The California Earthquake Insurance Program: Developments in 1990
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In the 1989-1990 legislative session, the state of California enacted over 130 bills related to earthquake safety. Among those was the passage of the Green, Hill, Areias, Farr California Residential Earthquake Recovery Act (SB 2902) establishing mandatory earthquake insurance for all single-family dwellings with homeowners insurance in the state. The reasons why and how this legislation was enacted are examined, as are the act's contents and implications for future legislation. The impact of this act on a national earthquake insurance program is also explored.