May 30, 2024BoardMeeting
BoardCalifornia Earthquake Authority Stakeholder Engagement Session
The session focused on organizational updates regarding operational stability and the ongoing search for a permanent CEO. The presentation detailed the current product structure, including dwelling coverage, personal property limits, additional living expenses, deductibles, and mitigation discounts. Key discussion topics included the strategic approach to catastrophe insurance, the importance of earthquake retrofitting for risk management, and considerations regarding building code upgrade coverage. Stakeholder feedback emphasized the need for comprehensive coverage options and the potential for greater flexibility in policy limits and risk mitigation strategies.