California Earthquake Authority News

California Lawmaker to Introduce Bill to Free up Funding for Retrofits

California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the 25th anniversary of …

California OKs $16.3M Rate Reduction for Earthquake Policyholders

California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones …

ShakeOut an Opportunity to Sell Earthquake Policies in California and Beyond

Millions of people are expected to drop, cover and hold on at 10:18 a.m. PST on Thursday, which should be a good opportunity for insurance agents to try and sell some policies, according to the head of the California Earthquake …

Registration Opens For 2019 Seismic Retrofit Grant Program in California

Registration opens today for the 2019 Earthquake Brace + Bolt program, which offers eligible homeowners grants of up to $3,000 for seismic retrofits to strengthen their older houses and make them more resistant to earthquake damage. EBB will offer 2,000 …

Another 2K California Homeowners Eligible for Retrofit Grants

More than 2,000 homeowners will get free money to retrofit their homes to help them better withstand earthquakes, according to the top official at the California Earthquake Authority. The homeowners were on a waiting list for the Earthquake Brace + …

Quake Scenario: More than 1M Bay Area Homes Could Suffer Extensive Damage

More than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward fault, according to a new earthquake scenario developed by the U.S. Geological Survey. The USGS findings, which …

Record Number of Californians Applied for Earthquake Retrofit Grants

The Earthquake Brace + Bolt program closed its latest registration with more than 7,500 California homeowners applying for 2,000 retrofit grants. The EBB, funded primarily by the California Earthquake Authority, closed registration on Friday. The CEA reported the turnout on …

Registration for California Seismic Retrofit Grants Opens

Registration opens today for eligible homeowners to receive grants of up to $3,000 for seismic retrofits of their older homes. Homeowners have until Feb. 23 to apply for a grant from California’s Earthquake Brace + Bolt program. EBB is expanding …

California Earthquake Authority Chief Talks About 1 Million Policies

Glenn Pomeroy, CEO of the California Earthquake Authority, is as enthusiastic of an earthquake policy salesman as you’ll find anywhere. Pomeroy has headed the state’s privately funded, publicly managed seller of earthquake policies for the past 10 years. Since Pomeroy, …

California Earthquake Authority Policy Sales up 5.4% in 2Q from Year Ago

Californians may be getting the idea that they live in earthquake country. That’s the underlying message that can be found in the latest figures out from the California Earthquake Authority. The CEA, a not-for-profit, publicly managed organization, announced on Monday …