AM Best Revises Issuer Credit Rating Outlook to Stable for California Earthquake Authority (Web Page)
OLDWICK, N.J., February 15, 2024—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). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect CEA’s balance sheet strength, which AM Best assesses as strong, as well…
Diversity, Inclusion and Belonging Advisory Council (DIBAC) | CEA (Web Page)
At CEA, we believe our differences make us stronger. Uniting to serve the diverse state of California, we have created guiding principles to encourage an open, respectful, and communicative foundation for our staff in working together. While we know we aren’t perfect, we are embracing the journey together—to learn and evolve our shared vision of what inclusion and belonging means for our organization. In June 2020, after the brutal murder of…
CEA 20th Anniversary Report 2016 (PDF)
CEA 20th Anniversary Report 2016 (PDF) - CEA was created 20 years ago to respond to a crisis—the virtual collapse of the California homeowners insurance market after the 1994 Northridge earthquake. CEA quickly succeeded in that goal and ever since has worked hard on a far more ambitious one— providing valuable and affordable residential earthquake insurance to Californians.
CEA Annual Research Forum (Web Page)
In 2023, the CEA Best Available Science Committee (BASC) hosted a workshop centered around Earthquake Risk Management (ERM). The workshop was held on Tuesday, June 6 and Wednesday, June 7, 2023. The workshop gathered insurance, reinsurance, modeling, and geo-hazard professionals together to discuss how the ERM community can work more closely with the earthquake rupture forecast model developers…
CEA Participates in Annual Day of Preparedness Event in Old Sacramento (Web Page)
CEA participated in "California's Day of Preparedness" in historic Old Sacramento on Aug. 27, a free annual event hosted by the Governor's Office of Emergency Services (CalOES) and sponsored by PG&E. The event had the theme "Surviving the Wild West" and featured food, music, demonstrations and interactive exhibits. More than 40 partner organizations—fire, police and sheriff's departments; federal, state and local agencies; utility…
From Ventura to Santa Barbara, CEA Spreads the Word about Earthquake Preparedness (Web Page)
(L) Mark Toohey, CEA, interacting with a resident in Ventura on April 28. (R) Senator Hannah-Beth Jackson (D-Santa Barbara), CEA CEO Glenn Pomeroy and Assemblywoman Monique Limon (D-Santa Barbara) participating in an emergency preparedness fair in Santa Barbara on May 12. Representatives from CEA participated in two emergency preparedness fairs organized by Assemblywoman Monique Limón (D-…
Quakes Win Big on CEA’s “Earthquake Preparedness Night” (Web Page)
It was not only a big win for the Rancho Cucamonga Quakes, but also a record-breaker! The Quakes defeated the San Jose Giants, 11-4, on what was considered the longest 9th inning game in Quakes history! This victory took place during an exciting game sponsored by CEA. On April 20, Quakes fans had the opportunity to witness another great ball game played by their 2018 California League Champions, while having the chance to be educated, in-person…
CEA Quotable Experts and Subject Matter Experts (Web Page)
California Earthquake Authority (CEA) leaders are subject matter experts in earthquake risk and preparedness, strengthening homes against earthquake damage, disaster recovery, insurance, engineering, and related public service. Insight from the front lines: "The Northridge earthquake in 1994, Napa in 2014, and Humboldt County in 2024 – I've visited the homes and met with the families wondering how they will recover." - CEA Chief…
CEA Participates in FOX 11 TV-Special (Web Page)
During the taping of “Surviving the Earthquake” at FOX 11 television studios in Los Angeles on April 3. (Photo credit: American Red Cross) In April CEA, along with other earthquake experts, was part of FOX 11’s television special, “Surviving the Earthquake.” It was clearly stated during the show that Californians should start having conversations about the possibility of seismic activity…
Q: I rent out my property. How would I be compensated for lost rent? (FAQ)
A. For homeowners policyholders who are landlords that rent all or a portion of their homes to others, the CEA policy covers lost rental income resulting from earthquake damage. The policy states: "Loss of Rent. If the part of the dwelling that you rent to others or that you actually hold for rental becomes unfit to live in as a result of either (1) damage to the dwelling or covered extensions to dwelling caused by an earthquake that commences…