Ep. 52 - The Effects of the L.A. Wildfires on the Insurance Sector & Key Insurance Issues In 2025

This episode of “Building Knowledge With the Building and Realty Institute (BRI)” featured discussions on two issues - the effects of the Los Angeles Wildfires on the Insurance Sector and the key Insurance Subjects for members of the building, realty and construction industries in 2025. Our guest was Jason Schiciano, Co-President of Levitt-Fuirst Insurance. Levitt-Fuirst Insurance, which serves as the Insurance Manager for the Building and Realty Institute (BRI), is based in Tarrytown in Westchester County in New York State. Topics discussed during the segment included: 1) What the Los Angeles Wildfires mean to the Insurance Sector nationally, as well as in New York State; 2) If an event like the Los Angeles Wildfires affects all areas of the Insurance Sector, in addition to the Homeowner Insurance Component of the industry; 3) How soon after an event like the Los Angeles Wildfires will consumers see the effects of such a disaster, such as possible premium increases and changes in the language of policies; 4) The possible effects of the Los Angeles Wildfires on the national economy; 5) The key Insurance Issues affecting the Building and Construction Sectors in 2025; 6) The top Insurance Issues affecting the Realty Sector in the new year; 7) What Levitt-Fuirst Insurance sees at the top Insurance Issues for members of the General Business Sector in 2025.