Most California homeowners have no insurance protection against a major earthquake, according to a recently released rating firm analysis.
And those Californians who do have quake coverage may not get the full benefit of their policies, said New York-based Standard and Poor's, in a report marking tomorrow's 100th anniversary of the San Francisco Earthquake.
The firm said the California Earthquake Authority, the state's publicly managed, privately financed insurer, could see its funds come up short if one or more large earthquakes occur.
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