For Claim Professionals (Web Page)
Claim Professionals Resources Resources to help insurance professionals adjust CEA claims. Online Training Courses If you are interested in learning more about CEA earthquake policies, or how to assess earthquake damage, we make it easy with our online training courses.
Researchers tackle roles for technology in assessing risk for residential earthquake damage (Web Page)
(SACRAMENTO) As part of its commitment to help reduce residential damage caused by earthquakes, the California Earthquake Authority (CEA) featured innovative roles for technology during its second annual research forum this week in Sacramento. The two-day event, titled “Innovation in Earthquake Risk Assessment: How Technology is Changing the Industry,” brought experts from government, academia and industry together for conversations on…
Financial Investment Policies (Web Page)
Permissible Investments By law, California Earthquake Authority (CEA) can only invest in securities eligible under California Government Code § 16430. CEA has adopted investment policies that specify additional guidelines and define minimum criteria for "prime" quality securities and the maturity limits and maximum values each security type can represent. Investment Goals The CEA Investment Policies aim to achieve three main goals, listed here…
CEA Governing Board votes to sponsor and support Resilient Homes Initiative (Web Page)
(SACRAMENTO) The California Earthquake Authority (CEA) Governing Board voted on Friday to formally sponsor and support the enactment of California Senate Bill (SB) 254, introduced by state Senate Majority Leader Bob Hertzberg (D-Van Nuys) in January. Called the Resilient Homes Initiative, this bill would help more Californians prepare for, survive and recover from the next damaging earthquake by restructuring CEA to further strengthen its long-…
Statement from California Earthquake Authority CEO Glenn Pomeroy on today's earthquake near Ridgecrest (Web Page)
(SACRAMENTO) A magnitude 6.4 earthquake struck today near the town of Ridgecrest, in Kern County. It was the strongest earthquake in the region since the 1999 Hector Mine earthquake, and shaking from the main shock and aftershocks was felt throughout Southern California. Damage to local residents is still being evaluated, and our hearts go out to those affected by this earthquake. This event is an important reminder that all of California is…
Earthquake Brace + Bolt surpasses 5,000 retrofits statewide (Web Page)
(SACRAMENTO) The Earthquake Brace + Bolt program (EBB) now has helped more than 5,000 California homeowners to seismically retrofit their older houses with grants of up to $3,000. Because older houses are likely to slide off their foundations during an earthquake, a brace-and-bolt seismic retrofit—bracing cripple walls and bolting the house to the foundation—makes the house more resistant to earthquake damage. The EBB retrofit grants were…
Record number of Californians apply for earthquake retrofit grants (Web Page)
(SACRAMENTO) The Earthquake Brace + Bolt program (EBB), funded primarily by the California Earthquake Authority (CEA), closed its latest registration on Friday with more than 7,500 California homeowners applying for 2,000 retrofit grants. EBB helps lessen the potential for earthquake damage to qualifying older houses by granting up to $3,000 toward a seismic retrofit. “A record number of Californians signed up for EBB this year, and that…
AM Best Revises Issuer Credit Rating Outlook to Stable for California Earthquake Authority (Web Page)
OLDWICK, N.J., February 15, 2024—AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of California Earthquake Authority (CEA) (Sacramento, CA). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect CEA’s balance sheet strength, which AM Best assesses as strong, as well…
California Earthquake Authority named administrator of Wildfire Fund (Web Page)
(SACRAMENTO) The California Catastrophe Response Council, which oversees the Wildfire Fund, has formally named the California Earthquake Authority (CEA) the fund’s administrator. The Wildfire Fund was established by the California Legislature, under Assembly Bill 1054 and Assembly Bill 111, and was signed into law by Gov. Gavin Newsom on July 12, 2019. At that time, CEA was designated the fund’s interim administrator until the nine-…
The Gonzalezes (Video)
Tricia and Brian Gonzalez discuss raising their family in historic Niles, California. They have earthquake insurance because they know Bay Area risk is high, and they want to protect their family, their lifestyle, and their future.