Calif. Quake Board Preps Debut Sale

Saskal, Rich
June 2006
Bond Buyer;6/22/2006, Vol. 356 Issue 32408, p1
Trade Publication
The article reports on the $315 million bond issuance plan of the California Earthquake Authority which was created to make earthquake catastrophe insurance available for homeowners after the 1994 Northridge disaster. According to the article, the federally taxable revenue bonds will be used to boost the available capital for the authority. It adds that the minimum coverage insurers were required to offer to high-deductible policies was reduced by lawmakers.


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