CaliforniaDisasters: data.
What it does
Existing law establishes the California Earthquake Authority (CEA), administered under the authority of the Insurance Commissioner, to transact insurance in this state as necessary to sell policies of basic residential earthquake insurance. Existing law requires the CEA to annually report to the Legislature and the commissioner on the CEA's program operations, including the financial condition of the authority, and to post the report on the CEA's internet website. Existing law requires copies of a certified report examining the CEA's financial and program operations and verifying the annual report to be made public.
More detail
This bill would additionally require the CEA to provide the annual report to the Senate Committee on Insurance and the Assembly Committee on Insurance. The bill would specify that the certified examination and verification report be posted on the CEA's internet website.
Existing law requires the commissioner to convene a working group to, among other things, identify, assess, and recommend risk transfer market mechanisms that promote investment and create incentives for investment in natural infrastructure to reduce risks of climate change, as specified.
This bill would require the working group to, no later than January 1, 2028, incorporate hazard mitigation projects into the above-described recommendations.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 12In committee: Hearing postponed by committee.Latest
- Aug 10In committee: Hearing postponed by committee.
- Jul 29In committee: Hearing postponed by committee.
- Jun 25From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 24). Re-referred to Com. on APPR.Minor
- Jun 24
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations]. Result: pass.Upper
- Jun 3Referred to Com. on INS.Minor
- May 22In Senate. Read first time. To Com. on RLS. for assignment.Minor
- Vote recorded AB 1554 Calderon Assembly Third Reading. Result: pass.Lower
- May 22Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 1. Page 5253.)Passed Assembly
- May 18Read second time. Ordered to third reading.Minor
- May 14From committee: Do pass. (Ayes 15. Noes 0.) (May 14).Minor
- Vote recorded Do pass. Result: pass.Lower
- May 14Joint Rule 62(a), file notice suspended. (Page 5030.)
- May 13In committee: Set, first hearing. Referred to APPR. suspense file.Minor
- May 4Re-referred to Com. on APPR.Minor
- Apr 30From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.Major
- Apr 15From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 17. Noes 0.) (April 15). Re-referred to Com. on APPR.Minor
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar. Result: pass.Lower
- Mar 3Re-referred to Com. on INS.Minor
- Mar 2From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.Major
- Mar 2Referred to Com. on INS.Minor
- Jan 9From printer. May be heard in committee February 8.
- Jan 8Read first time. To print.Introduced