Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
- Hawaii lawmakers are working to stabilize the property insurance market as climate change leads to higher premiums, with hurricanes and wildfires affecting rates.
- The Hawaii Hurricane Relief Fund, created after Hurricane Iniki in 1992, provided coverage for 155,000 policyholders for a decade, and lawmakers may propose similar programs.
- Senate President Ron Kouchi noted that Hawaii is increasingly viewed as a disaster risk state, especially after the August 2023 wildfires on Maui.
- House Speaker Nadine Nakamura emphasized the importance of making decisions that will positively impact future generations during the legislative session.
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Total News Sources0
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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