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.
New York Law Confirms Insurer Liability for Bad Faith Includes Third-Party Claims 
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
US Tracking Cyber Threats Against Nearly 20 Ships Worldwide 
Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run From This Issue
