By the authority vested in me by the Constitution and laws of the State of Hawaii, to provide relief for disaster damages, losses, and suffering, and to protect the health, safety, and welfare of the people, I, JOSH GREEN, M.D., Govemor of the State of Hawaii, hereby determine, designate and proclaim asfollows:

WHEREAS, under chapter 127A, Hawaii Revised Statutes (HRS), emergency powers are conferred on the Govemor of the State of Hawaii to respond to disasters or emergencies, and generally to protect the public health, safety, and welfare, and to preserve the lives, properly, and environment of the State.

WHEREAS, in 2023, the U.S. experienced 28 separate weather or dimate disasters that each resulted in at least $1 billion in damages;

WHEREAS, in 2023, the reinsurance market had over $100 billion in losses for the 4th consecutive year in a row;

WHEREAS, due to the increase in worldwide dimate events, reinsurance has become more expensive and less available. Reinsurance rates have increased 20-50% per yearfor the past few years. Primary insurers have passed these increased costs on to policyholders;

WHEREAS, in Hawaii, condominium assodations are fadng the challenge of limited insurance options for hunicane insurance because of the tightening reinsurance market;

WHEREAS, only 3 insurers are offering master polides, which insure the common areas of the condominium, to condominium assodations in Hawaii, often covering just 20-30% of a building’s hurricane exposure;

WHEREAS, this has forced associations to use surplus lines insurers to cover the rest of the building’s hurricane exposure, at higher rates not approved by the Insurance Commissioner, pushing up master policy premiums and deductibles;

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