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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

 

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. ...

July 08, 2010 | Yesterday's earthquake in Borrego Springs delivers preparedness reminder; California Earthquake Authority (CEA) offers strength to rebuild

Though the California Earthquake Authority (CEA) estimates that only 21,865 of its policyholders in the immediate area may have felt shaking from yesterday's 5.4-magnitude quake near Borrego Springs, the event serves as yet another reminder to make earthquake preparedness a top priority in California.

April 05, 2010 | California Earthquake Authority (CEA) ready to pay claims for residential damage for Baja earthquake

The California Earthquake Authority (CEA) estimates that about 100,000 of its policyholders in the Southern California area may have felt shaking from Sunday's 7.2-magnitude quake in Baja, California. El Centro and Calexico are the largest cities that may have experienced the greatest shaking. ...

March 10, 2010 | Congress hears request to reduce costs of earthquake insurance

California Earthquake Authority CEO Glenn Pomeroy testified today before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), which would allow the CEA to lower its earthquake insurance rates and policy deductibles. The subcommittees met jointly to examine this legislation. …

March 05, 2010 | CEA Statement on Moody's Rating Affirmation and Outlook Change

The California Earthquake Authority (CEA) today commented on an announcement by Moody’s Investors Service concerning CEA’s bonds. …
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