CEA aims to replace $2.2bn of reinsurance capacity at renewals
Californian quake insurer is seeking to maintain its claim-paying ability in a range from a one-in-350-year to a one-in-500-year level of coverage
After failing to replace all expiring capacity a year ago, the state-administered quake insurer is ‘likely’ to keep its coverage capacity, at slightly higher rates, at January 1 renewals