State Leader Comments on ‘ShakeOut’ Major Earthquake Drill, Highlights Need for Earthquake Insurance to Help Pay for Damage to Homes

--(BUSINESS WIRE)--

WHO: California Earthquake Authority (CEA) Governing Board member Insurance Commissioner Steve Poizner and CEA CEO Glenn Pomeroy.

WHAT: The California Earthquake Authority (CEA) could pay billions of dollars in policyholders’ claims if a massive magnitude 7.8 earthquake occurred on the southern San Andreas Fault --the scenario presented in the Great Southern California ShakeOut earthquake drill planned for Nov. 13. People with damaged homes but without insurance would have limited government relief options and could face financial devastation.

WHEN: Media availability Teleconference, 11:30 a.m. Tuesday, Nov. 11, 2008; Participants should call in to (866) 394-2480, Conference ID: # 73180079

Note: The CEA is a sponsor of the Great Southern California ShakeOut, an earthquake drill and related activities set for this week. The drill will take place Thursday, Nov. 13, at 10 a.m.

Editors: A full news release will be sent out Tuesday morning prior to the phone-in news conference. For more information on ShakeOut activities go to www.shakeout.org

www.EarthquakeAuthority.com