Media representatives may send inquiries or interview requests to media@calquake.com or call (279) 203-5998. CEA can accommodate requests in English and Spanish.
AM Best Revises Issuer Credit Rating Outlook to Stable for California Earthquake Authority
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).
California Earthquake Authority’s Governing Board Announces Leadership Change
The Governing Board of the California Earthquake Authority (CEA) has announced that Tom Welsh, CEA’s Chief Legal and Compliance Officer, has been appointed as Interim Chief Executive Officer. Tom Welsh assumes the Interim CEO role following Glenn Pomeroy’s decision to step down as CEO following 16 years of service.
加州地震局理事會宣布領導人變動
加州地震局（CEA）理事會宣布：CEA的首席法律與合規官員Tom Welsh被任命爲臨時首席執行官（CEO）。任職16年後，Glenn Pomeroy决定不再擔任CEO一職，幷由Tom Welsh 臨時接任。
La junta directiva de California Earthquake Authority anuncia cambio de liderazgo
La Junta Directiva de California Earthquake Authority (CEA) ha anunciado que Tom Welsh, Director Legal y de Cumplimiento de CEA, ha sido nombrado Director Ejecutivo Interino. Tom Welsh asume el cargo de Director Ejecutivo Interino tras la decisión de Glenn Pomeroy de dejar el cargo de Director Ejecutivo tras 16 años de servicio.
Earthquake Brace + Bolt Grants Now Available To More Eligible California Homeowners
Thousands of California homeowners are now eligible to apply for Earthquake Brace + Bolt (EBB) seismic retrofit grants as approximately 300 new ZIP Codes have been added to the program. Starting today, January 10 and continuing until February 21st, eligible homeowners in 815 ZIP Codes can apply for $3,000 seismic retrofit grants to help strengthen their homes against earthquake damage.
Kroll Bond Rating Agency Affirms California Earthquake Authority LTCR at 'A+'; Outlook Stable
KBRA press release
Grant Funding Available For Humboldt County Homeowners To Safeguard Their Homes Against Earthquake Damage
The Earthquake Brace + Bolt Program is offering a total of $2 million in grants to eligible area homeowners for seismic retrofits to their homes after damaging earthquakes in Ferndale, Rio Dell and other parts of Humboldt County.
Applications Now Being Accepted for Soft-Story Retrofit Grants
Starting today and continuing through May 31, 2023, qualified homeowners in San Francisco, Oakland, Berkeley, Los Angeles, and Pasadena can apply for a seismic retrofit grant of up to $13,000 to strengthen their soft-story homes against earthquake damage.
Fitch Affirms California Earthquake Authority's IDR at 'A-'; Outlook Stable
Fitch Ratings press release
Californians "Get Ready to ShakeOut" this Thursday, October 20!
Participants will Drop, Cover, and Hold On, and other earthquake safety actions.
Fitch Downgrades California Earthquake Authority's Ratings; Outlook Stable
Fitch Ratings press release
$5 Million in Grants to Help California Homeowners Prepare for “The Big One” Plus an Additional $1 Million to Help Low-Income Homeowners
Earthquake Brace + Bolt, Governor's Office of Emergency Services, and California Earthquake Authority press release
Californians "Get Ready to ShakeOut" this Thursday, October 21!
Earthquake Country Alliance press release
Fitch Affirms California Earthquake Authority's Ratings; Assigns 'F1+' to ST Revs
Fitch Ratings press release
California Earthquake Authority applauds introduction of federal tax-parity legislation for disaster-mitigation incentives
The California Earthquake Authority (CEA) applauds the introduction today of legislation led by members of California’s congressional delegation, which would exclude from federal taxation disaster-mitigation grants from an entity established by a state, such as the $3,000 grants CEA provides California homeowners through the Earthquake Brace + Bolt (EBB) program. ...
