The Law of Rebuilding LA Episode 6: Balancing insurance industry concerns with homeowner needs

Welcome to Episode 6 of The Law of Rebuilding LA. In this episode, Contributing Editor Howard Miller speaks with Peter Klee, a partner in Sheppard Mullin's Business Trial Practice Group in the firm's San Diego office and a leading defense attorney for insurance companies. Their conversation provides crucial perspective from the insurance industry's side on dwelling coverage and rebuilding challenges following widespread disasters.

Miller and Klee explore:

• The industry's approach to determining appropriate dwelling replacement costs
• The catch-22 insurers face: accused of underinsuring when coverage falls short, but sued for overinsuring when they build in extra protection
• How insurers work with the Department of Insurance to establish protocols for coverage determination
• Public policy considerations that prevent policyholders from profiting from insurance claims

This episode offers valuable insights for policyholders by explaining the rationale behind insurance industry practices and highlighting the importance of transparent discussions between insurers and homeowners when establishing coverage limits.

Stay tuned for tomorrow's episode as Miller and Klee continue their examination of insurance issues in LA's rebuilding process. Missed an episode of The Law of Rebuilding LA? Catch up here.