1 00:00:00,640 --> 00:00:02,880 Speaker 1: Can't f I am six forty. You're listening to the 2 00:00:02,960 --> 00:00:05,600 Speaker 1: John Cobel podcast on the iHeartRadio apps. 3 00:00:06,440 --> 00:00:09,280 Speaker 2: I am thrilled to have had this opportunity to sit 4 00:00:09,360 --> 00:00:11,880 Speaker 2: in for him because I did my own radio show 5 00:00:11,880 --> 00:00:14,720 Speaker 2: for eight years and I really enjoyed it because we 6 00:00:14,800 --> 00:00:17,279 Speaker 2: got to talk about all sorts of great topics, well 7 00:00:18,239 --> 00:00:21,079 Speaker 2: important topics, not great because usually it was bad news 8 00:00:21,120 --> 00:00:25,000 Speaker 2: about what the politicians had done to screw us. And 9 00:00:27,360 --> 00:00:32,040 Speaker 2: you know that can get your blood pressure really high. 10 00:00:32,280 --> 00:00:35,400 Speaker 2: I don't mean to upset you. I don't mean to 11 00:00:35,600 --> 00:00:37,400 Speaker 2: cause you to have a heart attack or a stroke. 12 00:00:38,680 --> 00:00:42,800 Speaker 2: So that's what I That's why I really focus on solutions. 13 00:00:43,280 --> 00:00:45,879 Speaker 2: It's not just about telling you what's going on and 14 00:00:45,920 --> 00:00:46,760 Speaker 2: why it's bad. 15 00:00:47,560 --> 00:00:50,680 Speaker 3: You know it's bad. It's about laying. 16 00:00:50,440 --> 00:00:55,960 Speaker 2: Out a proactive way to fix the problems, whether it's 17 00:00:56,120 --> 00:01:01,160 Speaker 2: locally at city hall or cross our state with the 18 00:01:01,160 --> 00:01:04,160 Speaker 2: corrupt state government we have, with the idiot we have 19 00:01:04,280 --> 00:01:09,319 Speaker 2: as a governor, we always need to give people the 20 00:01:09,360 --> 00:01:14,600 Speaker 2: assignment how do you get changed to happen? Because ultimately 21 00:01:14,640 --> 00:01:17,319 Speaker 2: it can happen if enough of us work together. We 22 00:01:17,360 --> 00:01:20,319 Speaker 2: have a common plan, a righteous cause. If enough of 23 00:01:20,400 --> 00:01:24,200 Speaker 2: us work together, we can get it done despite the odds. 24 00:01:24,800 --> 00:01:27,440 Speaker 2: That's what we're form California. The organization I lead is 25 00:01:27,480 --> 00:01:30,360 Speaker 2: all about. That's what I'm trying to do in Sacramento 26 00:01:30,440 --> 00:01:34,880 Speaker 2: as a California state legislator. But I can't do this alone. 27 00:01:35,080 --> 00:01:38,679 Speaker 2: I liken myself to the conductor of a symphony. I 28 00:01:38,680 --> 00:01:42,080 Speaker 2: don't actually play an instrument. My job is to show 29 00:01:42,160 --> 00:01:45,440 Speaker 2: up with the sheet music, the plan, and make sure 30 00:01:45,440 --> 00:01:50,720 Speaker 2: that everyone picks an instrument that they're strongest with and 31 00:01:50,720 --> 00:01:55,080 Speaker 2: that we mix all that together in a wonderful symphony, 32 00:01:55,120 --> 00:01:58,360 Speaker 2: a wonderful sound. And so what I want you to 33 00:01:58,400 --> 00:02:02,320 Speaker 2: do is get off the sidelines, get into the fight. 34 00:02:03,280 --> 00:02:05,600 Speaker 2: And you can do that in two ways. First, and 35 00:02:05,760 --> 00:02:07,360 Speaker 2: I am going to get to our big topic today, 36 00:02:07,360 --> 00:02:10,400 Speaker 2: which is the insurance scam in California. Why are your 37 00:02:10,440 --> 00:02:14,440 Speaker 2: insurance rates so high? And how the politicians profit when 38 00:02:14,480 --> 00:02:16,400 Speaker 2: the insurance companies raise your rates? 39 00:02:16,440 --> 00:02:17,000 Speaker 3: Did you know that? 40 00:02:17,560 --> 00:02:22,400 Speaker 2: Did you know that California politicians profit when your insurance 41 00:02:22,480 --> 00:02:24,519 Speaker 2: rates go up? That's why they're not going to fix 42 00:02:24,560 --> 00:02:26,799 Speaker 2: the problem. We're going to get to that in just 43 00:02:26,840 --> 00:02:31,440 Speaker 2: a minute. But again, your assignment number one, go to 44 00:02:31,480 --> 00:02:36,040 Speaker 2: the website Reform California dot org and sign up be 45 00:02:36,160 --> 00:02:39,160 Speaker 2: part of this growing movement where we do at Reform 46 00:02:39,200 --> 00:02:43,079 Speaker 2: California five things. Number one, we're making the case to 47 00:02:43,200 --> 00:02:45,880 Speaker 2: Californians who are not getting the truth from the liberal 48 00:02:45,919 --> 00:02:49,960 Speaker 2: media as to what the problems are and why the 49 00:02:50,040 --> 00:02:54,120 Speaker 2: problems are the fault of your government. The politicians are 50 00:02:54,120 --> 00:02:57,480 Speaker 2: the ones that nine times out of ten can be 51 00:02:57,520 --> 00:03:02,600 Speaker 2: blamed for something bad happening in your community, in your 52 00:03:02,600 --> 00:03:06,440 Speaker 2: household budget. Nine times out of ten, they cost it. 53 00:03:06,919 --> 00:03:09,360 Speaker 2: Most people don't know that, though, why are the gas 54 00:03:09,360 --> 00:03:12,000 Speaker 2: prices so high? Well, Governor knews Some says it was 55 00:03:12,040 --> 00:03:14,720 Speaker 2: the oil and gas companies that caused it. No, it 56 00:03:14,840 --> 00:03:17,200 Speaker 2: was actually Gavin Newsom that caused the gas prices to 57 00:03:17,200 --> 00:03:20,480 Speaker 2: be high. And here's how and why. So first, as 58 00:03:20,520 --> 00:03:24,440 Speaker 2: we make the case. Second, we offer the solution, because 59 00:03:24,480 --> 00:03:27,720 Speaker 2: you can get people's blood pressure really high. But if 60 00:03:27,760 --> 00:03:30,239 Speaker 2: you don't offer a solution, then you just agitate, you 61 00:03:30,919 --> 00:03:34,040 Speaker 2: ruin their day without giving them any relief, any hope. 62 00:03:34,560 --> 00:03:35,840 Speaker 3: So we have to offer solutions. 