More Than 15,000 California Homes Protected from Catastrophic Earthquake Damage with Seismic Retrofit Program
Earthquake Brace + Bolt and California Earthquake Authority press release
California’s Seismic Risks Remain 50 Years After Sylmar Quake
Insurance Information Institute press release
FEMA Issues $1.2M Installment to California for Earthquake Protection
Federal Emergency Management Agency press release
State Treasurer Fiona Ma Announces $300 Million California Earthquake Authority Bond Sale
California State Treasurer press release
Fitch Affirms California Earthquake Authority's IDR at 'A'; Outlook Stable
Fitch Ratings press release
KBRA Assigns Rating to California Earthquake Authority Revenue Bonds Series 2020B
Kroll Bond Rating Agency press release
More than 6.1 million Californians will practice "Drop, Cover, and Hold On" through ShakeOut this Thursday, October 15
Earthquake Country Alliance press release
FEMA Issues $2.7M Installment to California for Earthquake Protection
Federal Emergency Management Agency press release
General Contracting Opportunities Remain Abundant For Earthquake Retrofit Jobs In California Despite Global Pandemic
Earthquake Brace + Bolt press release
New publication guides assessment, repair of residential earthquake damage
Updated guidelines for identifying, evaluating and repairing residential earthquake damage were unveiled today at the California Earthquake Authority’s (CEA’s) annual claim manager meeting. ...
California Earthquake Authority named administrator of Wildfire Fund
The California Catastrophe Response Council, which oversees the Wildfire Fund, has formally named the California Earthquake Authority (CEA) the fund’s administrator. ...
'Be Earthquake Aware and Prepared, Not Scared', a key takeaway as 2020 National Earthquake Conference Concludes
Federal Alliance for Safe Homes press release
More Than 10,000 Vulnerable Homes in California Successfully Retrofitted to Help Reduce Damage from Future Earthquakes
Joint Earthquake Brace + Bolt and California Earthquake Authority press release
Sold-Out 2020 National Earthquake Conference Kicks Off March 4 in San Diego
Federal Alliance for Safe Homes press release
Fitch Assigns 'F1+' Rating to California Earthquake Authority's Rev Bond
Fitch Ratings press release
State Officials Announce $13.2 Million Available to Help California Homeowners Prepare for 'the Big One'
Earthquake Brace + Bolt press release
FEMA Grants $20M to California to Increase Earthquake Protection
Federal Emergency Management Agency press release
Standard plan sets will reduce home seismic retrofitting costs in California
A joint project of the California Earthquake Authority (CEA) and the Federal Emergency Management Agency (FEMA) makes it easier and less expensive to protect certain types of homes from earthquakes. ...
FEMA Grants $1.2M to CEA to Increase Earthquake Protection
Federal Emergency Management Agency press release
Fitch Affirms California Earthquake Authority's IDR at 'A'; Outlook Stable
Fitch Ratings press release
World’s largest earthquake drill on 30th anniversary of Loma Prieta quake
Millions of Californians will practice how to “Drop, Cover, and Hold On” when the ground shakes during the Great California ShakeOut on Thursday, Oct. 17, at 10:17 a.m. ...
CEA research forum focuses on modern data-collection methods after earthquakes to help California improve building safety faster
Experts from academic, government and private organizations met at the California Earthquake Authority’s (CEA’s) third annual research forum yesterday to discuss how best to collect information about earthquakes and the damage they cause, so that findings can be used to improve building safety faster. ...
Ridgecrest earthquakes generate spike in CEA earthquake insurance purchases
The California Earthquake Authority (CEA) gained 23,861 earthquake insurance policies in July, the second-largest monthly net increase in CEA’s 23-year history. ...
CEA Governing Board expands policyholder eligibility for seismic retrofit grants
The California Earthquake Authority (CEA) Governing Board voted unanimously to offer up to a $3,000 retrofit grant, to approximately 30,000 CEA policyholders as part of CEA’s existing Brace + Bolt program. ...
Insurance Commissioner Ricardo Lara to send notice to insurers regarding earthquake insurance misinformation
California Department of Insurance press release
Statement from California Earthquake Authority CEO Glenn Pomeroy on today's earthquake near Ridgecrest
A magnitude 6.4 earthquake struck today near the town of Ridgecrest, in Kern County. ...
CEA raises nearly $176K through annual Get Prepared, California! Auction for disaster-preparedness and relief efforts in California
The eighth annual Get Prepared, California! Auction—sponsored by the California Earthquake Authority (CEA) and coordinated by iHeartMedia, Inc.—raised $175,882 in 2019. Auction proceeds will be dedicated to American Red Cross disaster-preparedness and relief efforts in California. ...
CEA Governing Board votes to sponsor and support Resilient Homes Initiative
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. ...
Annual Get Prepared, California! Auction is now open
Bidding for the annual Get Prepared, California! Auction has begun. ...
Thompson, Calvert, Harris and Feinstein Reintroduce Earthquake Mitigation Legislation
Rep. Mike Thompson (CA-05) press release
Five-year anniversary of La Habra earthquake is a reminder to get prepared
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. ...
Northridge earthquake remembered as one of costliest natural disasters in U.S. history
Next week marks the 25th anniversary of one of the costliest natural disasters in U.S. history, the magnitude 6.7 earthquake that struck on Jan. 17, 1994, in an urban area just 20 miles northwest of Los Angeles. ...
Commissioner approves rate reduction to save earthquake policyholders more than $16 million
California Department of Insurance press release
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
Shawna Ackerman Becomes President Of The American Academy Of Actuaries
American Academy of Actuaries press release
More than 10 Million Californians to Participate in ShakeOut, the World's Largest Earthquake Drill
Earthquake Country Alliance press release
Millions of Californians prepare to participate in annual ShakeOut earthquake drill
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. ...
Moody's affirms California Earthquake Authority's A3 revenue bonds; stable outlook
Moody's Corp. press release
Earthquake Brace + Bolt surpasses 5,000 retrofits statewide
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. ...
Get Prepared, California! annual auction raises $176K to benefit American Red Cross
The seventh annual Get Prepared, California! Auction—sponsored by the California Earthquake Authority (CEA) and coordinated by iHeartMedia—has raised $175,978 ...
Coalinga earthquake anniversary reminds Central Valley Californians that a ‘Big One’ could strike at any time
Today marks the 35th anniversary of the 1983 magnitude 6.7 Coalinga earthquake, which injured 94 people and caused millions of dollars in property damage. ...
Earthquake scenario reveals extensive damage to Bay Area homes
A new earthquake scenario developed by the U.S. Geological Survey (USGS), with contributions from partners, including the California Earthquake Authority (CEA), reveals that more than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward Fault. ...
Annual Get Prepared, California! Auction opens April 2
The annual Get Prepared, California! Auction, sponsored by the California Earthquake Authority (CEA) and coordinated by iHeartMedia, opened bidding today for dozens of one-of-a-kind concert, travel, sports and entertainment experiences.
Long Beach earthquake anniversary brings reminder of earthquake risk in California
Saturday marks the 85th anniversary of the 1933 Long Beach earthquake, a magnitude 6.4 quake that caused 120 deaths and massive damage equivalent to nearly $1 billion today. ...
Record number of Californians apply for earthquake retrofit grants
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. ...
Researchers tackle roles for technology in assessing risk for residential earthquake damage
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. ...
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
California Earthquake Authority surpasses 1 million policies
The California Earthquake Authority (CEA) announced at its quarterly Governing Board meeting that, as of today, CEA insures more than 1 million residences across California. ...
Great California ShakeOut helps Californians prepare for the state’s next earthquake
In the past two months, Californians have seen news of one deadly natural disaster after another—five hurricanes in the Atlantic, two earthquakes in Mexico, multiple massive fires in California and the devastation these catastrophes can cause. ...
Millions of California Residents to Participate in ShakeOut, the World's Largest Earthquake Drill
Earthquake Country Alliance press release
Anniversary of 1987 Whittier Narrows earthquake offers reminder to Californians to reduce their risk of loss from earthquakes
(SACRAMENTO) Sunday marks the 30th anniversary of the 1987 magnitude-5.9 Whittier Narrows earthquake—reported to have caused $358 million in property damage (equivalent to about $760 million today).* ...
National Preparedness Month is an opportunity to plan for damaging earthquakes
National Preparedness Month each September provides an opportunity to act on the frequent advice of scientists, community leaders and emergency managers: Get informed about the different types of emergencies that could happen in your area and take steps to prepare for them. ...
California Earthquake Authority continues to see strong interest in earthquake insurance
The California Earthquake Authority (CEA) ended its second quarter of 2017 with more than 950,000 policies in force—continuing a trend of increased earthquake insurance sales that began in 2016. ...
Anniversary of 1952 earthquake reminds Californians to prepare for the unexpected
Today marks the 65th anniversary of the 1952 magnitude-7.5 Kern County earthquake—the largest earthquake to strike Southern California since the 1870s. ...
U.S. International Media Selected as Agency of Record by California Earthquake Authority
U.S. International Media press release
California Earthquake Authority-sponsored auction, coordinated by iHeartMedia, surpasses $1 million raised to benefit American Red Cross in California
The sixth annual Get Prepared, California! Auction, sponsored by the California Earthquake Authority (CEA) and coordinated by iHeartMedia, raised more than $171,000 this year for American Red Cross disaster-preparedness and relief efforts in California. ...
California Earthquake Authority creates online tool to evaluate a house’s vulnerability to earthquake damage
The California Earthquake Authority (CEA) has created a free online tool—called QuakeGrade™—to help home inspection specialists evaluate a house’s vulnerability to earthquake damage. ...
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
California Earthquake Authority-sponsored auction, coordinated by iHeartMedia, opens today to raise funds for the American Red Cross in California
For the sixth year, the California Earthquake Authority (CEA) and iHeartMedia are collaborating on a star-studded auction to raise money for American Red Cross disaster-preparedness and relief efforts in California. ...
Thompson, Cook Introduce Tax Incentives to Help Homeowners Prepare for Earthquakes
Rep. Mike Thompson (CA-5) press release
Napa research findings reveal many homeowners lack understanding of seismic retrofitting, earthquake insurance options
Results of a study offering insight into the 2014 South Napa earthquake’s impact on houses in the city of Napa were presented at a research forum hosted by the California Earthquake Authority (CEA) in Sacramento today. ...
Homeowner Registration Opens for 2017 Earthquake Brace + Bolt Program: More Cities, More Homeowners, More Money
Earthquake Brace + Bolt press release
Northridge earthquake anniversary prompts reminders for California residents
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. ...
Statement from California Earthquake Authority CEO Glenn Pomeroy on This Morning's Earthquakes Near Hawthorne, Nevada
A swarm of earthquakes in Nevada produced shaking in wide parts of Northern and Central California early this morning, including in Sacramento and Fresno. ...
Statement from California Earthquake Authority CEO Glenn Pomeroy on Today's Earthquakes off the Coast of Northern California
This morning we woke up to news of a magnitude-6.5 earthquake off the Northern California coast, a hundred miles west of Eureka. Then a couple of hours later, a magnitude-5.0 hit the same general area. …
California Earthquake Authority Marks 20 Years of Operation
The California Earthquake Authority (CEA), the country’s leading provider of residential earthquake insurance, celebrates its 20th anniversary this week. ...
California Earthquake Authority Encourages Participation in Annual ShakeOut Drill, Notes Earthquake Activity and Risks Throughout the State
On the anniversary of the 1989 Loma Prieta earthquake in the Bay Area, and in a month when Southern Californians learned of a significant new fault in their backyard, the California Earthquake Authority (CEA) reminds Californians that no part of the state is without earthquake risk and invites everyone to get better prepared by joining the Great California ShakeOut drill. ...
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
California Earthquake Authority Sees Surge in New Policies Purchased
The California Earthquake Authority (CEA), the not-for-profit provider of more than 76 percent of California’s residential earthquake insurance policies, has seen a significant increase in the purchase of CEA policies so far in 2016. …
Six Tips To Help Seniors Prepare For A Disaster; September Is National Disaster Preparedness Month
Insurance Information Institute press release
Nation Prepares in September and Gets Ready to ShakeOut
Great ShakeOut Earthquake Drills press release
Earthquakes In Italy And Myanmar Are A Startling Reminder That Temblors Can Happen Anywhere, Including In The United States
Insurance Information Institute press release
Earthquake Scientists, Insurance Experts, and Government Officials Plan for the Bay Area's Seismic Future
Earthquake Country Alliance press release
CEA Chief Mitigation Officer Named to 2016 List of Elite Women by Insurance Business America Magazine
California Earthquake Authority (CEA) Chief Mitigation Officer Janiele Maffei has been honored as one of Insurance Business America's "Elite Women" for 2016. …
California Earthquake Authority Receives 2016 SAMMY Award
Insurance Marketing & Communications Association press release
Rep. Thompson Introduces Legislation to Encourage Earthquake-Ready Homes
Rep. Mike Thompson (CA-5) press release
California Earthquake Authority Selects Insuresoft to Process Its Residential Policies
Insuresoft press release
iHeartMedia’s 2016 Get Prepared, California! Auction, Sponsored by California Earthquake Authority, Raises More Than $174,000 for American Red Cross
The annual Get Prepared, California! AuctionSM to support American Red Cross disaster-preparedness programs in California — a collaboration between the California Earthquake Authority (CEA) and iHeartMedia — raised more than $174,000, which brings the total amount raised by the auction in the past five years to nearly $890,000. …
CEA is financially strong—would pay all covered claims if San Francisco 1906 Earthquake reoccurred today
If the magnitude-7.9 San Francisco 1906 Earthquake reoccurred today—with strong shaking felt by more than 2 million single-family households from Eureka to Salinas—the California Earthquake Authority (CEA) estimates it would pay about $7 billion* in covered residential claims for resulting structure damage alone. ...
iHeartMedia’s All-Star Auction, Sponsored by California Earthquake Authority, Benefits American Red Cross
The fifth annual star-studded Get Prepared, California! AuctionSM, which promotes earthquake preparedness and supports the American Red Cross, is now open. ...
