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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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| Insurance Available For Hawaii Residents In Lava Zones Once Again |
| Thursday, June 11, 2015 |
A new state law has lifted a moratorium on residential property insurance, and the Hawaii Property Insurance Association is again accepting new business applications and coverage increase requests for areas where lava damage is a threat on Hawaii island.
The new law, Act 32, requires any moratorium on the issuance of residential property insurance in any state-of-emergency declared lava zones, such as the town of Pahoa, to be lifted by the HPIA, which was created by the state to insure homes in high-risk lava zones.
Hawaii Insurance Commissioner Gordon Ito said that the lift on the moratorium is an opportunity for Big Island residents to safeguard their homes against unexpected property damage.
PBN previously reported that damages caused by lava could be covered under fire peril policies, depending on the damage, the policy and the insurer.
According to Ito, residents should take advantage of the opportunity to buy or increase coverage before another lava flow takes place, by contacting their insurance agencies for information. The Insurance Division of the Department of Commerce and Consumer Affairs offers information for homeowners on its website as well. |
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