Hawaii SB1166 mandates insurance rates to account for climate change and requires subrogation claims against responsible parties for climate-related.
Hawaii SB1166 amends insurance regulations to require rates that incorporate historical and projected losses from climate disasters and extreme weather. It mandates the Hawaii property insurance association to file and litigate subrogation claims against responsible parties for losses attributable to climate change. The bill aims to ensure insurers can recover costs from entities that have contributed to climate change through misleading practices.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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