CEA Celebrates Five Year Anniversary
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.
Popular Today
- Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance
- Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
- Icahn Money Manager Sues His Bosses and Bausch + Lomb Over Anti-White Bias
- AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir