Posts Tagged: California Earthquake Authority
Homeowners watch the billowing smoke of the 2018 Woolsey Fire in Southern California. (Photo: BrittanyNY, via Shutterstock)
OPINION: As currently amended —after months of compromise and negotiations— this bill would create a new Insurance Market Action Plan, or IMAP, designed to increase home insurance availability with better coverage and lower rates, and reduce the risk of catastrophic wildfire damage through home hardening and community mitigation. For many homeowners in high-risk areas, the FAIR Plan is currently the only option for fire insurance.
A bicyclist rides by debris following the 1994 Northridge quake. (Photo: Joseph Sohm)
The images of California’s powerful earthquakes over the years have been vivid — the shattered buildings, the collapsed bridges, the buckled highways. A Los Angeles lawmaker is proposing updated earthquake legislation geared toward saving infrastructure, noting that modern building codes are designed to save lives but not necessarily preserve the physical structures.