Officials address condo insurance crisis, but is it too late? (HI)

/ Owner - August 8, 2024

Insurance premiums are skyrocketing for condo owners with no relief in sight. Now the state is taking some action. But will it be enough?   “We are doing everything we can to help stabilize the market,” State Insurance Commissioner Gordon Ito said.  He said insurance premiums for homeowners have spiked in large part due to increased costs of repairing and replacing losses linked to natural disasters including the Lahaina wildfires.   Read the article…………………………….

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