Strategic Plan for California Earthquake Authority (CEA) (Web Page)
The California Earthquake Authority Strategic Plan is focused on our not-for-profit public mission to encourage and support effective action to reduce the risk of earthquake damage and loss. By adopting this plan in 2017, the CEA Governing Board affirmed goals that support our core principles: Goal 1: Educate Goal 2: Mitigate Goal 3: Insure Goal 4: Organizational Resilience Read our Strategic Plan below, or download the CEA Strategic Plan (PDF…
Ground Rupture & Surface Faulting - Earthquake Ground Displacement | CEA (Web Page)
An earthquake can push and pull the ground, tearing the surface and pushing the ground apart and upward. These are known as “surface ruptures.” A surface rupture may occur suddenly during an earthquake, or it can happen more slowly—in either case, surface ruptures often happen along preexisting faults. During the 1992 Landers earthquake in San Bernardino County, a surface rupture extended for…
California Earthquake Authority Governing Board Appoints New CEO (Web Page)
California Earthquake Authority Governing Board Appoints New CEO with Long-Standing History with CEA and Proven Track Record in Insurance Regulatory Expertise and Stakeholder Collaboration. (Sacramento, CA) - The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has proudly announced its appointment of Chief Legal & Compliance Officer Tom…
CEA Ready for Policyholders Shaken by Recent Northern California Earthquake (Web Page)
(SACRAMENTO – May 24, 2013) 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 policyholders who believe their homes were damaged by last night's quake should contact their residential insurance company or agent. Contact information for all…
California Earthquake Authority Proposes to Expand Coverages and Decrease Rates (Web Page)
(SACRAMENTO) 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. Pending CEA Governing Board and regulatory approvals, CEA’s new proposal to expand coverages and lower rates would begin to take effect January 1, 2016. "We want to help more Californians protect their…
CEA's CEO Addresses Community Groups Throughout the State (Web Page)
CEA's CEO, Glenn Pomeroy, appeared as a guest speaker in front of several community groups and insurance agent meetings in May and June. As part of an educational tour, Pomeroy is working to inform Californians of their local earthquake risk, share information about potential earthquake damage in California and provide details about CEA's new earthquake insurance options, which help Californians cover the costs for repairs and rebuilding…
How To File a CEA Earthquake Policy Claim (Web Page)
If an earthquake has damaged your house, take these steps to file a California Earthquake Authority (CEA) claim with your residential insurer: Report your claim: Contact your residential insurer as soon as possible to start your claim. Remember, all CEA policies offer coverage for emergency repairs. This allows policyholders to take immediate steps to secure their property and…
Q: What is the CEA mini-policy? (FAQ)
A. When we launched in 1996, CEA offered only a mini policy—the minimum-coverage policy authorized in 1995. While the mini-policy offered full coverage of a residential structure, it only offered $5,000 in personal property and $1,500 in additional living expenses. It also only offered a deductible of 15%. Since that time, CEA has worked hard to offer a broader range of insurance options to give policyholders more flexibility…
Q: Earthquake Risk in California (FAQ)
Earthquake Risk Most Californians live within 30 miles of an active fault . Earthquake Risk Thousands of known faults crisscross California , and more than 500 are considered active and dangerous. Scientists say there’s California Earthquake Authority (CEA) works hard to ensure that policyholders get earthquake insurance rates based on the best available science. more than a 99 percent chance of a magnitude-6.7 quake striking…
CEA's Financial Strength (Web Page)
About $20 billion in claim-paying capacity When it comes to financial strength, California Earthquake Authority (CEA) is on solid ground: Largest provider of residential earthquake insurance in the U.S. Provides two-thirds of the residential earthquake insurance policies sold in California. More than 1 million policies in force. Annual premium revenue more than $900 million. About $20 billion in claim-paying ability. CEA's…