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AB-1554 • 2026

California Earthquake Authority.

California Earthquake Authority.

Energy
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Calderon
Last action
2026-04-15
Official status
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 17. Noes 0.) (April 15). Re-referred to Com. on APPR.
Effective date
Not listed

Plain English Breakdown

The candidate explanation included references to the Wildfire Fund and its administrator, which are not directly supported by the provided official source material.

California Earthquake Authority

The bill requires the California Earthquake Authority (CEA) to provide annual reports to certain committees and post financial reports online.

What This Bill Does

  • Requires the CEA to give its yearly report to the Senate Committee on Insurance and the Assembly Committee on Insurance.
  • Specifies that the certified examination of the CEA's finances must be posted on their website.

Who It Names or Affects

  • The California Earthquake Authority (CEA)
  • Insurance committees in the Senate and Assembly

Terms To Know

California Earthquake Authority (CEA)
An organization that provides earthquake insurance to residents of California.

Limits and Unknowns

  • The bill does not specify how the recommendations will be implemented.
  • It is unclear when future legislation based on wildfire disaster management recommendations will be enacted.

Bill History

  1. 2026-04-15 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 17. Noes 0.) (April 15). Re-referred to Com. on APPR.

  2. 2026-03-03 California Legislative Information

    Re-referred to Com. on INS.

  3. 2026-03-02 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.

  4. 2026-03-02 California Legislative Information

    Referred to Com. on INS.

  5. 2026-01-09 California Legislative Information

    From printer. May be heard in committee February 8.

  6. 2026-01-08 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 1554, as amended, Calderon.
Wildfire Fund.
California Earthquake Authority.
Existing law establishes the California Earthquake Authority (CEA), administered under the authority of the Insurance Commissioner, to transact insurance in this state as necessary to sell policies of basic residential earthquake insurance. Existing law requires the CEA to annually report to the Legislature and the commissioner on the CEA’s program operations, including the financial condition of the authority, and to post the report on the CEA’s internet website. Existing law requires copies of a certified report examining the CEA’s financial and program operations and verifying the annual report to be made public.
This bill would additionally require the CEA to provide the annual report to the Senate Committee on Insurance and the Assembly Committee on
Insurance. The bill would specify that the certified examination and verification report be posted on the CEA’s internet website.
Existing law establishes the Wildfire Fund, administered by the Wildfire Fund Administrator, and continuously appropriates moneys in the fund to pay eligible claims, as defined, against participating electrical corporations arising from wildfires ignited on or after July 12, 2019. Existing law requires the administrator, in consultation with the Public Utilities Commission, the Office of Energy Infrastructure Safety, the Department of Insurance, the Office of Emergency Services, and the Department of Forestry and Fire Protection, and with feedback solicited from stakeholders, to prepare and submit a report that evaluates and sets forth recommendations on new models or approaches that mitigate damage, accelerate recovery, and responsibly and equitably allocate the burdens from natural catastrophes, including catastrophic wildfires, earthquakes, and other natural disasters, across
stakeholders, to complement or replace the fund.
This bill would state the intent of the Legislature to enact subsequent legislation to implement the recommendations set forth in the report.

Current Bill Text

Read the full stored bill text 
Download Bill PDF