Hawaii: Two More Concerning Wildfire Risk Rating Bills Die

HB 2189, Rating based upon wildfire risk, has died at a procedural deadline. The legislation would have:

• Established ratemaking regulations for use of wildfire risk model;
• Required wildfire risk models to be filed with commissioner and subject to public inspection;
• Required wildfire risk score and an explanation of them to be provided to consumer;
• Required rates to specifically reflect mitigation and home hardening efforts at community and individual property level

Also of significance is the death of HB 2163, Insurance; Ratemaking; Past Loss Experience; Catastrophe Modeling, which would have amended the definition of “prospective loss costs” to prohibit insurers from basing rates on past loss experience within or outside the state.