08-18-2024, 07:16 PM
https://www.hawaiitribune-herald.com/202...zones-1-2/
No relief in sight for insurance crisis in Lava Zones 1, 2
By MICHAEL BRESTOVANSKY Hawaii Tribune-Herald|Aug. 18th, 2024
State Rep. Greggor Ilagan of Puna said that, all things considered, the insurance market for condo owners statewide is even more dire than for lower Puna residents: At least Puna residents can still get coverage through HPIA, expensive though it is. Condo owners previously didn’t even have that luxury, he said.
But even with the proclamation opening HPIA to them, condo owners and associations will still have to deal with high rates through the HPIA, the same as lower Puna residents, Ilagan said.
“I knew that, once (the proclamation) happens, everyone will wonder what’s going on with Lava Zones 1 and 2,” Ilagan said. “And I’ve been saying, once there’s any subsidies on the table, then I’ll be the first to go after them.”
Ilagan had introduced a raft of bills during the previous legislative session to alleviate the Puna insurance crisis, some of which involved state insurance subsidies. All those bills were shot down, but Ilagan said he’d try again next session.
“Next year is going to be the year of insurance,” Ilagan predicted.
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No relief in sight for insurance crisis in Lava Zones 1, 2
By MICHAEL BRESTOVANSKY Hawaii Tribune-Herald|Aug. 18th, 2024
State Rep. Greggor Ilagan of Puna said that, all things considered, the insurance market for condo owners statewide is even more dire than for lower Puna residents: At least Puna residents can still get coverage through HPIA, expensive though it is. Condo owners previously didn’t even have that luxury, he said.
But even with the proclamation opening HPIA to them, condo owners and associations will still have to deal with high rates through the HPIA, the same as lower Puna residents, Ilagan said.
“I knew that, once (the proclamation) happens, everyone will wonder what’s going on with Lava Zones 1 and 2,” Ilagan said. “And I’ve been saying, once there’s any subsidies on the table, then I’ll be the first to go after them.”
Ilagan had introduced a raft of bills during the previous legislative session to alleviate the Puna insurance crisis, some of which involved state insurance subsidies. All those bills were shot down, but Ilagan said he’d try again next session.
“Next year is going to be the year of insurance,” Ilagan predicted.
Get POSTLIGHT READER https://reader.postlight.com/
I wish you all the best.