE TO GO IN AND RE
02:36:05.389 --> 02:36:09.193 region:rollup2
CHECK THAT AND READ RETEST THAT
02:36:07.825 --> 02:36:11.596 region:rollup2
THINKING. I'D GIVEN THIS.
02:36:09.193 --> 02:36:12.697 region:rollup2
THIS ISSUE OF OF THESE OUT OF
02:36:11.596 --> 02:36:14.465 region:rollup2
CONTROL FIRES.
02:36:12.697 --> 02:36:16.033 region:rollup2
WERE THESE TREES ONLY MAKE IT
02:36:14.465 --> 02:36:17.335 region:rollup2
WORSE AND CERTAINLY IN SOUTHERN
02:36:16.033 --> 02:36:19.437 region:rollup2
CALIFORNIA YOU CAN SEE PLACES.
02:36:17.335 --> 02:36:21.439 region:rollup2
ALONG THE COAST AND EVEN PLACES
02:36:19.437 --> 02:36:23.274 region:rollup2
THAT. HAVE BEEN AFFECTED BY FIRE
02:36:21.439 --> 02:36:24.275 region:rollup2
WILL FIGHT YOU TOOTH AND NAIL
02:36:23.274 --> 02:36:27.245 region:rollup2
ABOUT REMOVING.
02:36:24.275 --> 02:36:29.680 region:rollup2
TREE SO IT IS I WANT TO SPARK A
02:36:27.245 --> 02:36:32.149 region:rollup2
LITTLE THOUGHT ON. ON THAT ISSUE
02:36:29.680 --> 02:36:33.784 region:rollup2
BECAUSE. WE HAVE TO LOOK FOR
02:36:32.149 --> 02:36:34.819 region:rollup2
RISK REDUCTION EVERYWHERE
02:36:33.784 --> 02:36:36.053 region:rollup2
INCLUDING EVEN IN THE
02:36:34.819 --> 02:36:37.755 region:rollup2
COMMUNITIES AND EVEN IF IT
02:36:36.053 --> 02:36:39.557 region:rollup2
AFFECTS THE QUALITY OF LIFE THAT
02:36:37.755 --> 02:36:43.728 region:rollup2
WE SO MUCH TREASURE IN OUR OWN.
02:36:39.557 --> 02:36:45.129 region:rollup2
HOME TOWNS.
02:36:43.728 --> 02:36:46.931 region:rollup2
FURTHERMORE LA LOOKING SAKE I
02:36:45.129 --> 02:36:48.466 region:rollup2
WOULD JUST LIKE TO RESPOND
02:36:46.931 --> 02:36:49.867 region:rollup2
BRIEFLY TO THAT YOU KNOW WITH
02:36:48.466 --> 02:36:51.402 region:rollup2
CLIMATE CHANGE WITH THE FACT
02:36:49.867 --> 02:36:52.670 region:rollup2
WE'RE SPEWING CARBON INTO OUR
02:36:51.402 --> 02:36:54.272 region:rollup2
AIR THE NOTION THAT WE SHOULD
02:36:52.670 --> 02:36:55.039 region:rollup2
HAVE TO WORRY ABOUT IT WHETHER
02:36:54.272 --> 02:36:56.974 region:rollup2
OR NOT WE HAVE A TREE IN OUR
02:36:55.039 --> 02:36:59.377 region:rollup2
BACKYARD. THE IS VERY SAD
02:36:56.974 --> 02:37:00.511 region:rollup2
STATEMENT ABOUT. WHERE WE ARE
02:36:59.377 --> 02:37:02.613 region:rollup2
AND WHERE WE'VE COME BOTH
02:37:00.511 --> 02:37:04.615 region:rollup2
POLITICALLY AND ENVIRONMENTALLY
02:37:02.613 --> 02:37:05.616 region:rollup2
I HOPE THAT ISN'T THE CASE
02:37:04.615 --> 02:37:06.617 region:rollup2
BECAUSE FOR?
02:37:05.616 --> 02:37:08.419 region:rollup2
MANY OF US OF THE QUALITY OF
02:37:06.617 --> 02:37:09.754 region:rollup2
LIFE.
02:37:08.419 --> 02:37:12.523 region:rollup2
REALLY IS ASSOCIATED WITH THE
02:37:09.754 --> 02:37:14.725 region:rollup2
THE NATURAL BEAUTY AND AND. YOU
02:37:12.523 --> 02:37:17.161 region:rollup2
KNOW TREES ALSO WERE A GREAT
02:37:14.725 --> 02:37:20.131 region:rollup2
SOURCE OF COMFORT SHADE.
02:37:17.161 --> 02:37:22.633 region:rollup2
GREENHOUSE GAS OF REDUCTION.
