CEA approves one-in-350-year risk transfer strategy
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CEA approves one-in-350-year risk transfer strategy

Martha Muir
23 March 2022
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The California Earthquake Authority (CEA) board has voted to buy risk transfer to support claim paying capacity at no less than one-in-350 years and no higher than one-in-500 years for the coming season.

The benchmark is lower than that of previous years, when CEA based its strategy on one-in-400-year events.

The new level was approved last week with a 3-0 vote.

The

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Topics

NewsCatastrophe losses
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Martha Muir
Reporter
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