Los Angeles Homeowners, Do You Have Earthquake Insurance? If Not, Why Not?
After the devastating Northridge earthquake in 1994 which cost $44 billion in losses, insurance companies restricted the issuance of policies to cover earthquakes for fear of not being able to pay out again. In 1996 the state established the California Earthquake Authority (CEA) to fill the gap. It is non-profit, publicly funded and privately managed, […]
Los Angeles Homeowners, Do You Have Earthquake Insurance? If Not, Why Not? Read More »