Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying …
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. EBB helps lessen the potential for earthquake damage …
Scientists are virtually certain that California will be rocked by a strong earthquake in the next 30 years. Now they say the risk of a mega-quake is more likely than previously thought. The chance of a magnitude-8 quake striking the …
The California Earthquake Authority, the largest seismic insurer in the U.S., is selling $350 million in bonds to strengthen its ability to pay claims, after the state’s first death due to a quake in 11 years. The debt, which is …
The California Earthquake Authority has reportedly paid numerous claims for damage to homes that sustained relatively minor damage from the March 28 magnitude-5.1 La Habra earthquake. To date, most claim payments from the La Habra shake are to help cover …