63 00:03:35,920 --> 00:03:38,920 Speaker 2: We offer solutions in the form of not only policy 64 00:03:39,000 --> 00:03:45,160 Speaker 2: reforms ballot measures, but candidates that we recruit, train, endorse 65 00:03:45,560 --> 00:03:48,760 Speaker 2: mentor support in elections. Because the way you get things 66 00:03:48,760 --> 00:03:51,720 Speaker 2: done is you vote for a solution, either a ballot measure, 67 00:03:51,840 --> 00:03:55,000 Speaker 2: or you vote for a candidate for governor, for city council, 68 00:03:55,080 --> 00:04:00,600 Speaker 2: for school board, for you know, state legislature, whatever the position. 69 00:04:01,240 --> 00:04:04,120 Speaker 2: You need to have someone that's been vetted who's actually 70 00:04:04,120 --> 00:04:06,240 Speaker 2: going to stand their ground and be part of the solution. 71 00:04:06,760 --> 00:04:08,360 Speaker 2: That's what we do at Reform California. We do a 72 00:04:08,400 --> 00:04:10,480 Speaker 2: lot of recruitment of candidates up and down the state. 73 00:04:10,840 --> 00:04:11,640 Speaker 3: So that's the second thing. 74 00:04:11,720 --> 00:04:13,960 Speaker 2: First is make the case, Second offer the solution. Third, 75 00:04:14,960 --> 00:04:19,160 Speaker 2: recruit you into the movement. We're inviting you to be 76 00:04:19,200 --> 00:04:22,880 Speaker 2: a volunteer. Volunteers can post things on the Internet that 77 00:04:22,920 --> 00:04:26,480 Speaker 2: can help collect signatures on our ballot measures, the Voter 78 00:04:26,560 --> 00:04:31,000 Speaker 2: i D Initiative that we're doing, the taxpayer Protection Initiative 79 00:04:31,040 --> 00:04:35,680 Speaker 2: to stop the mileage tax, to protect proper team, the 80 00:04:35,800 --> 00:04:40,000 Speaker 2: ballot measures, and you know, the signature collection on that, 81 00:04:40,920 --> 00:04:43,159 Speaker 2: the voter guide that we put out. Getting you a 82 00:04:43,160 --> 00:04:44,719 Speaker 2: copy of the voter Guide so you can share it 83 00:04:44,720 --> 00:04:47,240 Speaker 2: with your friends and family. I don't have the money 84 00:04:47,400 --> 00:04:50,039 Speaker 2: to run TV ads, but I do have money to 85 00:04:50,080 --> 00:04:54,800 Speaker 2: send you a stack of door hangers, palm cards, and 86 00:04:54,839 --> 00:04:58,039 Speaker 2: you can distribute the Plan English voter Guide door to door. 87 00:04:58,279 --> 00:05:00,560 Speaker 2: I'll give you a list of people, actually, people that 88 00:05:00,960 --> 00:05:03,839 Speaker 2: likely agree with you, so you won't get into a 89 00:05:03,880 --> 00:05:07,080 Speaker 2: fight with them at the door. Heck, I wouldn't want 90 00:05:07,080 --> 00:05:09,839 Speaker 2: to send you to a member of Antifa. Okay, you 91 00:05:09,880 --> 00:05:12,120 Speaker 2: know one of your neighbors might be a member of Antifa. 92 00:05:12,120 --> 00:05:14,200 Speaker 2: If I tell you the knock on all your doors 93 00:05:14,400 --> 00:05:16,360 Speaker 2: in your neighborhood, you don't know what you're going to 94 00:05:16,400 --> 00:05:18,640 Speaker 2: get behind some of them. So no, I'm going to 95 00:05:18,720 --> 00:05:20,840 Speaker 2: send you to doors in your neighborhood of people who 96 00:05:20,839 --> 00:05:24,440 Speaker 2: are likely going to agree. They just need the voter Guide. 97 00:05:25,960 --> 00:05:28,280 Speaker 2: So that's where we recruit the movement. That's what volunteers do. 98 00:05:28,320 --> 00:05:31,240 Speaker 2: They collect signatures, they share things on social media, they 99 00:05:31,240 --> 00:05:34,880 Speaker 2: help with our events. They distribute the voter guide door 100 00:05:34,920 --> 00:05:37,719 Speaker 2: to door or at their church or at their place 101 00:05:37,720 --> 00:05:41,960 Speaker 2: of work. Very simple stuff. But most people don't even 102 00:05:42,000 --> 00:05:45,640 Speaker 2: know that they can volunteer. They don't even know that 103 00:05:45,680 --> 00:05:47,320 Speaker 2: they can get a voter guide, that they can get 104 00:05:47,440 --> 00:05:49,440 Speaker 2: a list of people in their neighborhood, that they can 105 00:05:49,440 --> 00:05:53,080 Speaker 2: do petitioning in front of stors. If you're willing to volunteer, 106 00:05:53,279 --> 00:05:55,719 Speaker 2: we need you Fourth, we turn out the votes we 107 00:05:55,880 --> 00:05:58,400 Speaker 2: target during elections. 108 00:05:59,080 --> 00:06:01,720 Speaker 3: Voters that like are going to agree with us, but. 109 00:06:01,720 --> 00:06:07,680 Speaker 2: They don't vote. They've given up hope. The establishment loves 110 00:06:07,720 --> 00:06:11,839 Speaker 2: it when we give up hope. They want their lemmings 111 00:06:11,839 --> 00:06:16,280 Speaker 2: to keep showing up to vote that are benefiting from 112 00:06:16,279 --> 00:06:20,320 Speaker 2: the broken system or at least bamboozled by the broken system. 113 00:06:21,400 --> 00:06:25,320 Speaker 2: When people give up hope, they these politicians and special. 114 00:06:24,920 --> 00:06:26,440 Speaker 3: Interests they grin ear to ear. 115 00:06:27,560 --> 00:06:28,839 Speaker 2: And so what I do is I give you a 116 00:06:28,839 --> 00:06:30,880 Speaker 2: list of people in your neighborhood of that are likely 117 00:06:31,040 --> 00:06:34,320 Speaker 2: to not vote but they agree with us, And I 118 00:06:35,680 --> 00:06:36,520 Speaker 2: give you the list. 119 00:06:36,400 --> 00:06:38,239 Speaker 3: That you can go give them hope. 120 00:06:39,480 --> 00:06:43,000 Speaker 2: And then fifth, raise the resources financial resources to do 121 00:06:43,080 --> 00:06:46,520 Speaker 2: the first four. So check it out. Reform California dot org. 122 00:06:46,560 --> 00:06:48,240 Speaker 2: You can sign up at the bottom of that website. 123 00:06:49,000 --> 00:06:52,240 Speaker 2: But also we are collecting signatures on the California Voter 124 00:06:52,320 --> 00:06:56,280 Speaker 2: ID And so if you want voter ID in California, 125 00:06:56,320 --> 00:06:59,920 Speaker 2: if you want a citizenship verification for people who register 126 00:07:00,080 --> 00:07:04,000 Speaker 2: to vote, then I need you to go online to 127 00:07:04,160 --> 00:07:08,520 Speaker 2: voter ID petition dot org, voter idpetition dot org and 128 00:07:08,640 --> 00:07:10,120 Speaker 2: sign the petition for voter ID. 129 00:07:10,720 --> 00:07:13,520 Speaker 3: Voter ID petition dot org. So those are your two assignments. 