Gov. Green Issues Fourth Proclamation Relating to Condominium Insurance Stabilization (HI)

/ Owner - February 1, 2025

WHEREAS, in Hawai’i, condominium associations are facing the challenge of limited insurance options for hurricane insurance because of the tightening reinsurance market;
WHEREAS, only 3 insurers are offering master policies, which insure the common areas of the condominium, to condominium associations in Hawaii, often covering just 20-30% of a building’s hurricane exposure;      Read the article…………………………….

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