Tuesday, July 29, 2008

Calif. Earthquake Authority Uses Response Plan

The CEAs emergency response plan for policyholders has been implemented and staff members mobilized immediately upon notification of todays 5.4 earthquake. Damages were minor, according to reports available within two hours of the event. The quake struck some 29 miles east-southeast of downtown Los Angeles

We will be working closely with our participating insurance companies to promptly process any claims under CEA policies, said CEA CEO Glenn Pomeroy. We are fully prepared and funded to cover all eligible claims.

CEA policyholders who experienced or suspect damage should contact their residential or renters insurance agents or companies to file claims. A list of toll-free telephone numbers for insurance companies that sell and service CEA insurance is available at www.EarthquakeAuthority.com.

Of the approximately 12 percent of households statewide that have earthquake insurance, CEA provides about 70 percent of those policies. About 250,000 CEA policyholders nearly one-third of CEAs total 770,000 policyholders live in the greater Los Angeles area and may have been affected by todays earthquake.

2 comments:

Anonymous said...

After the midwest floods this year my phone rang with more clients wanting flood coverage. I wonder if more will want earthquake coverage now.

Anonymous said...

Yes, we definitely have seen a spike requests in Washington any time there is a major castostrophic event. The most recent was the earthquake in China in May of 2008.