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.
Post Details
Publish Date
February 27, 2024
News Type
- State of the States
Topics
- Hawaii
Points of Contact
Related Articles
Hawaii: Civil Statute of Limitations Bills on Sexual Abuse, Sexual Assaults on Minors Become Law
Gov. Josh Green has signed into law SB 2439 that extends the statute of limitations for civil actions brought by
Hawaii: Chiropractic Treatments for PIP Benefits Bill Signed Into Law – Member Feedback on Compliance Questions Requested
HB 1686, CD1, now Act 092, that would allow PIP benefits for chiropractic treatments, has been signed into law by
Hawaii: Bills of Intertest to Insurance Industry on Governor’s Desk Until First Week of June
Several bills of interest and concern to the insurance industry are still alive waiting for action by the governor. The