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HI HCR173
Concurrent Resolution
Status
3/8/2024
Primary Sponsor
Mark Nakashima
Click for details
AI Summary
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Request the insurance commissioner to convene a working group to assess feasibility and impact of requiring the Hawaii Property Insurance Association to cover commercial properties and structures, including greenhouses and shade houses.
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Hawaii's floriculture industry, valued at $47 million annually, faces severe difficulty obtaining insurance for critical structures as private insurers withdraw coverage following market disruptions and the Maui wildfire disaster.
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Working group must include representatives from the Hawaii Property Insurance Association board, Hawaii Floriculture and Nursery Association, four floriculture businesses, and a commercial property insurance provider.
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Working group must submit a final report with recommendations and proposed legislation to the Legislature no later than twenty days before the 2025 Regular Session convenes.
Legislative Description
Requesting The Insurance Commissioner To Convene A Working Group To Assess The Feasibility And Impact Of Requiring Coverage For Commercial Properties And Structures, Including Greenhouses And Shade Houses, Under The Hawaii Property Insurance Association's Plan Of Operation.
Working Group
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Belatti, Ganaden, Kapela, La Chica, Nakashima, Nishimoto, Sayama, Tam, Todd excused (9).
3/27/2024