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Tim Richison

CEA created by Statute during 1995/1996 in wake of Northridge Earthquake ... Automobile Club of Southern California. California FAIR Plan. CSAA. Encompass Insurance ...

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Tim Richison

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    Slide 1:Tim RichisonChief Financial Officer

    Slide 3:Background

    Slide 4:Introduction

    Slide 6:Current CEA Member Companies

    Slide 7:Financial Overview

    Slide 9:1. Multiple reviews conducted by California State Auditor; Tillinghast-Towers Perrin; CEA Staff. 2. Independent review team formed to answer specific questions: (a) How much claim-paying capacity (CPC) is appropriate and what is an acceptable “survivability ratio?” (b) What “types” of claim-paying capacity are best for CEA? Debt Risk Transfer Assessment Authority against PI’s (c) Where can it be purchased? Reinsurance Market Capital Markets Commercial Banks Other

    Slide 10:Common Concern: Heavy Dependence on Reinsurance Market

    Slide 12:Rating Plan

    Slide 13:Proposed New Rating Plan

    Slide 14:Proposed New Deductibles

    Slide 15:Marketing Plan

    Slide 16:CEA Marketing Plan

    Slide 17:CEA Marketing PlanObjectives

    Slide 18:CEA Marketing Plan (continued)

    Slide 19:Questions

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