HI SCR93

Request the Insurance Commissioner to research and convene stakeholder discussions on establishing a Wildfire Insurance Compact with strategic partner states that have similar wildfire risks or robust disaster management systems.

Wildfire Insurance Compact should focus primarily on risk pooling and informational technology sharing to mitigate and share risks and costs associated with wildfires.

Insurance Commissioner to research and discuss with stakeholders legislation for funding Wildfire Insurance Compact policies and programs through taxes or surcharges on existing taxes.

Insurance Commissioner to research and discuss with stakeholders policies and programs that would directly benefit vulnerable populations and communities through the Wildfire Insurance Compact.

Request follows the August 8, 2023 Lahaina wildfire that killed 115 people, destroyed over 2,200 buildings, and caused billions in property losses.