HI SR125

Requests the Insurance Commissioner to produce a detailed report on the current state of private insurance companies operating in Hawaii by 20 days prior to the 2026 Regular Session.

Report must include factors driving premium increases in high-risk areas affected by wildfires, hurricanes, and volcanic eruptions, and potential costs of creating a publicly administered insurance program.

Report must assess the number of private property insurers in the State and their financial health, including revenues, profits and losses, valuations, and shareholder communications.

Report must evaluate the likelihood of private insurers ceasing operations in Hawaii and the risk of the State being left without any private insurers.

Report must provide recommendations on the State's ability to enter the insurance market as a primary property insurance provider if private insurers exit, including evaluation of using eminent domain to seize private insurance companies.