Gov. Green signs emergency proclamation to address condo insurance crisis (HI)

/ Owner - August 8, 2024

Gov. Josh Green, M.D., signed an emergency proclamation on Wednesday aimed at stabilizing Hawai‘i’s volatile condominium insurance market, which he said has seen unprecedented rate increases due to a hardening global insurance industry and recent increase of catastrophic events around the world.  Hawai‘i’s property insurance market faces significant challenges due to its small size, high real estate costs and unique risk profile, according to the governor’s announcement.   Read the article…………………………….

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