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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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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