The California Earthquake Authority (CEA) announced it is celebrating its five-year anniversary, having recently surpassed the $1 billion milestone for cash reserves. Back in December 1996, the CEA began providing earthquake coverage for residential property owners, condominium owners, mobile home owners and renters across California. The CEA stated it has more than $7.2 billion available to pay claims, including $1 billion in cash reserves should an earthquake hit California.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
California AG Opposing Oil Pipeline Special Permit to Waive Safety Regulation 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies From This Issue
