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Monday, June 06, 2016 9:01 PM
FEMA Warns Of Flood Insurance Cutoff
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Monday, May 23, 2016 8:53 PM
On The Move
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Thursday, April 28, 2016 7:46 PM
Employment Gap: 25 Percent Of Insurance Professionals To Retire In Next Four Years
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Thursday, April 14, 2016 7:54 PM
Auto Insurance Penalties In Hawaii Are Among Highest In The Nation
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Monday, February 29, 2016 7:13 PM
Insurance Helps Companies Offset Data Breach Expenses
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Friday, November 06, 2015 7:25 PM
Auditor Attacks Use of Hawaii Hurricane Relief Fund
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Thursday, November 05, 2015 8:17 PM
DTRIC Insurance Founder And CEO Ron Toyofuku To Retire
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Thursday, October 01, 2015 7:11 PM
Firm Set To Pay $120M To Purchase Isle Insurer Zephyr Co.
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Thursday, September 17, 2015 11:52 PM
Hawaii Employers’ Mutual Insurance Co. Board OKs $2.75M Dividend
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Thursday, August 20, 2015 8:49 PM
Hawaii's DTRIC Insurance Co. Adds Cyber Risk Insurance To Its Offerings
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| Hawaii Businesses, Homeowners To See Double-Digit Flood Insurance Premium Hikes |
| Monday, March 24, 2014 |
Nearly 14,000 homeowners and businesses with federally subsidized flood insurance policies in Hawaii, including more than 8,000 on Oahu alone, will see premiums rise, but legislation signed last week means policyholders will see gradual, though still steep, increases in rates over the next 10 years.
The Associated Press reports that under the law signed by President Barack Obama on Friday, owner-occupied homes will see policy rates rise 17 percent per year, while premiums for businesses and second-home owners will jump 25 percent per year.
The AP reports the rate increases will affect at least 830,000 homeowners across the nation, and will continue until the National Flood Insurance Program is collecting enough revenue to cover a $24 billion shortfall.
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