AB-1554 • 2026

Disasters: data.

Passed Legislature

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

Sponsor: Calderon
Last action: 2026-06-03
Official status: Referred to Com. on INS.
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on what happens if the working group fails to include hazard mitigation projects or how the additional reporting requirements will affect CEA's operations and budget.

Disasters: Data Reporting and Hazard Mitigation

This law requires the California Earthquake Authority to provide annual reports to insurance committees and mandates a working group to include hazard mitigation projects in their recommendations by January 1, 2028.

What This Bill Does

Requires the California Earthquake Authority (CEA) to give its yearly report to both Senate Committee on Insurance and Assembly Committee on Insurance.
Specifies that the CEA must post a certified examination of its financial operations on its website.
Establishes a requirement for the working group to include hazard mitigation projects in their recommendations by January 1, 2028.

Who It Names or Affects

The California Earthquake Authority (CEA)
Senate Committee on Insurance
Assembly Committee on Insurance

Terms To Know

California Earthquake Authority (CEA): An organization that provides earthquake insurance in California.
Hazard Mitigation Projects: Projects designed to reduce the impact of natural disasters like earthquakes and floods.

Limits and Unknowns

The bill does not specify what happens if the working group fails to include hazard mitigation projects in their recommendations by January 1, 2028.
It is unclear how the additional reporting requirements will affect the CEA's operations and budget.

Bill History

2026-06-03 California Legislative Information
Referred to Com. on INS.
2026-05-22 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-22 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 1.)
2026-05-18 California Legislative Information
Read second time. Ordered to third reading.
2026-05-14 California Legislative Information
From committee: Do pass. (Ayes 15. Noes 0.) (May 14).
2026-05-14 California Legislative Information
Joint Rule 62(a), file notice suspended.
2026-05-13 California Legislative Information
In committee: Set, first hearing. Referred to APPR. suspense file.
2026-05-04 California Legislative Information
Re-referred to Com. on APPR.
2026-04-30 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
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.
2026-03-03 California Legislative Information
Re-referred to Com. on INS.
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.
2026-03-02 California Legislative Information
Referred to Com. on INS.
2026-01-09 California Legislative Information
From printer. May be heard in committee February 8.
2026-01-08 California Legislative Information
Read first time. To print.

Official Summary Text

AB 1554, as amended, Calderon.
California Earthquake Authority.
Disasters: data.
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 requires the commissioner to convene a working group to, among other things, identify, assess, and recommend risk transfer market mechanisms that promote investment and create incentives for investment in natural infrastructure to reduce risks of climate change, as specified.
This bill would require the working group to, no later than January 1, 2028, incorporate hazard mitigation projects into the above-described recommendations.

Current Bill Text

Read the full stored bill text

Download Bill PDF