California (USA)
California Title
California Earthquake Authority (CEA)
Description California
In 1996, the California Legislature went one step further and created the California Earthquake Authority (CEA)—a not-for-profit, publicly managed, privately funded entity. Residential property insurers could offer their own earthquake insurance or become a CEA participating insurance company.
About 76 percent of California residential property insurance companies offer CEA earthquake policies. By selling our policies exclusively through these participating insurance companies, CEA has become one of the largest providers of residential earthquake insurance in the world.
News and Events California
News And Events
14 March 2024
The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year earlier, as the group reached December 31st 2023 with $9.1 billion of protection in-force
January 18, 2024
(Sacramento, CA) - The Governing Board of the California Earthquake Authority (CEA) has announced that Tom Welsh, CEA’s Chief Legal and Compliance Officer, has been appointed as Interim Chief Executive Officer. Tom Welsh assumes the Interim CEO role following Glenn Pomeroy’s decision to step down as CEO following 16 years of service.
January 10, 2024
Sacramento, CA – 30 years after the devastating Northridge Earthquake, new retrofit opportunities are available. Thousands of California homeowners are now eligible to apply for Earthquake Brace + Bolt (EBB) seismic retrofit grants as approximately 300 new ZIP Codes have been added to the program. Starting today, January 10 and continuing until February 21st, eligible homeowners in 815 ZIP Codes can apply for $3,000 seismic retrofit grants to help strengthen their homes against earthquake damage.
https://www.calcas.com/catastrophe-center