The California Earthquake Authority (CEA) announced it is celebrating its five-year anniversary, having recently surpassed the $1 billion milestone for cash reserves. Back in December 1996, the CEA began providing earthquake coverage for residential property owners, condominium owners, mobile home owners and renters across California. The CEA stated it has more than $7.2 billion available to pay claims, including $1 billion in cash reserves should an earthquake hit California.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Florida’s Edison Files for 9.8% Average Residential Rate Drop 
AI-Native Network American Growth Insurance Makes Heller-Kowitz its First Buy 
Allstate Q2 Net Income Jumps 56% on Underwriting From This Issue
