SB 1166: RELATING TO INSURANCE.
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2025-03-06: Referred to CPC, JHA, FIN, referral sheet 19)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Requires that property and casualty insurance rates that incorporate historical or projected losses from fire or catastrophe hazards be conditioned on agreement by the insurer to file and litigate subrogation claims against responsible parties. Requires the Hawaii Property Insurance Association to file and litigate subrogation claims against certain responsible parties for claims paid by the insurer for losses that are attributable to climate change. Requires insurance rates to account for proceeds obtained by the Association through subrogation claims.
