California Insurance Commissioner Steve Poizner and California Earthquake Authority Chief Executive Officer Glenn Pomeroy yesterday urged homeowners to seriously consider securing insurance protection against the next big earthquake.
They raised the topic as the state geared up for a large scale earthquake preparedness drill called "The Great Southern California ShakeOut."
Noting that the vast majority of California homeowners do not have earthquake coverage, even in particularly at-risk areas, Mr. Poizner said policies offered by the CEA--a public-private entity formed in 1996 to provide catastrophic earthquake coverage to Californians--are affordable.
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