Hawaii Senate Bill SCR80

Hawaii 2024 Regular Session

• Introduced: 3/8/24
• Refer: 3/14/24
• Report Pass: 4/2/24
• Engrossed: 4/3/24
• Refer: 4/4/24

Caption

Urging The Members Of Hawaii's Congressional Delegation To Introduce Legislation To Expand The National Flood Insurance Program To Include Lava And Earthquake Insurance.

Impact

The proposed expansion of the NFIP to include lava and earthquake insurance could not only address immediate insurance coverage shortages but also mitigate the economic challenges facing residents in high-risk areas. The resolution underscores the need for federal assistance to ensure that property owners in Hawaii can secure affordable insurance options tailored to their unique geographical risks. By pushing for this expansion, SCR80 highlights the vulnerability of constituents living in areas prone to natural disasters, making a strong case for federal intervention in the property insurance market.

Summary

Senate Concurrent Resolution 80 (SCR80) urges Hawaii's congressional delegation to introduce legislation that would expand the National Flood Insurance Program (NFIP) to include insurance coverage for damages caused by lava flows and earthquakes. The resolution highlights the unique challenges faced by residents in lava zones on Hawaii Island, particularly in Puna, where traditional insurance options are limited and often exorbitant. The lack of coverage options has created significant financial strain for these communities, especially since businesses like Universal Property & Casualty have exited the Hawaii insurance market, leaving many residents relying on the more expensive Hawaii Property Insurance Association (HPIA).

Sentiment

The sentiment surrounding SCR80 reflects a call for increased support and recognition of the distinctive risks faced by Hawaiian communities. Supporters advocate for the necessity of federal action to create insurance frameworks that are inclusive of natural disasters specific to islands like Hawaii, mirroring protections available for flood-prone areas. The urgency of the matter is heightened by rising living costs and the difficulties of maintaining property under such risks, creating a sentiment of resilience but also frustration with current limitations in insurance access.

Contention

While SCR80 calls for the expansion of the NFIP, there may be contention regarding federal versus state roles in managing such insurance programs. Some legislators might argue over the appropriateness of federal involvement in state-specific insurance matters versus empowering state legislation to address these unique challenges independently. Additionally, the concerns regarding the affordability and efficacy of lava and earthquake coverage underscore a need for robust analysis on how such expansions would be implemented and funded.