130 00:07:13,560 --> 00:07:15,240 Speaker 2: If you want to be part of our movement, check 131 00:07:15,280 --> 00:07:19,160 Speaker 2: it out. Reform California dot org. That's our mothership, our 132 00:07:20,120 --> 00:07:24,360 Speaker 2: home base. All of our campaigns are up there, candidates, endorsements, news, 133 00:07:26,160 --> 00:07:30,880 Speaker 2: ways that you can volunteer and get involved, vents, Reform 134 00:07:30,920 --> 00:07:33,480 Speaker 2: California dot org. But if you want to do something immediately, 135 00:07:34,480 --> 00:07:37,480 Speaker 2: we need a million signatures on voter ID, go to 136 00:07:37,560 --> 00:07:40,440 Speaker 2: voter id petition dot org. So that's your assignment list. 137 00:07:41,120 --> 00:07:44,680 Speaker 2: We'll recap that throughout today's show. So let's talk about insurance. 138 00:07:47,000 --> 00:07:51,680 Speaker 2: I will venture to guess if you're a homeowner, your 139 00:07:51,800 --> 00:07:54,680 Speaker 2: insurance has done one of two things in the last 140 00:07:55,880 --> 00:08:02,080 Speaker 2: two years. Number one, it's gone up by forty percent 141 00:08:02,720 --> 00:08:07,240 Speaker 2: costwise in the last two years, probably eighteen percent and 142 00:08:07,320 --> 00:08:10,480 Speaker 2: twenty two percent. Those are the latest rounds of annual increases. 143 00:08:12,240 --> 00:08:17,080 Speaker 2: Or Number two, you got canceled in your insurance. You're 144 00:08:17,080 --> 00:08:21,240 Speaker 2: a commercial insurance company, whether it's State farm or All 145 00:08:21,320 --> 00:08:28,040 Speaker 2: State or Farmers said sorry, we're dropping your insurance. Your 146 00:08:28,040 --> 00:08:30,320 Speaker 2: home is too risky. And you're like looking around saying, 147 00:08:30,360 --> 00:08:33,360 Speaker 2: excuse me, my home is too risky. My home hasn't 148 00:08:33,440 --> 00:08:35,080 Speaker 2: changed in the last twenty years. What do you mean, 149 00:08:35,120 --> 00:08:38,679 Speaker 2: I'm too risky, So we're not going to cover insurance 150 00:08:38,679 --> 00:08:41,760 Speaker 2: anymore for you. Now you're going to go go get 151 00:08:41,800 --> 00:08:47,920 Speaker 2: insurance from the government. Oh, the government insurance program. It's 152 00:08:47,960 --> 00:08:51,440 Speaker 2: called the Fair Plan. Well, there ain't anything fair about 153 00:08:51,440 --> 00:08:54,120 Speaker 2: the Fair Plan. It's going to be three hundred percent 154 00:08:54,200 --> 00:08:57,520 Speaker 2: more expensive. Oh, I'm not joking you. If you can't 155 00:08:57,520 --> 00:09:00,520 Speaker 2: get commercial insurance in the state of California, rate goes 156 00:09:00,600 --> 00:09:07,040 Speaker 2: up by three hundred percent. Three hundred percent. And by 157 00:09:07,080 --> 00:09:10,920 Speaker 2: the way, it's crappy insurance. You don't even even get 158 00:09:11,280 --> 00:09:14,640 Speaker 2: full coverage, so you have to get a supplemental insurance policy. 159 00:09:14,679 --> 00:09:17,320 Speaker 2: People are there on the government insurance plan, the Fair Plan, 160 00:09:18,520 --> 00:09:21,960 Speaker 2: not only paying three hundred percent more, but they also 161 00:09:22,520 --> 00:09:27,360 Speaker 2: have to get supplemental insurance for an additional cost. 162 00:09:27,600 --> 00:09:29,719 Speaker 3: It's insane. It's just insanity. 163 00:09:30,520 --> 00:09:32,959 Speaker 2: So what I can tell you right now is if 164 00:09:33,000 --> 00:09:35,120 Speaker 2: you are a homeowner in California, if you're a member 165 00:09:35,160 --> 00:09:39,760 Speaker 2: of an HOA, your insurance has skyrocketed. And if you 166 00:09:39,840 --> 00:09:43,200 Speaker 2: were lucky, you were able to keep commercial insurance rather 167 00:09:43,240 --> 00:09:45,880 Speaker 2: than going into the government plan. And let me tell you, 168 00:09:45,920 --> 00:09:48,080 Speaker 2: it's going to only be worse more of you are 169 00:09:48,120 --> 00:09:50,520 Speaker 2: going to get canceled, more of you are going to 170 00:09:50,559 --> 00:09:56,840 Speaker 2: see double digit increases in your premium, and sadly, many 171 00:09:56,880 --> 00:09:58,840 Speaker 2: of you are going to get dropped and be forced 172 00:09:58,880 --> 00:10:03,200 Speaker 2: into the government plan at three hundred percent more. I'm 173 00:10:03,200 --> 00:10:06,200 Speaker 2: hearing from people who are retired on fixed income who 174 00:10:06,240 --> 00:10:08,800 Speaker 2: are telling me they are at risk of losing their 175 00:10:08,880 --> 00:10:13,120 Speaker 2: home because they cannot afford the insurance. One lady in 176 00:10:13,200 --> 00:10:16,360 Speaker 2: my district called me and I give you one example, 177 00:10:16,400 --> 00:10:18,720 Speaker 2: but it reflects so many others that are out there. 178 00:10:18,880 --> 00:10:21,560 Speaker 2: Her insurance went from twenty five hundred dollars a year 179 00:10:22,640 --> 00:10:27,680 Speaker 2: to nine thousand dollars a year. Some of my community 180 00:10:27,720 --> 00:10:30,800 Speaker 2: members are up to fifteen to eighteen thousand dollars a 181 00:10:30,880 --> 00:10:38,240 Speaker 2: year just for insurance now coming up. Even think the politicians, 182 00:10:38,720 --> 00:10:42,840 Speaker 2: with that amount of cost spiking and pain and suffering 183 00:10:42,880 --> 00:10:47,120 Speaker 2: of their constituents would start finding ways to lower the rates. No, 184 00:10:47,920 --> 00:10:51,800 Speaker 2: it's because the politicians profit financially in the state budget 185 00:10:52,000 --> 00:10:56,160 Speaker 2: from higher insurance rates coming up. I'll expose the grift 186 00:10:56,360 --> 00:10:59,560 Speaker 2: that they engage in and what we're doing to reform 187 00:10:59,600 --> 00:11:01,800 Speaker 2: the system them and save you money on your insurance. 