The California Earthquake Authority (CEA), established in September 1996 by the California Legislature following the Northridge Earthquake, is a privately financed, publicly managed entity based in Sacramento, California.[1]
It specializes in providing earthquake insurance to homeowners, mobile-home owners, condo unit owners, and renters throughout California. Policies are offered through participating insurance companies, rather than directly from the CEA. The range of coverage provided by the CEA includes dwelling, personal property, and additional living expenses, along with unique options such as the Homeowners Choice policy.[2]
In 2019, the CEA controlled 67% of California's market for residential earthquake insurance. Despite this significant market share, only 14% of all residential insurance policyholders in the state had earthquake coverage. This percentage includes various types of dwellings, with homeowners and condo owners at approximately 16%, renters at 14%, and mobile home owners at 20%.[3]
This section needs expansion. You can help by adding to it. (December 2019)
Referencesedit
^"Fitch affirms California Earthquake Authority at 'A'". Reuters. 2012-11-01.
california, earthquake, authority, established, september, 1996, california, legislature, following, northridge, earthquake, privately, financed, publicly, managed, entity, based, sacramento, california, company, typeprivateindustryearthquake, insurancefounded. The California Earthquake Authority CEA established in September 1996 by the California Legislature following the Northridge Earthquake is a privately financed publicly managed entity based in Sacramento California 1 California Earthquake AuthorityCompany typePrivateIndustryEarthquake insuranceFoundedSeptember 1996HeadquartersSacramento CaliforniaWebsitehttps www earthquakeauthority com It specializes in providing earthquake insurance to homeowners mobile home owners condo unit owners and renters throughout California Policies are offered through participating insurance companies rather than directly from the CEA The range of coverage provided by the CEA includes dwelling personal property and additional living expenses along with unique options such as the Homeowners Choice policy 2 In 2019 the CEA controlled 67 of California s market for residential earthquake insurance Despite this significant market share only 14 of all residential insurance policyholders in the state had earthquake coverage This percentage includes various types of dwellings with homeowners and condo owners at approximately 16 renters at 14 and mobile home owners at 20 3 This section needs expansion You can help by adding to it December 2019 References edit Fitch affirms California Earthquake Authority at A Reuters 2012 11 01 Earthquake Insurance www insurance ca gov Retrieved 2024 01 23 Who Is The California Earthquake Authority Forbes Advisor www forbes com Retrieved 2024 01 23 External links editCalifornia Earthquake Authority website nbsp This article on an insurance company is a stub You can help Wikipedia by expanding it vte nbsp nbsp This article about a financial services corporation of the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title California Earthquake Authority amp oldid 1198693769, wikipedia, wiki, book, books, library,