Rep. Mike Thompson Urges Napa Residents to Apply for Earthquake Retrofit Grants
Rep. Mike Thompson (CA-5) press release
Napa EBB Offers $3,000 Grants to Strengthen Napa Homes Against Earthquakes
Earthquake Brace + Bolt press release
EBB Opens Registration for $3,000 Grants to Strengthen Older California Homes Against Earthquakes
Earthquake Brace + Bolt press release
CEA Unveils Lower Rates, More Policy Options and Bigger Discounts For Earthquake Insurance
Earthquake insurance in California is about to become more flexible and more affordable, with changes that go into effect on January 1, 2016, for policies provided by the California Earthquake Authority (CEA). CEA is a not-for-profit earthquake insurance provider and writes 75 percent of the residential earthquake-insurance policies in California. …
Homeowners encouraged to apply for funds to brace and bolt their homes
Earthquake Brace + Bolt press release
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
Prepare for the Next ‘Big One’ – Take Part in the Great ShakeOut™!
The California Earthquake Authority (CEA) will join millions of Californians in practicing how to drop, cover, and hold on during the annual Great California ShakeOut™ earthquake preparedness drill on Thursday, Oct. 15 at 10:15 a.m. …
A Year After South Napa Earthquake, Damage Proves Widespread and Costly
The California Earthquake Authority (CEA) today announced preliminary findings of research on how the 6.0-magnitude earthquake that struck Napa one year ago today affected single-family homes. Although a 6.0 magnitude earthquake is not considered a major earthquake, the damage was widespread and has proved costly to homeowners. ...
"San Andreas" Movie Can Play Starring Role in Helping Californians Be Better Prepared for Real Earthquakes
The CEA believes this summer’s blockbuster movie "San Andreas", with its cutting-edge special effects and big-name Hollywood stars, can also play a starring role in convincing Californians to be better prepared for real earthquakes. …
Fitch Affirms California Earthquake Authority's Ratings at 'A'; Outlook Stable
Fitch Ratings press release
2015 Get Prepared, California! Auction Is Most Successful Yet
The California Earthquake Authority’s Get Prepared, California! AuctionSM raised a record-setting $190,000 this year to support American Red Cross disaster-preparedness programs in California. Over the past four years the auction has raised $715,000, all to benefit the Red Cross. …
California Earthquake Authority reduces rates and expands policy features
Insurance Commissioner Dave Jones has approved a statewide average rate reduction of 10 percent for earthquake insurance policies issued by the California Earthquake Authority (CEA), effective January 1, 2016. …
Fourth Annual Star-Studded Auction to Support American Red Cross
Opening today is the fourth annual star-studded Get Prepared, California! AuctionSM to promote earthquake preparedness and support the American Red Cross. ...
What CEA Has to Say About New Earthquake Research Results
Today, the U.S. Geological Survey (USGS) released a new long-term earthquake forecast for California called "UCERF3." ...
CEA Surveys Napa Homeowners about Recent Earthquake Damage—City of Napa Encourages Participation
Today the California Earthquake Authority (CEA), in cooperation with the City of Napa, will begin to survey homeowners to better understand how single-family houses fared during the August 24 South Napa earthquake. The research data obtained from the voluntary responses of survey participants will help paint a picture of how houses performed and provide insight into effective retrofit techniques to be shared statewide. …
California Earthquake Authority Proposes to Expand Coverages and Decrease Rates
The not-for-profit California Earthquake Authority (CEA), which provides about 75 percent of the residential earthquake insurance in California, today proposed more policy enhancements and an average 8 percent decrease in rates. …
Governor Signs New Legislation that Changes the Way Californians Learn About Home Earthquake Insurance
Gov. Jerry Brown signed Assembly Bill 2064 today, which will change the way Californians learn about earthquake insurance for their homes. ...