188 00:11:01,800 --> 00:11:04,120 Speaker 2: It's all coming up as Carl Demio fills in for 189 00:11:04,200 --> 00:11:04,840 Speaker 2: John COBLT. 190 00:11:05,480 --> 00:11:09,840 Speaker 4: You're listening to John Coblt on demand from KFI AM 191 00:11:09,840 --> 00:11:10,360 Speaker 4: six forty. 192 00:11:12,000 --> 00:11:15,520 Speaker 2: I'm Carl Demyo sitting in for John co Belt on KFI. 193 00:11:16,080 --> 00:11:18,800 Speaker 2: And if you want to ask me a question, if 194 00:11:18,840 --> 00:11:20,920 Speaker 2: you want to raise an issue that you want me 195 00:11:20,960 --> 00:11:25,400 Speaker 2: to respond to, we take the talkback submissions that we 196 00:11:25,440 --> 00:11:28,800 Speaker 2: get on the talkback feature on the iHeartRadio app, and 197 00:11:28,840 --> 00:11:33,200 Speaker 2: we're gonna pick the best ones. And I don't get 198 00:11:33,240 --> 00:11:36,680 Speaker 2: to hear these ahead of time. Producer Ray, director Eric, 199 00:11:36,880 --> 00:11:39,839 Speaker 2: they go through, they pick the ones, and you hear 200 00:11:39,880 --> 00:11:44,520 Speaker 2: them the same time I do. So fire away, go 201 00:11:44,600 --> 00:11:48,240 Speaker 2: to the talkback feature on the iHeartRadio app and ask 202 00:11:48,280 --> 00:11:50,840 Speaker 2: any question or raise any issue, and we'll get to 203 00:11:50,880 --> 00:11:54,319 Speaker 2: as many of your submissions as possible. Again, Carl Demio's 204 00:11:54,320 --> 00:11:56,640 Speaker 2: sitting in for John COBLT. We're talking about insurance. The 205 00:11:56,679 --> 00:12:01,679 Speaker 2: insurance crisis in California is real. It's painful. Your insurance 206 00:12:01,720 --> 00:12:04,360 Speaker 2: if your homeowner has gone up, if you're lucky by 207 00:12:04,360 --> 00:12:06,560 Speaker 2: forty percent so far, it's going to go up by 208 00:12:06,600 --> 00:12:08,800 Speaker 2: another Are you ready? It's going to go up by 209 00:12:08,840 --> 00:12:12,400 Speaker 2: another sixty to one hundred and twenty percent in the 210 00:12:12,440 --> 00:12:17,040 Speaker 2: next two to three years. So that is almost one 211 00:12:17,120 --> 00:12:20,480 Speaker 2: hundred percent, one hundred and fifty percent maybe two hundred 212 00:12:20,520 --> 00:12:21,480 Speaker 2: percent increase. 213 00:12:21,240 --> 00:12:24,200 Speaker 3: Over a period of three years, four years. For homeowners. 214 00:12:25,040 --> 00:12:29,240 Speaker 3: That is devastating. Now, that's if you're lucky. 215 00:12:29,760 --> 00:12:29,920 Speaker 1: Oh. 216 00:12:29,920 --> 00:12:31,760 Speaker 2: I know you're sitting there saying, wait, Carl, wait wait, 217 00:12:32,720 --> 00:12:34,800 Speaker 2: you said if I were one of the lucky ones, 218 00:12:34,920 --> 00:12:36,960 Speaker 2: I'd be up by two hundred percent over the period 219 00:12:37,000 --> 00:12:39,320 Speaker 2: of two or three or four years. Yep, you're one 220 00:12:39,320 --> 00:12:40,920 Speaker 2: of the lucky ones. Because if you're one of the 221 00:12:41,000 --> 00:12:46,680 Speaker 2: unlucky ones, you get canceled and your insurance is gone, 222 00:12:47,040 --> 00:12:50,480 Speaker 2: you get forced into the California Unfair Plan, and your 223 00:12:50,520 --> 00:12:53,559 Speaker 2: insurance goes up by three hundred percent all at once, 224 00:12:53,679 --> 00:12:56,720 Speaker 2: and then it continues to go up every year thereafter. 225 00:12:59,120 --> 00:13:02,600 Speaker 2: And that's why I've told you that we have homeowners 226 00:13:02,600 --> 00:13:06,000 Speaker 2: that are literally it's not just a budget buster for them. 227 00:13:06,080 --> 00:13:10,160 Speaker 2: It's not just pain in their household budget. For some homeowners, 228 00:13:10,200 --> 00:13:14,120 Speaker 2: it's devastating. They're not able to keep their home. People 229 00:13:14,120 --> 00:13:17,320 Speaker 2: who are retired on fixed income are being priced out 230 00:13:17,360 --> 00:13:22,880 Speaker 2: of their homes because of the insurance debacle. Now the 231 00:13:22,920 --> 00:13:25,600 Speaker 2: politicians are sitting there blaming the insurance companies. 232 00:13:25,800 --> 00:13:28,560 Speaker 3: It's the insurance company's fault. They're just greedy. They're trying 233 00:13:28,559 --> 00:13:30,439 Speaker 3: to make money and be profiteers. 234 00:13:31,200 --> 00:13:35,920 Speaker 2: Insurance companies in California are leaving the state because they 235 00:13:35,920 --> 00:13:40,080 Speaker 2: can't make money. This nonsense that, oh, it's insurance companies 236 00:13:40,080 --> 00:13:45,080 Speaker 2: that are profit profiting and price gouging. No, they're leaving 237 00:13:45,160 --> 00:13:47,800 Speaker 2: the state. They're losing money, just like the oil refineries 238 00:13:47,840 --> 00:13:51,160 Speaker 2: are leaving the state. They've been losing money. It's the 239 00:13:51,240 --> 00:13:54,840 Speaker 2: politicians that have created a disaster in our insurance market 240 00:13:55,000 --> 00:13:58,959 Speaker 2: and increase the risk to you and me because of 241 00:13:59,000 --> 00:14:04,560 Speaker 2: their mismanagement of brush and fire risk. But they're not 242 00:14:05,040 --> 00:14:10,240 Speaker 2: going to change their bad policies because currently they have 243 00:14:10,280 --> 00:14:13,200 Speaker 2: you bamboozled into thinking it's the insurance company's fault. But 244 00:14:13,200 --> 00:14:18,079 Speaker 2: more importantly here it is the big reveal. The politicians 245 00:14:18,080 --> 00:14:23,920 Speaker 2: are profiting. They're financially benefiting on higher insurance rates. 246 00:14:24,520 --> 00:14:28,520 Speaker 3: Here's why. One of the biggest money. 