CEA mulls state-backed reinsurer as growth poses rate hike dilemma
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CEA mulls state-backed reinsurer as growth poses rate hike dilemma

Liz Bury
17 September 2021
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The California Earthquake Authority (CEA) will consider establishing a government-backed reinsurance vehicle among a set of options to shore up its financial future as the body nears its 25th anniversary, having experienced significant growth in past years.

The proposal was discussed by the organisation’s board at a meeting yesterday and work on the idea will now continue.

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