S.R. No. 106 Summary

• Requests the Hawaii Hurricane Relief Fund and Insurance Commissioner to compile and report data on climate change impacts on homeowners' ability to obtain insurance coverage for climate-related disasters.

• Directs the agencies to assess the financial burdens of climate disasters on Hawaii residents and evaluate acceptance rates of the Loss Mitigation Grant Program.

• Requires identification of protective steps to be taken over the next ten years to safeguard the state's homeowners from insurance market disruptions.

• Mandates a joint report be submitted to the Legislature no later than 40 days before the 2025 Regular Session convenes.

• Cites concerns that private insurers may withdraw from Hawaii's market following the August 2023 Maui wildfires, potentially leaving homeowners without disaster coverage as the state faces increasing climate-related risks.