CEA policyholders already submitting claims for damage to homes from American Canyon Earthquake
The California Earthquake Authority (CEA) estimates that about 15,000 of its policyholders may have experienced moderate to strong shaking from the M6 American Canyon earthquake that struck near Napa, Calif. this morning at 3:20 a.m. …
CEA reports increase in earthquake insurance policy sales
CEA earthquake insurance policy sales jumped following the March 29, 2014, magnitude-5.1 La Habra earthquake in Southern California by nearly as much as the increase in CEA policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan. ...
Half-Million-Dollar Milestone Reached in Annual Get Prepared, California! Auction
To date, $524,000 has been raised to benefit the American Red Cross through the California Earthquake Authority's Get Prepared, California! Auction. During its third year, the Auction raised nearly $184,000. All Auction proceeds will go to support Red Cross disaster preparedness programs in California. …
New CEA campaign gets Californians ready to rock!
The California Earthquake Authority (CEA) this month has launched a statewide advertising campaign that plays on a double entendre – California rocks as a cool place to live, yet it rocks with earthquakes, too. …
CEA policyholders file claims, receive payments for damage from La Habra earthquake
California Department of Insurance/CEA press release
CEA Ready for Policyholders Shaken by Recent Southern California Earthquake
The California Earthquake Authority (CEA) estimates that approximately 23,000 of its policyholders experienced moderate to strong shaking from the M5.1 earthquake that struck near La Habra, California last night. ...
More Californians risk financial catastrophe 20 years after Northridge earthquake
After the Northridge earthquake in January 1994, one of the costliest natural disasters in U.S. history, fully half the residential loss—$10 billion of $20 billion—was covered by insurance. If the Northridge earthquake reoccurred today, less than a quarter of the residential loss would be insured— only $6 billion of $26 billion—and that would support recovery for many fewer households. …
Join More than 18 Million People in the Great ShakeOut
Tomorrow at 10:17 a.m. the California Earthquake Authority (CEA) will join more than 18 million people for the Great ShakeOut, the largest earthquake drill in the world. ...
NHRA drag racer John Force signs Traveling Red Table™
The Traveling Red Table™ visited the NHRA Sonoma Nationals today to promote earthquake preparedness through participation in The Great California ShakeOut™ earthquake drill on October 17 at 10:17 a.m. NHRA drag racer John Force has joined numerous other celebrities who have signed the top of the Traveling Red Table™ after practicing how to drop, cover, and hold on beneath it when the ground shakes. …
CEA Ready for Policyholders Shaken by Recent Northern California Earthquake
The California Earthquake Authority (CEA) estimates that 220 of its policyholders' homes experienced light to moderate shaking from the M5.7 earthquake that struck near Greenville, California, last night, with the potential for light damage. …
CEA Executive-Management Team to Add Chief Information Officer
The California Earthquake Authority (CEA) announced today the hiring of Todd Coombes, a business-technology executive with more than 25 years of leadership in insurance and other industries, as the CEA's first Chief Information Officer (CIO). …
Second Annual Get Prepared, California! Auction Raises $160,000
The joined forces of the California Earthquake Authority (CEA) and American Red Cross (Red Cross) have raised $160,000 through the second annual Get Prepared, California! online auction. All auction proceeds are dedicated to supporting the Red Cross disaster-preparedness programs in California. …
Annual Star-Studded Auction to Support American Red Cross Offers Exclusive Items
Opening this week is the annual Get Prepared, California! auction to promote earthquake preparedness and to support the American Red Cross. The online auction runs through April 26, with many once-in-a-lifetime items available for bidding at www.GetPreparedCalifornia.org. …
California Earthquake Authority & Red Cross "Get Prepared, California!" Campaign Receives National Recognition
PR News Corporate Social Responsibility (CSR) Awards gave national recognition to the California Earthquake Authority (CEA) and American Red Cross (Red Cross) for their "Get Prepared, California!" campaign.