247 00:14:29,800 --> 00:14:32,880 Speaker 2: Drivers and one of the biggest revenue streams of the 248 00:14:32,880 --> 00:14:40,160 Speaker 2: California state government budget is the California insurance tax, and 249 00:14:40,200 --> 00:14:43,080 Speaker 2: it is set as a gross receipts tax, which means 250 00:14:43,680 --> 00:14:49,120 Speaker 2: it's a flat percentage a percentage of every premium. The 251 00:14:49,160 --> 00:14:52,000 Speaker 2: state of California gets two point three percent of every 252 00:14:52,040 --> 00:14:56,440 Speaker 2: single dollar you have to pay in premiums and it 253 00:14:56,480 --> 00:15:00,200 Speaker 2: collects about three point six to four billion dollars a 254 00:15:00,320 --> 00:15:05,360 Speaker 2: year for the state budget. So guess what when your 255 00:15:05,360 --> 00:15:09,040 Speaker 2: insurance doubles. Guess what happens to the politician's revenue stream 256 00:15:09,400 --> 00:15:11,400 Speaker 2: in the state budget for insurance. 257 00:15:10,960 --> 00:15:13,280 Speaker 3: Taxes, it also doubles. 258 00:15:14,520 --> 00:15:18,280 Speaker 2: Do you understand why these politicians don't give a rats 259 00:15:18,320 --> 00:15:22,160 Speaker 2: rear end about your insurance rates going up? They smile 260 00:15:22,320 --> 00:15:25,520 Speaker 2: ear to ear because of what it means is next year. 261 00:15:25,720 --> 00:15:27,400 Speaker 3: They get more money to waste. 262 00:15:29,160 --> 00:15:31,120 Speaker 2: And no one in the media wants to report on this. 263 00:15:31,240 --> 00:15:34,680 Speaker 2: It's a scam, it is a grift, it is corruption. 264 00:15:37,800 --> 00:15:41,520 Speaker 2: Now politicians are saying the reason why the insurance is 265 00:15:41,520 --> 00:15:44,640 Speaker 2: so high is not only are the insurance companies profiteering 266 00:15:44,720 --> 00:15:49,240 Speaker 2: and price gouging you lie to you the politicians doing that, but. 267 00:15:49,240 --> 00:15:52,480 Speaker 3: It's because of climate change. Climate change. 268 00:15:52,600 --> 00:15:55,680 Speaker 2: Again, they want you to blame yourself for climate change 269 00:15:55,720 --> 00:15:59,760 Speaker 2: because you drive a car, or you turn on the lights, 270 00:16:00,960 --> 00:16:04,360 Speaker 2: you travel in an airplane like AOC and Bernie Sanders, 271 00:16:04,400 --> 00:16:07,440 Speaker 2: by the way, and so climate change is not the 272 00:16:07,440 --> 00:16:10,640 Speaker 2: fault of the politicians. Climate change is your fault. It's 273 00:16:10,680 --> 00:16:14,760 Speaker 2: society's fault, so it's all of us to blame. Climate 274 00:16:14,800 --> 00:16:18,400 Speaker 2: change is not why we're having more fires. Climate change 275 00:16:18,480 --> 00:16:22,240 Speaker 2: is not why we have greater insurance rates, higher insurance rates. No, no, no, 276 00:16:22,360 --> 00:16:26,880 Speaker 2: Coming up, I will walk you through what is driving 277 00:16:27,200 --> 00:16:31,040 Speaker 2: higher costs for insurance, and I will walk through a 278 00:16:31,040 --> 00:16:34,120 Speaker 2: plan that Democrats just killed in Sacramento that I offered 279 00:16:35,000 --> 00:16:38,240 Speaker 2: to cap your insurance rates to no more than the 280 00:16:38,360 --> 00:16:43,400 Speaker 2: national average increase and saving you thousands of dollars thousands 281 00:16:43,440 --> 00:16:45,960 Speaker 2: of dollars a year. That's all coming up as we 282 00:16:46,000 --> 00:16:49,280 Speaker 2: look at what's the real cause of California's insurance crisis 283 00:16:49,280 --> 00:16:50,080 Speaker 2: and how we can fix it. 284 00:16:51,120 --> 00:16:55,160 Speaker 4: You're listening to John Cobels on demand from KFI A 285 00:16:55,440 --> 00:16:56,360 Speaker 4: six forty. 286 00:16:56,760 --> 00:17:00,960 Speaker 2: The insurance crisis and what it's costing homeowners in California. 287 00:17:01,080 --> 00:17:02,440 Speaker 3: It is devastating them. 288 00:17:02,840 --> 00:17:07,200 Speaker 2: We're talking about double digit rate increases every single year 289 00:17:07,240 --> 00:17:11,800 Speaker 2: if you're lucky, and three hundred percent give or take 290 00:17:12,119 --> 00:17:15,080 Speaker 2: increases all at once. If you get tossed off commercial 291 00:17:15,119 --> 00:17:18,320 Speaker 2: insurance and thrown onto the government plan, it's only going 292 00:17:18,359 --> 00:17:20,320 Speaker 2: to get worse. And the reason why the politicians aren't 293 00:17:20,320 --> 00:17:23,440 Speaker 2: fixing the problem is they're profiting off of higher insurance rates. 294 00:17:24,200 --> 00:17:26,879 Speaker 2: They get a gross receipts tax. It's one of the 295 00:17:26,920 --> 00:17:31,840 Speaker 2: biggest revenue streams to the California state budget. These drunken 296 00:17:32,040 --> 00:17:34,679 Speaker 2: sailor politicians don't want to give up the money that 297 00:17:34,720 --> 00:17:38,480 Speaker 2: they're getting by having insurance rates higher, and so they're 298 00:17:38,520 --> 00:17:40,879 Speaker 2: not going to do anything to lower the insurance rates. 299 00:17:41,760 --> 00:17:43,920 Speaker 2: Oh and by the way, they have a lying liberal 300 00:17:44,000 --> 00:17:48,480 Speaker 2: media covering up the scam and allowing them to basically 301 00:17:48,520 --> 00:17:53,640 Speaker 2: say it's profit in price gouging by insurance companies, which it's. 302 00:17:53,440 --> 00:17:57,400 Speaker 3: Not, and it's climate change. 303 00:17:58,640 --> 00:18:01,520 Speaker 2: Hell, everything is now blamed done on Donald Trump and 304 00:18:01,640 --> 00:18:03,960 Speaker 2: climate change. Those are the two things that Democrats fall 305 00:18:04,000 --> 00:18:08,240 Speaker 2: back to. You stubbed your toe, climate change, Your. 306 00:18:08,119 --> 00:18:09,800 Speaker 3: Hair is thinning, climate change. 