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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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IIRC, the only way to get EQ insurance in CA is through the California Earthquake Authority, even though your ins. broker gets you the policy. Their website says they have about $4.2 Billion in equity. Apparently it is 99% invested in US Government Financial instruments. I would have guessed that the state had written IOUs against it. Apparently not. $4.2 Billion isn't a whole lot if they have a major EQ.
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Hugh
Last edited by Hugh R; 01-31-2011 at 10:18 AM..
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