What are Participating Insurers for the CEA? How CEA Partners and the CEA work Together? Processes, Underwriting, Claims, and Sales of CEA Policies through the PI Program A Comprehensive list of CEA Participating Insurers CEA Insurance Partners AKA CEA Participating Insurers: The California Earthquake Authority is a Public – Private insurer that only provides coverage…Read More
March 30th 2022 – Fitch Ratings has downgraded the California Earthquake Authority’s IDR “and revenue bond ratings” to an A-. Previously the CEA’s IDR ratings was an A. Now it is an A-. CEA Current IDR Rating: A- CEA Past IDR Rating: A An A- rating is considered lower than an A rating. Fitch Rating…Read More
Alternative Options for Earthquake Insurance from insurers other than the CEA or California Earthquake Authority. Other Earthquake Insurance Options to the California Earthquake Authority Underwriting considerations for Alternative Quake Vendors The CEA is a public/private insurer that issues earthquake insurance for many insurers in the state of California. The CEA is the largest insurer of…Read More
California based EQ Insurer launches new Earthquake Insurance Option The new Options allows for increased flexibility The New Geovera Earthquake Insurance Option: Geovera, based in Fairfield California, has a launched a “new earthquake insurance policy” “with flexible coverage limits, a broad range of deductibles, and California’s lowest rates” according to a statement from the California…Read More
Two distinct California quasi governement insurers are now working in tandem. Program is intended for FAIR plan policies. CEA and FAIR: According to an email bulletin “The California Earthquake Authority (CEA) quote submission process has just been made easier. It is now automated through the California FAIR Plan broker portal and can be done online.” It is…Read More
What year was the CEA Created and Founded? When did the California Earthquake Authority sell its first policy? How Old is the CEA? When was the CEA Created? The CEA was created in 1996 by the state of the California Legislature. “There is hereby created the California Earthquake Authority, which shall be administered and governed…Read More