# California Earthquake Authority

California Earthquake Authority is an Insurance based in Sacramento, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Sacramento, United States
- **Region:** North America
- **Address:** 400 Capitol Mall Suite 1200, Sacramento, CA 95814, United States
- **Founded:** 1996
- **Assets under management:** 8525 (Altss estimate)
- **Website:** www.earthquakeauthority.com
- **LinkedIn:** https://www.linkedin.com/company/california-earthquake-authority

## Regulatory record

- **Reports private funds:** No

## About

The California Earthquake Authority was created by state legislation in 1996 as a publicly managed insurer. It offers residential earthquake coverage to California homeowners and is financed through premiums and reinsurance rather than taxpayer funds. Capital is deployed into a high-quality fixed-income portfolio consisting of U.S. Treasuries, Federal Agency securities and other instruments allowed under California Government Code § 16430. The portfolio stood at approximately $9.225B in the most recent internal valuation. The authority also oversees the Earthquake Loss Mitigation Fund, established in 2011, which has directed $5M toward the Earthquake Brace + Bolt program for seismic retrofits. The entity maintains one headquarters in Sacramento and participates in conferences on hazard mitigation, including the ACWA 2024 Spring Conference and Hazard Mitigation Summit 2024. It holds ownership interests in the California Wildfire Fund and the California Residential Mitigation Program through joint powers arrangements. Governance is structured through a statutory board that includes elected state officials, creating a direct link between insurance operations and public policy oversight.

## Sectors

- Insurance

## People

- Tom Welsh — Chief Executive Officer
- Gavin Newsom — Governor of California and voting member of the Governing Board
- Ricardo Lara — California Insurance Commissioner and voting member of the Governing Board
- Fiona Ma — California State Treasurer and voting member of the Governing Board

## Questions

### Who runs investment decisions at California Earthquake Authority?

Tom Welsh serves as Chief Executive Officer. Investment activity is limited to fixed-income instruments permitted by California Government Code and is supported by Raymond James as investment consultant since 2020.

### What asset classes does California Earthquake Authority hold?

The portfolio consists of U.S. Treasuries, Federal Agency securities and other high-grade fixed-income instruments. No equity, real estate or alternative allocations are disclosed.

### Does California Earthquake Authority maintain separate mitigation vehicles?

Yes. The Earthquake Loss Mitigation Fund, established in 2011, funds seismic retrofits including the Earthquake Brace + Bolt program with $5M in estimated giving.

### Which state officials sit on the Governing Board?

Voting members include Governor Gavin Newsom, Insurance Commissioner Ricardo Lara and State Treasurer Fiona Ma.

### How is the California Earthquake Authority capitalized?

It is privately financed through insurance premiums and reinsurance arrangements. It does not receive ongoing state appropriations.

## Related profiles

- [Wells Fargo & Company](https://altss.com/profile/wells-fargo-company)
- [IBK Capital](https://altss.com/profile/ibk-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/california-earthquake-authority

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology