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.
The Great Modern Train Robbery: Thieves Steal $200 Million a Year 
Lindsay Clancy Trial Focus Turns to Drugs Prescribed Before She Killed Her 3 Children 
AI’s Volatile Power Demand Is Damaging Its Own Data Centers 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
