Hawaii Governor Josh Green declares emergency to stabilize insurance market for condominiums.

Hawaii's Governor Josh Green has declared an emergency in response to soaring insurance rates for condominium projects, affecting many state residents. The emergency proclamation aims to increase funding for the Hurricane Relief Fund and the Hawaii Property Insurance Association, enabling them to sell hurricane and property insurance policies to large condominium associations, stabilizing the insurance market and easing financial strain on residents.

August 08, 2024
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