California Earthquake Authority News

Report: $100M in Losses from Southern California Quake

The moderate earthquake that struck Southern California in spring did more damage than people may think – and a bigger quake on that fault could be more devastating than a “big one” on the region’s infamous San Andreas Fault, a …

CEA: Policy Sales Spiked Following California March Temblor

California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan, CEA reported on Friday. …

Policyholders File Claims, Get Payments For California Quake

The California Earthquake Authority reported Tuesday it has paid numerous claims for damage to homes that sustained “relatively minor damage” from the magnitude 5.1 earthquake that struck La Habra on March 28. Most CEA claim payments to date from the …

Twenty Years Later Big Lesson From Northridge Quake Lost

Twenty years ago today a big one hit the Los Angeles area, killing several people and injuring thousands, damaging tens of thousands of properties, shutting down businesses, putting out of operation some of the nation’s busiest freeways and radically changing …

Fitch Affirms California Earthquake Authority’s ‘A’ Rating

Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016. Fitch has also affirmed CEA’s Issuer Default Rating (IDR) at “A.” The Rating Outlook is Stable. “The ratings reflect …

CEA Taps First Chief Information Officer

The California Earthquake Authority named Todd Coombes as the CEA’s first chief information officer. Following a recommendation from consultant PricewaterhouseCoopers, CEA’s governing board approved adding a CIO to the executive team. Coombes starts June 3. Coombes, a business-technology executive with …

CEA Unveils Homeowners Choice Earthquake Coverage Product Line

As of July 1, 2012, the California Earthquake Authority (CEA) is offering its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability to select (or decline) coverage of …

CEA, Red Cross Alliance Auction Raises $180K Disaster Readiness and Relief

Two months after joining forces to increase earthquake preparedness in California, the alliance between the California Earthquake Authority and the American Red Cross to put on a statewide online auction in April raised $180,000 preparedness efforts and response programs in …

Mayer Brown Adds Woods As Partner And Global Co-Leader

Global law firm Mayer Brown named veteran insurance regulatory advisor James R. Woods as a partner and a co-leader of the global Insurance Industry Group. Also a member of Mayer Brown’s corporate and securities practice, Woods will divide his time …

CEA and Red Cross Combine Forces to Raise Awareness

In what those involved say may bring about many more such pairings, the California Earthquake Authority and the American Red Cross have joined forces to try to boost preparedness and recovery when California’s next damaging earthquake strikes. The two groups …