It has been an active hurricane season thus far for Hawaii, and there are still three months left in the season. To supplement our prior tips for homeowners in preparing to submit insurance claims after a storm [here], below are some additional tips for businesses.
With Hurricane Lane approaching Hawaii, here are some tips for being prepared to submit claims to your insurer or any loss caused by the storm.
Collect important papers, including your homeowners insurance policy so they are available after the storm.
Keep contact information for your insurer and agent available
On August 21, 2018, with Hurricane Lane approaching, the Hawaii Insurance Commissioner issued a declaration allowing out-of-state independent adjusters to assist with claims for thirty days. The declaration is here. The adjuster must be licensed in a state with similar licensing requirements as Hawaii. Hopefully, the addition of more adjusters will assist
The 2018 session of the Hawaii Legislature recently concluded after enacting six insurance-related measures. Each of the bills have been sent to the governor for signature.
Health insurance was the subject of four new measures:
HB1520: The bill prohibits an insurer from renewing or re-enrolling an individual in
This blog reaches the ten year mark this week. We started in December 2007, 1143 posts ago. Blogging has served as a invaluable self-education on multiple coverage issues in an effort to keep abreast of the constantly changing landscape. We hope readers have found the posts to be useful and informative.
Two Damon
Yesterday, I had the pleasure of speaking to the Energy, Environment and Resources section of the Hawaii State Bar Association at the HSBA’s annual convention. My colleague, Peter Mintzer, and I addressed environmental insurance claims. Power point presentation available upon request.
My colleagues Rina Carmel, Karin Aldama and I authored an article entitled, "To Settle or Not to Settle? Bad-Faith Implications in Resolving Underlying Actions." The article appears in the current edition of Coverage, published by the Insurance Coverage Litigation Committee of the ABA. The article is here.
The article addresses the
The ABA's Insurance Coverage Litigation Committee and the Standing Committee on Disaster Response and Preparedness will join forces to present a roundtable to address needs created by Hurricane Harvey:
Weathering the Post-Storm Insurance Claims Process
Presented by: Insurance Coverage Litigation Committee and Standing Committee on Disaster Response and Preparedness
Monday, September 11, 2017 –
In a session dominated by the failed attempt to find a solution for further funding of the Honolulu rail project, a few insurance-related measures passed and have been sent to the Governor for signature.
SB 952 expressly provides that the insurance commissioner has authority to approve long-term care insurance rates, effective January 1
In SB 799, the Hawaii state legislature proposes creating a parametric risk transfer facility which would move hurricane risk into the private market with insurance and reinsurance carriers.
The bill explains that parametric, or index-based, insurance solutions settle claims on the characteristics of a disaster, as opposed to the loss sustained from the
