Hawaii’s Insurance Crisis as Premiums Nearly Quadruple

/ Owner - April 18, 2024

Sue Savio, president and owner of Insurance Associates and former president of the Hawaii Independent Insurance Agents Association, told Insurance Business America that insurance costs for condominiums have risen by 100 percent to 1,000 percent in certain areas.  Cj Paet, vice president of operations for Cadmus Properties, told local news website KITV 4 Island News that premiums for one condominium in the Piikoi area managed by his company have jumped from $70,000 to $270,000 a year.    Read the article…………………………….

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