Kroll Bond Rating Agency Affirms California Earthquake Authority LTCR at 'A+'; Outlook Stable (Web Page)
New York (September 14, 2023) KBRA affirms the A+ long-term credit rating (LTCR) for the California Earthquake Authority's (CEA) Series 2022A Revenue Bonds. The Outlook is Stable. Key Credit Considerations The rating on the revenue bonds is based on KBRA's assessment of the CEA's financial strength as an essential earthquake insurance provider in the state of California as well as key structural aspects of the bonds. As of June…
Five-year anniversary of La Habra earthquake is a reminder to get prepared (Web Page)
(SACRAMENTO) Five years ago today, a magnitude 5.1 earthquake struck on the Puente Hills fault in La Habra and produced shaking felt across several Southern California counties. More than a hundred aftershocks followed during the next few days, including a magnitude 4.1 quake just a few miles away. The 2014 La Habra quake delivered a reminder to Southern Californians that even moderate earthquakes can cause damage—in this case, power outages,…
CEA's First-Ever Public Forum/Listening Session is a Hit (Web Page)
CEA was pleased to welcome more than 150 people to its first-ever Public Forum/Listening Session. The online meeting allowed participants to share their thoughts and suggestions as CEA faces a crossroad on how to strike a balance between providing valuable earthquake insurance coverage at a relatively stable rate, while having the financial strength to pay policyholder claims in the wake of a catastrophic event. To allow for broader audience…
Inspection Professionals (IP) (Web Page)
CEA offers policyholders a Hazard Reduction Discount (HRD) if their house was built prior to 1980 and meets certain qualifications identified in the Dwelling Retrofit Verification (DRV) (PDF) form. YOU are the key to helping homeowners provide the DRV form to their insurance agent when applying for the HRD. The DRV provides a checklist for California licensed…
San Francisco Rotarians Learn How to Help Reduce Earthquake Damage (Web Page)
In an ongoing effort to educate Californians on how to strengthen their homes against earthquake damage, CEA seized the opportunity to meet virtually with members of the Rotary Club of San Francisco—and reminded them that earthquakes don’t stop during a pandemic. We shared details about the risk of earthquakes striking the Bay Area, as well as the importance of protecting their homes and making them stronger to help reduce quake related loss…
Northridge earthquake anniversary prompts reminders for California residents (Web Page)
(SACRAMENTO) Today marks the 23rd anniversary of the 1994 Northridge earthquake—the magnitude-6.7 shake that caused widespread damage to freeways, office buildings and homes. The cost to rebuild or repair homes has increased by about 170 percent over the past two decades, and authorities estimate that if the Northridge quake occurred today residential damage in the area could be as high as $79 billion*. “As we commemorate the…
Stakeholder Engagement Sessions (Web Page)
Continuing our commitment to stakeholder engagement and transparency in our earthquake insurance operations, the California Earthquake Authority (CEA) will host a series of stakeholder engagement sessions throughout 2024. These sessions help us gather feedback and suggestions for the benefit of CEA’s Advisory Panel and Governing Board regarding strategic initiatives that will further CEA’s mission and build on our current financial strength and…
Millions of Californians prepare to participate in annual ShakeOut earthquake drill (Web Page)
(SACRAMENTO) Millions of Californians will take an important step toward earthquake safety this Thursday, Oct. 18, at 10:18 a.m. during the 10th annual Great California ShakeOut drill, by practicing how to “Drop, Cover, and Hold On” when the ground shakes. Most Californians live within 30 miles of an active fault. Scientists say there is a 99 percent chance of a magnitude 6.7 or greater earthquake striking our state within the next…
Policyholder Stories (Web Page)
See why these California families have chosen a CEA insurance policy to help them recover financially after a damaging earthquake.
Preparedness Resources (Web Page)
Useful information to help you prepare for an earthquake Visit the websites below to learn more about California earthquakes and how to prepare your family and your home, before the next damaging earthquake strikes. For Your House California Residential Mitigation Program Strengthen Your House Contractors State License Board (CSLB) How do I Find the Right Licensed Contractor? Owner-Builder Risks (DIY) Earthquake Brace +…