The California Wildfire Fund was established under AB 1054, and AB 111, and was signed into law by Governor Gavin Newsom on July 12, 2019.
 

The California Earthquake Authority (CEA) has been named the Interim Administrator of the California Wildfire Fund.*

California Wildfire Fund

About the California Wildfire Fund

On Friday, July 12, 2019, Governor Newsom signed into law AB 1054 (Holden, Burke & Mayes) and AB 111 (Committee on Budget), known as the “2019 Wildfire Legislation”. The 2019 Wildfire Legislation enacts a broad set of reforms and programs related to utility-caused wildfires in California.

 

The 2019 Wildfire Legislation, which took immediate effect upon the Governor’s signature, establishes the California Wildfire Fund. The purpose of the Wildfire Fund is to provide a source of money to pay or reimburse eligible claims arising from a covered wildfire caused by a utility company which participates in the Wildfire Fund by assisting in capitalizing the Fund, and undertaking certain other obligations specified in the law.
 

Wildfire Fund Governance

The newly created California Catastrophe Response Council (Council) is responsible for oversight of the California Wildfire Fund. The Council has nine members, consisting of the following:

  • Governor

  • Insurance Commissioner

  • Treasurer

  • Secretary of Natural Resources

  • One member appointed by the California Senate Rules Committee

  • One member appointed by the Speaker of the California Assembly

  • Three members of the public, appointed by the Governor to serve two-year terms

 

The Governor, Insurance Commissioner, Treasurer and Secretary of Natural Resources are each authorized by law to designate individuals to serve on their behalf as members of the Council. Among other things, the Council is charged with appointing an “Administrator” for the Wildfire Fund. Until the Council appoints an Administrator, the legislation provides for CEA to act as the Interim Administrator* of the Wildfire Fund.

 

*Assets in the California Earthquake Authority Fund and the California Wildfire Fund are segregated and separately managed and maintained. All costs and expenses incurred by the Authority to administer the Wildfire Fund are allocated to and paid from the Wildfire Fund. 
 

Media Contact

Chris Nance
Chief Communications Officer
California Earthquake Authority
801 K Street, Suite 1000
(916) 661-5521

More on the California Wildfire Fund

California Earthquake Authority

Interim Administrator, California Wildfire Fund

Chris Nance
Chief Communications Officer
California Earthquake Authority
801 K Street, Suite 1000

(916) 661-5521

Media Contact