By the authority vested in me by the Constitution and laws of the State of Hawai’i, 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., Governor of the State of Hawaii, hereby determine, designate and proclaim as follows:

WHEREAS, under chapter 127A, Hawaii Revised Statutes (HRS), emergency powers are conferred on the Governor 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, property, and environment of the State.

WHEREAS, in 2023, the U.S. experienced 28 separate weather or climate 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 climate events, reinsurance has become more expensive and less available. Reinsurance rates have increased 20-50% per year for the past few years. Primary insurers have passed these increased costs on to policyholders;

WHEREAS, in Hawaii, condominium associations are facing the challenge of limited insurance options for hurricane insurance because of the tightening reinsurance market;

WHEREAS, only 3 insurers are offering master policies, which insure the common areas of the condominium, to condominium associations 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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