HI SB3000

Authorizes the Hawaii Attorney General to bring civil actions against fossil fuel companies with over $500 million in market capitalization or annual revenue to recover costs related to climate disaster-caused insurance harm.

Allows the Hawaii Property Insurance Association, Hawaii Hurricane Relief Fund, and private insurers to sue fossil fuel companies for climate-related losses, with recoverable damages including restitution, disgorgement of profits, and attorneys' fees.

Establishes strict liability for "responsible parties" (fossil fuel producers/sellers) for damages from climate attributable harm, with a two-year statute of limitations from the relevant climate disaster.

Creates the Climate Disaster Special Fund to collect monetary relief from civil actions, with proceeds distributed for policyholder restitution, Hawaii Hurricane Relief Fund replenishment, and climate mitigation projects.

Requires insurance rate calculations to account for any proceeds recovered through civil actions against fossil fuel companies, potentially reducing premiums for policyholders.