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
Christian Rataj
Christian Rataj
Senior Regional Vice President, Western Region