Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
HONOLULU (AP) — Hawaii lawmakers began a new legislative session Wednesday with a vow to try to stabilize the state’s property insurance market as hurricanes, wildfires and other climate change-influenced disasters at home and elsewhere prompt insurance carriers to raise rates. Hurricanes in Florida and North Carolina and wildfires in California affect the insurance business in Hawaii because insurance companies buy reinsurance — insurance for themselves — on the global […]