HI HB2226

Authorizes the Hawaii Attorney General to file civil lawsuits against large fossil fuel companies (those with $500+ million in annual revenue or market capitalization) to recover costs related to climate disaster insurance impacts

Establishes strict liability for "responsible parties" in the fossil fuel industry for damages including increased insurance premiums, coverage reductions, insurer withdrawals, and property fortification costs

Grants the Hawaii Property Insurance Association, Hawaii Hurricane Relief Fund, and licensed private insurers independent authority to sue fossil fuel companies for climate-related losses and costs

Requires insurance rate calculations to account for any proceeds recovered through these climate liability lawsuits, with the goal of reducing premiums for policyholders

Cites specific insurance nonrenewal rate increases between 2018-2023: 296% in Honolulu, 184% in Maui County, 91% in Kauai County, and 70% in Hawaii County as justification for the legislation