HI HB254

Requires property insurers to provide written notice to policyholders at least a specified number of days before renewal when canceling, not renewing, or increasing premiums by 10% or more, including detailed explanations of specific risk factors, claims history, market conditions, and premium calculation breakdowns

Mandates insurers file rate schedules and underwriting criteria annually with the Insurance Commissioner, who must conduct periodic reviews of rate-setting practices to prevent price-gouging and unfair discrimination

Establishes a Public Reporting and Dispute Resolution Program with a consumer hotline and online complaint system, plus a formal appeals process where the Commissioner must acknowledge appeals within 5 business days and provide written determinations within 30 calendar days

Requires insurers to provide premium discounts or credits to policyholders who implement disaster risk mitigation measures such as wind-resistant roofing, flood-proofing systems, and fire suppression systems

Requires the Insurance Commissioner to submit annual reports to the legislature summarizing insurer filings, including average premium increases for all policyholders and condominium/cooperative housing associations, reasons for increases, and total policyholder complaints