The California Earthquake Authority (CEA)

What is the California Earthquake Authority?The California Earthquake Authority is a privately financed, publicly managed entity that provides earthquake insurance through its member companies for homeowners, condominium owners, mobile-home owners, and renters. Effectively, it is a private pool with state fronting.It had net premiums of $371.6m in 2005, and 750,000 policyholders on the books at the end of that year. The CEA has a claims-paying ability of $7.2bn and is rated A- by AM Best.Is