CEA News

Swiss Re Places $925M Cat Bond for California Earthquake Authority

Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets underwrote the transaction through two classes of principal-at-risk variable rate notes issued by …

California Earthquake Authority Creates Online Home Vulnerability Evaluator

The California Earthquake Authority has created an online tool to help home inspection specialists evaluate a house’s vulnerability to earthquake damage. The online tool, QuakeGrade, uses information entered by an inspector and collects data about a house’s structural and geological …

California Congressmen Introduce Earthquake Mitigation Tax Incentives

A pair of Congressmen from California today introduced the Earthquake Mitigation Incentive and Tax Parity Act of 2017 to exclude incentives for residential seismic retrofits from federal taxation. The act was introduced by Reps. Mike Thompson, D-St. Helena, and Paul …

CEA Reports No Claims So Far from Nevada Quake

A swarm of earthquakes in Nevada produced shaking in wide parts of Northern and Central California early this morning, including in Sacramento and Fresno. The first shock, a magnitude 5.7, occurred shortly after midnight southwest of Hawthorne, Nev., roughly 72 …

CEA Using California Quakes as Opportunity to Spread the Word

In the way of a magnitude 6.5 earthquake off the Northern California coast at 6:45 a.m., a hundred miles west of Eureka, and then a few hours later a magnitude 5.0 in the same general area, the California Earthquake Authority …

Let’s Start the New Year Right

This post is part of a series sponsored by California Earthquake Authority. As 2016 comes to a close, many people reflect on what happened during the past year and look ahead to what the new year may bring. Among the …

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 …

Top Things to Review with Your Clients Before 2017

This post is part of a series sponsored by California Earthquake Authority. November marks an ideal time to thank your customers for their business — and conduct a year-end review of their insurance coverages to make sure they are financially …

Earthquake Policy Sales up, and May Continue to Rise Following ShakeOut

It’s still a few days until the annual Great ShakeOut earthquake drills during which people in homes, schools, and organizations practice what to do during earthquakes – the events encourage preparedness and buying policies – but sales of earthquake policies …

Get Ready for the Great ShakeOut

This post is part of a series sponsored by California Earthquake Authority. As the harvest moon rises, there’s no better time to remind your customers to prepare for a major quake. Recent research indicates that high tidal stress that occurs …