CEA CEO Glenn Pomeroy News

Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage

A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low monthly premium whether there’s damage to the home or not. A Berkeley, Calif.-based firm called Jumpstart Insurance Solutions Inc. recently …

Talk Expected to Turn to Earthquakes at Tornado Summit in Oklahoma

Hundreds of top meteorologists and disaster recovery experts will converge on Oklahoma City this week for a national tornado summit, though much of the discussion is expected to focus on temblors, not twisters. The annual three-day conference in the middle …

The California Earthquake Authority 20 Years Later

Twenty years ago today insurers began selling California Earthquake Authority policies – two years off of a hard lesson learned by the state’s residents and its insurance market. But 20 years later are we any better off? Glenn Pomeroy, the …

Earthquake Resilience Topic at Southern California Conference

Most people aren’t prepared for the big one. If there was one common theme at a three-day earthquake conference in downtown Long Beach, Calif., that was it. The National Earthquake Conference, which runs through Friday, is a quadrennial event bringing …

California Earthquake Authority’s 2016 Changes Aim to Increase Policy Count

It’s about the closest thing to DIY earthquake insurance as one can get, though there’s definitely no indication that the newest consumer-friendly features being rolled out by the California Earthquake Authority will enable people to do without their agents. CEA …

CEA Kicks off Earthquake Insurance Selling Program for Agents

The California Earthquake Authority has again kicked off its annual “Marketing Value Program,” in which the quasi-private earthquake insurer encourages agents to sign up to receive direct mail marketing pre-printed with agents’ names to send to potential clients. This is …

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 …