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.
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
