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HI HR57
Resolution
Status
3/6/2024
Primary Sponsor
Greggor Ilagan
Click for details
AI Summary
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Insurance Commissioner is requested to coordinate and develop a Wildfire Insurance Compact with strategic partner states that have similar wildfire risks or robust disaster management systems.
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Insurance Commissioner is requested to propose necessary legislation to fund the Wildfire Insurance Compact's policies and programs through taxes or surcharges on existing taxes.
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Policies and programs offered through the Wildfire Insurance Compact must directly benefit vulnerable populations and communities.
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Resolution references the August 8, 2023 Lahaina wildfires that killed at least 101 people, destroyed over 2,200 buildings, damaged 500 more, and caused billions in property losses.
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Certified copy of the resolution shall be transmitted to the Insurance Commissioner.
Legislative Description
Requesting The Insurance Commissioner To Coordinate And Develop A Wildfire Insurance Compact.
Insurance
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred.
4/2/2024