307 00:18:12,640 --> 00:18:15,879 Speaker 2: Any of their screw ups, and I want to use 308 00:18:15,920 --> 00:18:19,840 Speaker 2: a stronger word, any of their screw ups they blame 309 00:18:19,920 --> 00:18:23,919 Speaker 2: on climate change or Trump, and the media lets them 310 00:18:23,920 --> 00:18:26,879 Speaker 2: away with it, lets them get away with it. So 311 00:18:27,200 --> 00:18:30,040 Speaker 2: people say, well, Carl, if it's not climate change, if 312 00:18:30,040 --> 00:18:34,840 Speaker 2: it's not price gouging, why are the insurance rates skyrocketing, 313 00:18:34,880 --> 00:18:37,239 Speaker 2: Why are insurance companies in so much distress that they 314 00:18:37,240 --> 00:18:39,160 Speaker 2: then turn around saying we have to charge more. Well, 315 00:18:39,200 --> 00:18:44,960 Speaker 2: there are three drivers of the insurance crisis, and they 316 00:18:45,000 --> 00:18:53,120 Speaker 2: all are about government policy failures. Number one, there is 317 00:18:53,400 --> 00:18:59,440 Speaker 2: an actuarial model that sets your insurance rates. An actuarial 318 00:18:59,560 --> 00:19:02,239 Speaker 2: model a bunch of smart mathematicians get together and they 319 00:19:02,280 --> 00:19:05,960 Speaker 2: look at all the disasters. They look at all the fires, 320 00:19:06,520 --> 00:19:11,959 Speaker 2: the floods, the pipe bursts, any damage that happens to 321 00:19:12,160 --> 00:19:15,119 Speaker 2: the places that they ensure, and they have decades and 322 00:19:15,200 --> 00:19:18,720 Speaker 2: decades and decades of this data and that allows them 323 00:19:18,760 --> 00:19:23,359 Speaker 2: to predict how many of those things will happen next year. Okay, 324 00:19:23,359 --> 00:19:26,560 Speaker 2: so that number one is it's called the number of 325 00:19:26,800 --> 00:19:31,120 Speaker 2: incidents lost incidents, and they're. 326 00:19:30,920 --> 00:19:32,000 Speaker 3: Pretty good at predicting this. 327 00:19:33,600 --> 00:19:37,600 Speaker 2: They multiply those lost incidents by the amount of money 328 00:19:37,640 --> 00:19:41,600 Speaker 2: they have to pay out to replace the damage, so 329 00:19:41,760 --> 00:19:49,560 Speaker 2: replacement costs. They then add profit and administration, and that 330 00:19:49,640 --> 00:19:52,359 Speaker 2: becomes the basis of your rates. 331 00:19:53,440 --> 00:19:54,000 Speaker 3: Pretty simple. 332 00:19:54,119 --> 00:19:59,000 Speaker 2: Right. If they get one of those elements wrong, there's 333 00:19:59,040 --> 00:20:05,440 Speaker 2: a problem. So let's talk about losses. We actually haven't 334 00:20:05,480 --> 00:20:09,879 Speaker 2: had more losses in California in terms of loss incidents, 335 00:20:10,359 --> 00:20:14,680 Speaker 2: so it may seem like fires are completely out of control. 336 00:20:14,800 --> 00:20:19,040 Speaker 2: But fire damage is actually not the number one claim. 337 00:20:19,760 --> 00:20:24,040 Speaker 2: It's leaky pipe. What are you gonna say climate change 338 00:20:24,119 --> 00:20:31,080 Speaker 2: caused more pipes to burst? No, it hasn't. We do 339 00:20:31,160 --> 00:20:39,199 Speaker 2: not have a higher incidence incident of losses incidents. We 340 00:20:39,320 --> 00:20:45,159 Speaker 2: do have a higher payout of losses, and so the 341 00:20:45,240 --> 00:20:50,760 Speaker 2: payout is driven by something called construction inflation. Now, if 342 00:20:50,800 --> 00:20:53,879 Speaker 2: you have done any home renovation, or if you've had 343 00:20:53,880 --> 00:20:55,600 Speaker 2: to do a home repair in the last three, four 344 00:20:55,680 --> 00:20:59,600 Speaker 2: or five years since COVID, right, you probably have had 345 00:20:59,600 --> 00:21:02,640 Speaker 2: a heart tech when you got the bid back, because 346 00:21:02,720 --> 00:21:10,040 Speaker 2: any sort of home improvement, drywall paint, any sort. 347 00:21:09,920 --> 00:21:11,440 Speaker 3: Of electrical work. 348 00:21:12,880 --> 00:21:16,880 Speaker 2: Is much more expensive today than it was prior to COVID. 349 00:21:17,080 --> 00:21:22,359 Speaker 2: Why well, we've had massive inflation since COVID, We've had 350 00:21:22,600 --> 00:21:26,840 Speaker 2: disruption of supply chains that haven't yet recovered. The labor 351 00:21:26,880 --> 00:21:32,320 Speaker 2: market is a lot tighter, and so the replacement costs 352 00:21:33,880 --> 00:21:37,880 Speaker 2: of fixing damage from the same number of incidents has 353 00:21:37,920 --> 00:21:44,400 Speaker 2: gone much higher, and it actually exceeded what the mathematicians expected. 354 00:21:44,720 --> 00:21:48,280 Speaker 2: That created an environment of massive losses. So the first 355 00:21:48,280 --> 00:21:52,480 Speaker 2: thing that we're dealing with is inflation, and that again 356 00:21:52,960 --> 00:21:56,560 Speaker 2: I don't blame the market for inflation. I blame politicians 357 00:21:56,560 --> 00:22:02,840 Speaker 2: for inflation. The second thing that drives insurance are insurance 358 00:22:03,600 --> 00:22:04,720 Speaker 2: regulatory costs. 359 00:22:05,680 --> 00:22:07,320 Speaker 3: That is that the government says. 360 00:22:07,119 --> 00:22:12,320 Speaker 2: To insurance companies, you have to offer the following coverage, 361 00:22:13,119 --> 00:22:18,119 Speaker 2: whether the consumer wants the coverage or not. There are 362 00:22:18,119 --> 00:22:22,280 Speaker 2: all sorts of requirements and mandates that cost the insurance 363 00:22:22,320 --> 00:22:25,000 Speaker 2: companies money, and then they have to they have to 364 00:22:25,160 --> 00:22:28,280 Speaker 2: add it into your insurance policy because the government. 365 00:22:28,000 --> 00:22:32,520 Speaker 3: Says you have to do this. The government at the 366 00:22:32,520 --> 00:22:34,920 Speaker 3: same time says we're not going. 