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In: Finance

True or false. The creation of the California EarthquakeAuthority was associated with a significant increase...

True or false. The creation of the California Earthquake Authority was associated with a significant increase in earthquake insurance coverage of California homes.

Solutions

Expert Solution

The said statement is True

In 1994 the state created the California Earthquake Authority (CEA), a public instrumentality that provides basic residential earthquake insurance throughout the state.


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