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California Earthquake Authority
The California Earthquake Authority (CEA), established in September 1996 by the California Legislature following the Northridge Earthquake, is a privately financed, publicly managed entity based in Sacramento, California. It specializes in providing earthquake insurance Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insuran ... to homeowners, mobile-home owners, condo unit owners, and renters throughout California. Policies are offered through participating insurance companies, rather than directly from the CEA. The range of coverage provided by the CEA includes dwelling, personal property, and additional living expenses, along with unique options such as the Homeowners Choice policy. In 2019, the CEA controlled 67% of California's market for residential earthquake insurance. Despite thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earthquake Insurance
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates depend on location and the probability of an earthquake loss. Rates may be lower for homes made of wood, which withstand earthquakes better than homes made of brick. In the past, earthquake loss was assessed using a collection of mass inventory data and was based mostly on experts' opinions. Today it is estimated using a ''Damage Ratio'' (DR), a ratio of the earthquake damage money amount to the total value of a building. Another method is the use of HAZUS, a computerized procedure for loss estimation. As with flood insurance or insurance on damage from a hurricane or other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sacramento, California
Sacramento ( or ; ; ) is the List of capitals in the United States, capital city of the U.S. state of California and the county seat, seat of Sacramento County, California, Sacramento County. Located at the confluence of the Sacramento River, Sacramento and American Rivers in Northern California's Sacramento Valley, Sacramento's 2020 population of 524,943 makes it the fourth-most populous city in Northern California, List of largest California cities by population, the sixth-most populous in the state, the List of United States cities by population, ninth-most populous state capital, and the List of United States cities by population, 35th most populous city in the United States. Sacramento is the seat of the California Legislature and the governor of California. Sacramento is also the cultural and economic core of the Sacramento metropolitan area, Greater Sacramento area, which at the 2020 United States census, 2020 census had a population of 2,680,831, the fourth-largest S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Legislature
The California State Legislature is the bicameral state legislature of the U.S. state of California, consisting of the California State Assembly (lower house with 80 members) and the California State Senate (upper house with 40 members). Both houses of the Legislature convene at the California State Capitol in Sacramento. The California State Legislature is one of ten full-time state legislatures in the United States. The houses are distinguished by the colors of the carpet and trim of each house: the Senate uses red and the Assembly uses green, inspired by the United Kingdom's House of Lords and House of Commons respectively. The Democratic Party currently holds veto-proof supermajorities in both houses of the California State Legislature. The Assembly consists of 60 Democrats and 20 Republicans, while the Senate is composed of 30 Democrats and 10 Republicans. Except for a brief period from 1995 to 1996, the Assembly has been in Democratic hands since the 1970 electi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northridge Earthquake
The 1994 Northridge earthquake affected Greater Los Angeles, California, on January 17, 1994, at 04:30:55 PST. The epicenter of the moment 6.7 () blind thrust earthquake was beneath the San Fernando Valley. Lasting approximately 8 seconds and achieving the largest peak ground acceleration of over 1.7 ''g'', it was the largest earthquake in the area since 1971. Shaking was felt as far away as San Diego, Turlock, Las Vegas, Richfield, Phoenix, and Ensenada. Fifty-seven people died and more than 9,000 were injured. In addition, property damage was estimated to be $13–50 billion, making it among the costliest natural disasters in U.S. history. Geology The epicenter region of the earthquake was located in the San Fernando Valley, about northwest of downtown Los Angeles. The United States Geological Survey (USGS) placed the hypocenter's geographical coordinates at and at a depth of . Measuring 6.7, it was the largest earthquake recorded in the Los Angeles area since the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earthquake Insurance
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates depend on location and the probability of an earthquake loss. Rates may be lower for homes made of wood, which withstand earthquakes better than homes made of brick. In the past, earthquake loss was assessed using a collection of mass inventory data and was based mostly on experts' opinions. Today it is estimated using a ''Damage Ratio'' (DR), a ratio of the earthquake damage money amount to the total value of a building. Another method is the use of HAZUS, a computerized procedure for loss estimation. As with flood insurance or insurance on damage from a hurricane or other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Home
A mobile home (also known as a house trailer, park home, trailer, or trailer home) is a prefabrication, prefabricated structure, built in a factory on a permanently attached chassis before being transported to site (either by being towed or on a trailer). Used as permanent homes, or for holiday or temporary accommodation, they are often left permanently or semi-permanently in one place, but can be moved, and may be required to move from time to time for legal reasons. Mobile homes share the same historic origins as travel trailers, but today the two are very different, with travel trailers being used primarily as temporary or vacation homes. Behind the cosmetic work fitted at installation to hide the base, mobile homes have strong trailer frames, axles, wheels, and tow-hitches. History In the United States, this form of housing goes back to the early years of cars and motorized highway travel. It was derived from the travel trailer (often referred to during the early year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1996
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
