The California Earthquake Authority

Daniel Marshall
Additional contact information
Daniel Marshall: California Earthquake Authority

RFF Working Paper Series from Resources for the Future

Abstract: The California Earthquake Authority is a unique organization formed for a specific purpose. CEA owes its existence to a single earthquake just over 20 years ago and a 1980s-era state law: Without the 1994 Northridge earthquake and the offer of earthquake insurance required of sellers of home insurance in California, there would be no CEA. Because CEA’s organizing genome is so particular—and because this paper is offered to help form a map to explore future reform and improvement of national catastrophe insurance programs—the following observations explain CEA as an entity. In that vein, the background of CEA is the first key: What happened, who did what, what alternatives were on the table, and why the the CEA was the chosen model. Without depth in those matters, there can be no useful or creative comparison of CEA to present or future states of other organizations. As well, after 20 years of operation, the CEA is no longer just a bright idea—it is a mature insurance provider with a broad portfolio of ideas: its market-leading insurance products, unique loss mitigation programs, and innovative financing techniques. As the largest and most active California player in addressing and mitigating both structural and financial residential earthquake risks, the CEA experience is instructive.

Keywords: California Earthquake Authority; earthquake insurance; California; disaster (search for similar items in EconPapers)
Date: 2017-02-15
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.rff.org/RFF/documents/RFF-DP-17-05.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rff.org/RFF/documents/RFF-DP-17-05.pdf [301 Moved Permanently]--> https://www.rff.org/RFF/documents/RFF-DP-17-05.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-17-05

Access Statistics for this paper

More papers in RFF Working Paper Series from Resources for the Future Contact information at EDIRC.
Bibliographic data for series maintained by Resources for the Future ().