CEA and Red Cross introduce Traveling Red Table™ to promote ShakeOut registration
The Traveling Red Table™ today opened a statewide tour to promote participation in The Great California ShakeOut™ earthquake drill on October 18 at 10:18 a.m. This symbol and tour was created by the California Earthquake Authority (CEA) and American Red Cross (Red Cross) to highlight the Seven Steps to Earthquake Safety, with emphasis on ShakeOut™ registration to practice the fifth step – how to “Drop, Cover, and Hold On” when the ground shakes. …
CEA to offer more earthquake-insurance choices for Californians seeking to protect their homes and personal finances
Starting July 1, 2012, the California Earthquake Authority (CEA) will offer its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability to select (or decline) coverage of their personal property––for homeowners, the personal property coverage will be more accessible through a new deductible structure. …
California Earthquake Authority's Innovative Financial Transactions Receive International Recognition
At the fourth annual Trading Risk Awards ceremony in London, the California Earthquake Authority (CEA) was honored for excellence in innovative financial transactions. Acknowledging the CEA’s original approach to financing its insurance risk, an independent panel of industry experts awarded the CEA the award for Sponsor of the Year. The Sponsor of the Year award honors ongoing insurance-linked securities issuance and adoption of new trading-risk technology, or a newcomer to the market that has researched the sector and sponsored an innovative deal. …
Get Prepared California Online Auction Raises More Than $180,000 for American Red Cross Disaster Readiness and Relief Efforts in California
Just two months after joining forces to increase earthquake preparedness in California, the alliance between the California Earthquake Authority (CEA) and the American Red Cross (Red Cross) already is exceeding expectations. The alliance’s statewide online auction in April raised $180,000 for Red Cross preparedness efforts and response programs in California. …
California Earthquake Authority and American Red Cross Join Forces to Get Californians Prepared with Support of Online Auction
The California Earthquake Authority (CEA) and the American Red Cross have joined forces to help more people prepare to survive and recover from California’s next damaging earthquake, and to support a unique online auction that benefits local Red Cross preparedness and response programs. …
California Earthquake Authority strengthens CAT Bond Program with completion of second reinsurance deal
The California Earthquake Authority (CEA) today successfully completed its second transaction as part of its ongoing program focused on obtaining reinsurance funded from the capital markets through an earthquake catastrophe bond issued by a reinsurer. This $150 million, three year deal completes another step for CEA toward establishing standardized earthquake CAT bonds as a significant ongoing source of risk transfer. …
East Coast Jolt Is Wake-Up Call For Congress To Act on Quake Insurance Affordability
With shaking from an earthquake in Virginia felt as far away as New York, Illinois and Georgia, on the heels of a 5.3 magnitude earthquake in Colorado yesterday, federal decision makers in the U.S. Capitol today received a reminder that prioritization for earthquake preparedness is not just for the Western states. …
California Earthquake Authority Completes Landmark Deal, Pioneering New Way to Manage and Diversify Financial Risk Posed by Natural Disasters
The California Earthquake Authority (CEA) today said it has completed a first-of-its-kind transaction that opens a more direct path to transfer the financial risk posed by earthquakes. The transaction allows CEA to obtain reinsurance from the capital markets rather than solely from reinsurers. The initial $150 million, three-year deal – the first earthquake-only catastrophe bond issued without involvement of traditional reinsurers – is intended to be a benchmark establishing a more efficient, lower-cost market for similar follow-on deals by CEA, while expanding the sources and amount of claim-paying capacity available to the CEA. …
Lessons for Californians from the Earthquake in Japan
The tragic tsunamis and Magnitude 8.9 earthquake that have struck Japan – the 5th largest quake in the world since 1900 – are a stark reminder: earthquakes can happen any time and it’s essential to prepare, not just for the quake but for what happens after. ...
Yesterday's earthquake in Borrego Springs delivers preparedness reminder; California Earthquake Authority (CEA) offers strength to rebuild
Though the California Earthquake Authority (CEA) estimates that only 21,865 of its policyholders in the immediate area may have felt shaking from yesterday's 5.4-magnitude quake near Borrego Springs, the event serves as yet another reminder to make earthquake preparedness a top priority in California.
California Earthquake Authority (CEA) ready to pay claims for residential damage for Baja earthquake
The California Earthquake Authority (CEA) estimates that about 100,000 of its policyholders in the Southern California area may have felt shaking from Sunday's 7.2-magnitude quake in Baja, California. El Centro and Calexico are the largest cities that may have experienced the greatest shaking...
Congress hears request to reduce costs of earthquake insurance
California Earthquake Authority CEO Glenn Pomeroy testified today before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), which would allow the CEA to lower its earthquake insurance rates and policy deductibles. The subcommittees met jointly to examine this legislation. …
CEA Statement on Moody's Rating Affirmation and Outlook Change
The California Earthquake Authority (CEA) today commented on an announcement by Moody’s Investors Service concerning CEA’s bonds. …