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. …
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. …
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. …
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. …
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. …
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. …