Earthquake fund faces $1.4b April renewal after 23% shortfall at 1.1

10-03-2023

Earthquake fund faces $1.4b April renewal after 23% shortfall at 1.1

America's largest reinsurance buyer, the California Earthquake Authority (CEA), is facing a $1.39 billion renewal target April 1 just to hold its status quo, having fallen some 22.5% below target already at the January renewals, data from the agency indicated.


Reinsurance, Reinsurance Renewals, Property Cat, natural Catastrophe, Earthquake, California Earthquake Authority, California, US

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