367 00:22:34,880 --> 00:22:38,080 Speaker 2: To let you increase insurance rates, and so for the 368 00:22:38,200 --> 00:22:42,040 Speaker 2: last twenty years under Prop One O three, they've limited, 369 00:22:43,240 --> 00:22:51,280 Speaker 2: when necessary, the increases arbitrarily. So we have insurance regulations 370 00:22:51,760 --> 00:22:56,280 Speaker 2: that are not reflective of market reality. We also have 371 00:22:56,440 --> 00:22:59,720 Speaker 2: in regulations that tell insurance companies they have to force 372 00:22:59,760 --> 00:23:03,879 Speaker 2: fees coverage on people that may not even want that 373 00:23:03,960 --> 00:23:06,040 Speaker 2: type of coverage. They might want to save the money, 374 00:23:06,080 --> 00:23:08,720 Speaker 2: they might want to take some of that risk, but 375 00:23:08,840 --> 00:23:17,920 Speaker 2: California doesn't allow that. Third, in California, we actually have 376 00:23:18,520 --> 00:23:22,639 Speaker 2: created not more fires because of climate change, but the 377 00:23:22,760 --> 00:23:28,440 Speaker 2: severity of fires is much greater because we haven't done 378 00:23:28,560 --> 00:23:33,199 Speaker 2: proper forest management. So the number of fires, the Democrats 379 00:23:33,240 --> 00:23:34,800 Speaker 2: like to say, well, because of climate change, we have 380 00:23:34,840 --> 00:23:37,520 Speaker 2: more fires. That's not true, none of the data, none 381 00:23:37,560 --> 00:23:40,880 Speaker 2: of the science. We have actually not had more fires 382 00:23:40,920 --> 00:23:46,480 Speaker 2: in society. We've had more severe fires because they burn 383 00:23:46,560 --> 00:23:48,320 Speaker 2: with more intensity. 384 00:23:49,000 --> 00:23:54,760 Speaker 3: Now, now, why might that be climate change? Now? No, no, no, no, no. 385 00:23:54,800 --> 00:23:58,880 Speaker 2: You know, climate change has not caused trees to die. 386 00:24:00,000 --> 00:24:05,480 Speaker 2: Climate change is not caused brush to grow. That just happens. 387 00:24:06,119 --> 00:24:08,680 Speaker 2: And if you don't properly maintain your forest, if you 388 00:24:08,720 --> 00:24:12,120 Speaker 2: don't thin your forests, if you don't allow logging, if 389 00:24:12,160 --> 00:24:18,359 Speaker 2: you don't trim the brush in the canyons the backcountry, 390 00:24:19,040 --> 00:24:21,960 Speaker 2: all of that builds up over time so that when 391 00:24:22,040 --> 00:24:25,560 Speaker 2: a fire does happen, and guess what, it's a natural 392 00:24:25,600 --> 00:24:28,919 Speaker 2: part of our ecosystem. Fires happen. Don't blame climate change. 393 00:24:29,040 --> 00:24:32,000 Speaker 2: It's called mother nature. She's been doing it for millions 394 00:24:32,080 --> 00:24:39,000 Speaker 2: of years. It's a healthy ecosystem. When we have a fire, air, wind, water, fire, 395 00:24:40,960 --> 00:24:43,840 Speaker 2: these are all natural elements, natural occurrences. 396 00:24:44,080 --> 00:24:46,640 Speaker 3: But if you don't maintain your. 397 00:24:46,440 --> 00:24:51,399 Speaker 2: Ecosystem, then you're going to have major, major catastrophic fires 398 00:24:51,400 --> 00:24:55,880 Speaker 2: that you can't control anymore. So fire management, brush management, 399 00:24:55,920 --> 00:24:58,600 Speaker 2: forest management, whatever you want to call it. We've not 400 00:24:58,880 --> 00:25:07,000 Speaker 2: done proper trimming of the shrubs. And that's government's responsibility 401 00:25:07,040 --> 00:25:12,920 Speaker 2: because you've got millions of acres of land held by government. 402 00:25:13,760 --> 00:25:18,280 Speaker 2: Think about La, all the canyons. That's not the federal government. 403 00:25:18,320 --> 00:25:21,679 Speaker 2: The Forest Service doesn't do that, Department of Interior doesn't 404 00:25:21,680 --> 00:25:27,440 Speaker 2: do that. That's the city and County of LA that 405 00:25:27,520 --> 00:25:35,119 Speaker 2: manage all of those canyons, all that brush. Then you 406 00:25:35,160 --> 00:25:41,600 Speaker 2: have state parks and you have federal parks. Government has 407 00:25:41,720 --> 00:25:45,760 Speaker 2: not managed and maintained the brush. Not only they do 408 00:25:45,840 --> 00:25:49,320 Speaker 2: not allow logging or forest thinning because the enviros don't 409 00:25:49,320 --> 00:25:49,600 Speaker 2: want it. 410 00:25:50,480 --> 00:25:51,679 Speaker 3: They don't even trim. 411 00:25:52,320 --> 00:25:57,640 Speaker 2: And of course, let's be very clear, they're not allowing 412 00:25:57,680 --> 00:26:03,000 Speaker 2: private homeowners to trim because all the environmental regulations say, well, 413 00:26:03,040 --> 00:26:05,800 Speaker 2: you're not allowed to trim because there might be fairy 414 00:26:05,800 --> 00:26:09,560 Speaker 2: shrimp there, there might be some spotted out. And so 415 00:26:09,600 --> 00:26:11,439 Speaker 2: people who want to protect their property and do the 416 00:26:11,480 --> 00:26:14,159 Speaker 2: right thing and put the money into hiring landscapers that 417 00:26:14,240 --> 00:26:16,600 Speaker 2: come in and clear the brush, they're told no, or 418 00:26:16,640 --> 00:26:20,119 Speaker 2: they're worse, they're fined. So coming up, I'm gonna give 419 00:26:20,160 --> 00:26:23,200 Speaker 2: you proof positive of this and it's happening in La 420 00:26:23,240 --> 00:26:24,840 Speaker 2: and you can see it. You can go hike and 421 00:26:24,880 --> 00:26:27,000 Speaker 2: you can see it up close and personal for yourself. 422 00:26:27,920 --> 00:26:31,639 Speaker 2: Where government is the bad neighbor down the street creating 423 00:26:31,720 --> 00:26:35,600 Speaker 2: a whole risk to the whole neighborhood. And why we 424 00:26:35,640 --> 00:26:39,440 Speaker 2: should hold local government officials and state government officials accountable 425 00:26:39,440 --> 00:26:42,600 Speaker 2: for them increasing the fire risk in California. Plus what 426 00:26:42,640 --> 00:26:44,280 Speaker 2: can we do about it. We've got a bill to 427 00:26:44,320 --> 00:26:46,880 Speaker 2: fix the problem and lower your rates. It's all coming 428 00:26:46,960 --> 00:26:50,400 Speaker 2: up as Carl Demyo me sits in for John coblt. 429 00:26:51,280 --> 00:26:55,600 Speaker 4: You're listening to John Cobelt on demand from KFI Am 430 00:26:55,640 --> 00:26:56,120 Speaker 4: six forty. 431 00:26:57,000 --> 00:26:59,720 Speaker 2: Coming up at two o'clock. How do we really take 432 00:26:59,760 --> 00:27:03,199 Speaker 2: back California when the Democrats have money and the media 433 00:27:03,800 --> 00:27:06,640 Speaker 2: a special interest control their corrupt system. 434 00:27:07,560 --> 00:27:11,040 Speaker 3: Well, it's actually easier than you may think. 