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We Provide Earthquake Insurance for Californians

Press Releases

Media Contacts

For information about CEA press releases, please contact:

Media Relations Manager Sarah Sol 
Email: ssol@calquake.com
Office: (916) 661-5502
Cell: (916) 425-1225
Chief Communications Officer Chris Nance
Email: cnance@calquake.com
Office: (916) 661-5521
Cell: (916) 799-5558

 

February 01, 2013 | California Earthquake Authority & Red Cross "Get Prepared, California!" Campaign Receives National Recognition

PR News Corporate Social Responsibility (CSR) Awards gave national recognition to the California Earthquake Authority (CEA) and American Red Cross (Red Cross) for their "Get Prepared, California!" campaign.

September 12, 2012 | CEA and Red Cross introduce Traveling Red Table™ to promote ShakeOut registration

The Traveling Red Table™ today opened a statewide tour to promote participation in The Great California ShakeOut™ earthquake drill on October 18 at 10:18 a.m. This symbol and tour was created by the California Earthquake Authority (CEA) and American Red Cross (Red Cross) to highlight the Seven Steps to Earthquake Safety, with emphasis on ShakeOut™ registration to practice the fifth step – how to “Drop, Cover, and Hold On” when the ground shakes. …

July 02, 2012 | CEA to offer more earthquake-insurance choices for Californians seeking to protect their homes and personal finances

Starting July 1, 2012, the California Earthquake Authority (CEA) will offer its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability to select (or decline) coverage of their personal property––for homeowners, the personal property coverage will be more accessible through a new deductible structure. …

June 21, 2012 | California Earthquake Authority's Innovative Financial Transactions Receive International Recognition

At the fourth annual Trading Risk Awards ceremony in London, the California Earthquake Authority (CEA) was honored for excellence in innovative financial transactions. Acknowledging the CEA’s original approach to financing its insurance risk, an independent panel of industry experts awarded the CEA the award for Sponsor of the Year. The Sponsor of the Year award honors ongoing insurance-linked securities issuance and adoption of new trading-risk technology, or a newcomer to the market that has researched the sector and sponsored an innovative deal. …

May 10, 2012 | Get Prepared California Online Auction Raises More Than $180,000 for American Red Cross Disaster Readiness and Relief Efforts in California

Just two months after joining forces to increase earthquake preparedness in California, the alliance between the California Earthquake Authority (CEA) and the American Red Cross (Red Cross) already is exceeding expectations. The alliance’s statewide online auction in April raised $180,000 for Red Cross preparedness efforts and response programs in California. …

April 04, 2012 | California Earthquake Authority and American Red Cross Join Forces to Get Californians Prepared with Support of Online Auction

The California Earthquake Authority (CEA) and the American Red Cross have joined forces to help more people prepare to survive and recover from California’s next damaging earthquake, and to support a unique online auction that benefits local Red Cross preparedness and response programs. …

February 07, 2012 | California Earthquake Authority strengthens CAT Bond Program with completion of second reinsurance deal

The California Earthquake Authority (CEA) today successfully completed its second transaction as part of its ongoing program focused on obtaining reinsurance funded from the capital markets through an earthquake catastrophe bond issued by a reinsurer. This $150 million, three year deal completes another step for CEA toward establishing standardized earthquake CAT bonds as a significant ongoing source of risk transfer. …

August 23, 2011 | East Coast Jolt Is Wake-Up Call For Congress To Act on Quake Insurance Affordability

With shaking from an earthquake in Virginia felt as far away as New York, Illinois and Georgia, on the heels of a 5.3 magnitude earthquake in Colorado yesterday, federal decision makers in the U.S. Capitol today received a reminder that prioritization for earthquake preparedness is not just for the Western states. …

July 27, 2011 | California Earthquake Authority Completes Landmark Deal, Pioneering New Way to Manage and Diversify Financial Risk Posed by Natural Disasters

The California Earthquake Authority (CEA) today said it has completed a first-of-its-kind transaction that opens a more direct path to transfer the financial risk posed by earthquakes. The transaction allows CEA to obtain reinsurance from the capital markets rather than solely from reinsurers. The initial $150 million, three-year deal – the first earthquake-only catastrophe bond issued without involvement of traditional reinsurers – is intended to be a benchmark establishing a more efficient, lower-cost market for similar follow-on deals by CEA, while expanding the sources and amount of claim-paying capacity available to the CEA. …

March 11, 2011 | Lessons for Californians from the Earthquake in Japan

The tragic tsunamis and Magnitude 8.9 earthquake that have struck Japan – the 5th largest quake in the world since 1900 – are a stark reminder: earthquakes can happen any time and it’s essential to prepare, not just for the quake but for what happens after. ...
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