02:37:20.131 --> 02:37:24.902 region:rollup2
IT'S MY HOPE THAT WE CN TAKE
02:37:22.633 --> 02:37:26.604 region:rollup2
VERY SERIOUSLY. OF WHAT WE ARE
02:37:24.902 --> 02:37:28.139 region:rollup2
DOING THAT'S CAUSING THE
02:37:26.604 --> 02:37:31.042 region:rollup2
SIGNIFICANT CLIMATE CHANGE THAT
02:37:28.139 --> 02:37:33.544 region:rollup2
WE ARE EXPERIENCING AND. I'D DO
02:37:31.042 --> 02:37:35.646 region:rollup2
WHAT WE CAN TO TO ADDRESS IT IN
02:37:33.544 --> 02:37:38.082 region:rollup2
A PROACTIVE WAY RATHER THAN BE.
02:37:35.646 --> 02:37:41.152 region:rollup2
REACTIVE TO IT.
02:37:38.082 --> 02:37:42.520 region:rollup2
THAT BEING SAID WE DO HAVE.
02:37:41.152 --> 02:37:44.455 region:rollup2
IT'S VERY IMPORTANT THAT WE
02:37:42.520 --> 02:37:47.391 region:rollup2
CONTINUE TO MAKE CALIFORNIA KEEP
02:37:44.455 --> 02:37:48.559 region:rollup2
CALIFORNIA THE. MAGNIFICENT A
02:37:47.391 --> 02:37:50.795 region:rollup2
BEAUTIFUL PLACE AND IT IS AND I
02:37:48.559 --> 02:37:53.464 region:rollup2
DO APPRECIATE THE TIME AND THE
02:37:50.795 --> 02:37:57.068 region:rollup2
EFFORT THAT PEOPLE SPEND HERE
02:37:53.464 --> 02:37:58.836 region:rollup2
TODAY TO JOIN US ARE. BY TYING
02:37:57.068 --> 02:38:00.638 region:rollup2
DO APPRECIATED THE STATEMENTS IN
02:37:58.836 --> 02:38:02.540 region:rollup2
THE INSURANCE INDUSTRY.
02:38:00.638 --> 02:38:03.307 region:rollup2
FEELING FAIRLY CONFIDENT ABOUT
02:38:02.540 --> 02:38:05.476 region:rollup2
ITS FUTURE.
02:38:03.307 --> 02:38:09.280 region:rollup2
AND IT'S MY HOPE THAT WE CAN
02:38:05.476 --> 02:38:11.282 region:rollup2
AGAIN BALANCE. OF THE NEEDS OF
02:38:09.280 --> 02:38:13.451 region:rollup2
OUR OUR CONSUMERS WHICH WAS
02:38:11.282 --> 02:38:15.353 region:rollup2
MENTIONED AT THE BEGINNING. OF
02:38:13.451 --> 02:38:17.855 region:rollup2
WITH THE HOW WE MAINTAIN A
02:38:15.353 --> 02:38:18.356 region:rollup2
ROBUST MARKETPLACE SO THAT WE
02:38:17.855 --> 02:38:19.757 region:rollup2
CAN PROTECT CONSUMERS.
02:38:18.356 --> 02:38:21.359 region:rollup2
I CAN'T THINK OF ANYONE IS GOING
02:38:19.757 --> 02:38:23.160 region:rollup2
TO BUY A HOUSE TODAY. UNLESS
02:38:21.359 --> 02:38:24.462 region:rollup2
THEY PAY CASH THAT ISN'T GOING
02:38:23.160 --> 02:38:25.863 region:rollup2
TO BE REQUIRED TO MAINTAIN
02:38:24.462 --> 02:38:28.432 region:rollup2
INSURANCE IN ORDER TO KEEP THAT
02:38:25.863 --> 02:38:30.001 region:rollup2
HOUSE SO UNLESS WE WANT PEOPLE
02:38:28.432 --> 02:38:32.203 region:rollup2
THAT TO RECREATE HOOVER VILLE.
02:38:30.001 --> 02:38:34.138 region:rollup2
OF BILLS FROM THE TWENTIES.
02:38:32.203 --> 02:38:35.806 region:rollup2
WE'VE GOT TO WORK TOGETHER AND
02:38:34.138 --> 02:38:37.541 region:rollup2
I HOPE WE FIND THE BEST WAYS TO
02:38:35.806 --> 02:38:39.777 region:rollup2
DO IT IN THE. MOST MEANINGFUL
02:38:37.541 --> 02:38:42.613 region:rollup2
RESOLUTION FOR THE PEOPLE OF
02:38:39.777 --> 02:38:50.087 region:rollup2
THIS GREAT STATES WITH THAT.
02:38:42.613 --> 02:38:50.087 region:rollup2
WE'LL RETURN CHAIR CLICK HERE