435 00:27:12,119 --> 00:27:13,960 Speaker 2: And in twenty twenty six, I think it's going to 436 00:27:14,040 --> 00:27:17,080 Speaker 2: start really happening. We already saw a good shift in 437 00:27:17,119 --> 00:27:19,440 Speaker 2: twenty four. But that's coming up at two o'clock. We're 438 00:27:19,440 --> 00:27:22,240 Speaker 2: getting the details of that. But plus any questions you 439 00:27:22,320 --> 00:27:25,240 Speaker 2: might have for me, any issues you want me to tackle, 440 00:27:25,720 --> 00:27:27,280 Speaker 2: We're gonna take a lot of these in the next 441 00:27:27,359 --> 00:27:30,760 Speaker 2: two hours. Use the talkback feature on the iHeartRadio app 442 00:27:30,800 --> 00:27:34,800 Speaker 2: to ask any question and we will get through the 443 00:27:34,800 --> 00:27:36,919 Speaker 2: good ones and try to stump me. 444 00:27:38,119 --> 00:27:38,680 Speaker 3: I'm game. 445 00:27:39,119 --> 00:27:44,359 Speaker 2: We're talking about insurance. Insurance rates are skyrocketing. Homeowners are hurting. 446 00:27:44,920 --> 00:27:47,879 Speaker 2: This is a massive budget buster in the household budget. 447 00:27:48,480 --> 00:27:51,680 Speaker 2: This is causing people to lose their homes, literally lose 448 00:27:51,720 --> 00:27:53,480 Speaker 2: their homes because they're being priced out of their home 449 00:27:53,520 --> 00:27:56,840 Speaker 2: because they can't afford the insurance anymore. We're talking about 450 00:27:56,880 --> 00:28:01,480 Speaker 2: if you're lucky, sixty seventy percent increases, one hundred percent increases, 451 00:28:01,480 --> 00:28:04,639 Speaker 2: if you're lucky, three hundred four hundred percent increases. If 452 00:28:04,640 --> 00:28:08,520 Speaker 2: you get shoved onto the government plan. The politicians claim 453 00:28:08,520 --> 00:28:12,719 Speaker 2: it's climate change and price gouging, but they're lying. They're lying, 454 00:28:12,840 --> 00:28:17,440 Speaker 2: it's them. They've created the problem. Number One, through Biden inflation, 455 00:28:17,960 --> 00:28:22,320 Speaker 2: construction costs are way up, so when insurance companies have 456 00:28:22,359 --> 00:28:25,639 Speaker 2: to do replacement under your insurance policy, costs of. 457 00:28:25,680 --> 00:28:28,359 Speaker 3: More, so they are now needing to recoup that with 458 00:28:28,440 --> 00:28:28,920 Speaker 3: higher rates. 459 00:28:29,000 --> 00:28:33,800 Speaker 2: Number two, the insurance market is way over regulated in California, 460 00:28:34,359 --> 00:28:39,200 Speaker 2: too much red tape. The costs are staggering, so we 461 00:28:39,280 --> 00:28:42,560 Speaker 2: have to reform the insurance market to allow them to 462 00:28:43,240 --> 00:28:48,360 Speaker 2: offer products that homeowners actually want. Let homeowners pick and 463 00:28:48,480 --> 00:28:50,959 Speaker 2: choose what coverage they have rather than having all these mandates. 464 00:28:51,000 --> 00:28:55,400 Speaker 2: And three, the government has been that lousy neighbor that's 465 00:28:55,440 --> 00:29:02,280 Speaker 2: allowed their brush to be complete overgrown, and that's made 466 00:29:02,360 --> 00:29:05,480 Speaker 2: a risk to the entire neighborhood. 467 00:29:06,320 --> 00:29:07,680 Speaker 3: It's time that we go to the. 468 00:29:07,560 --> 00:29:10,760 Speaker 2: Government and say we are sick and tired of you 469 00:29:10,920 --> 00:29:16,000 Speaker 2: being a lousy neighbor. Clean up your crap, thin the forests, 470 00:29:16,600 --> 00:29:21,800 Speaker 2: trim the trees. I offered a bill to do just this. 471 00:29:23,840 --> 00:29:27,600 Speaker 2: It also protected you from rate increases. It was It's 472 00:29:27,640 --> 00:29:33,240 Speaker 2: an Assembly Bill five six seven, the Cup, the Cut 473 00:29:33,320 --> 00:29:40,720 Speaker 2: and Cap Insurance Reform Act. It basically said that the 474 00:29:40,760 --> 00:29:44,760 Speaker 2: homeowners would only be responsible for rates that are in 475 00:29:44,800 --> 00:29:48,239 Speaker 2: line with the national average, not a penny more, and 476 00:29:48,240 --> 00:29:50,160 Speaker 2: that if the rates had to go higher because of 477 00:29:50,200 --> 00:29:54,120 Speaker 2: the insurance company's higher costs, because of regulation or mismanaged forest, 478 00:29:54,640 --> 00:29:58,000 Speaker 2: the government would have to fill in. Yes, that we 479 00:29:58,040 --> 00:30:00,440 Speaker 2: would take it from the government budget. The first thing 480 00:30:00,520 --> 00:30:02,959 Speaker 2: we do is suspend that insurance tax that allows them 481 00:30:03,000 --> 00:30:08,760 Speaker 2: to gain whenever your rates go up. Second, implement the 482 00:30:08,840 --> 00:30:13,680 Speaker 2: deregulation and third do a bunch of trimming of forests 483 00:30:13,720 --> 00:30:14,920 Speaker 2: and brush around the state. 484 00:30:15,240 --> 00:30:18,240 Speaker 3: They killed the bill. But coming up, I. 485 00:30:18,200 --> 00:30:21,720 Speaker 2: Want to share with you an example from local government 486 00:30:21,800 --> 00:30:25,000 Speaker 2: here in southern California as why we need to go 487 00:30:25,040 --> 00:30:28,400 Speaker 2: to city hall to demand action because these fires are 488 00:30:28,400 --> 00:30:30,560 Speaker 2: going to keep happening and a lot of it can 489 00:30:30,600 --> 00:30:34,959 Speaker 2: be traced back to negligence by local governments. All that 490 00:30:35,040 --> 00:30:37,480 Speaker 2: coming up, the insurance crisis. Carl to myo filling in 491 00:30:37,480 --> 00:30:39,320 Speaker 2: for John cole Belt, but first news with Deborah Mark 492 00:30:39,320 --> 00:30:41,000 Speaker 2: in the twenty four hour Newsroom at KFI. 493 00:30:41,160 --> 00:30:44,080 Speaker 1: Hey, you've been listening to the John Cobalt Show podcast. 494 00:30:44,160 --> 00:30:46,640 Speaker 1: You can always hear the show live on KFI Am 495 00:30:46,680 --> 00:30:49,680 Speaker 1: six forty from one to four pm every Monday through Friday, 496 00:30:49,680 --> 00:30:52,960 Speaker 1: and of course anytime on demand on the iHeartRadio app.