Earthquake cover rate picks up in California
More than twice as many Golden State homeowners have signed up
for earthquake insurance in the first six months of this year than
normally buy California Earthquake Authority (CEA) coverage
annually, the state-run carrier said today.
The privately funded not-for-profit authority said it had a net
gain of over 18,800 policies this year through last month, an
increase of about 2 percent to 950,393 policies in force at the end
of June. By comparison, the agency picked up over 52,000...
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