Hawaii: Wildfire Legislation Dies in House

Hawaii HB 2013, Relating to Property Insurance, which was assigned to three committees in House, died Feb. 16 at the first lateral deadline. The industry was able to keep the bill from being scheduled for a public hearing in any committee.

The legislation would have required insurers to:

• Follow a prescribed personal property claims inventory process;
• Disclose their depreciation methodology and established an appeals process;
• Offer the policyholder a minimum of 75% of the personal property insurance coverage limit stated in the homeowner’s insurance policy without submission of property inventory;
• Provide a 36-month period for homeowner to submit documents on the repair, rebuild, or replacement of damaged property to receive full replacement cost coverage; and
• Provide, upon request, advanced payment of no less than six months of additional living expenses to the policyholder.