STAND. COM. REP. NO.
Honolulu, Hawaii
APR 0 3 2024
RE: S.R. No. 160
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committees on Commerce and Consumer Protection and
Public Safety and Intergovernmental and Military Affairs, to which
was referred S.R. No. 160 entitled:
"SENATE RESOLUTION REQUESTING THE INSURANCE COMMISSIONER TO
CONDUCT A COMPREHENSIVE STUDY ON WILDFIRE RISK AND INSURANCE,
INCLUDING MARKET-BASED APPROACHES,"
beg leave to report as follows:
The purpose and intent of this measure is to request the
Insurance Commissioner to conduct a comprehensive study on
wildfire risk and insurance, including market-based approaches.
Your Committees received comments on this measure from the
Insurance Division of the Department of Commerce and Consumer
Affairs.
Your Committees find that the August 2023 Maui wildfire is
changing the way insurers view Hawaii's wildfire risk, much like
how in 1992, Hurricane Iniki affected the coverage of new
hurricane insurance policies in the State. As climate change
increases the likelihood of future extreme weather events, the
increased risk of property damage stemming from wildfires may
cause insurers to raise rates, limit coverage for certain losses,
or exit high-risk markets entirely. Your Committees find that it
is in the public interest to ensure the availability and
affordability of insurance coverage for Hawaii residents, and
therefore, this measure requests the Insurance Commissioner to
2024-2319 SR SSCR SMA.docx
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 STAND. COM. REP. NO.
Page 2
conduct a study on the various issues surrounding wildfire risks
and insurance in Hawaii.
As affirmed by the records of votes of the members of your
Committees on Commerce and Consumer Protection and Public Safety
and Intergovernmental and Military Affairs that are attached to
this report, your Committees concur with the intent and purpose of
S.R. No. 160 and recommend its adoption.
Respectfully submitted on
behalf of the members of the
Committees on Commerce and
Consumer Protection and Public
Safety and Intergovernmental
2024-2319 SR SSCR SMA.docx
 The Senate
Thirty-Second Legislature
State of Hawaii
Record of Votes
Committee on Commerce and Consumer Protection
CPN
Bill / Resolution No.:* Committee Referral: Date:
3/Z2-/2.ij
__ The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to: ______________________________________
The Recommendation is:
vf Pass, unamended Pass, with amendments __ Hold Recommit
2312 2311 2310 2313
Members Aye Aye (WR) Nay Excused
KEOHOKALOLE, Jarrett (C)
FUKUNAGA, Carol (VC)
MCKELVEY, Angus L.K.
RICHARDS, III, Herbert M. “Tim”
AWA, Brenton
TOTAL
Recommendation: __ z
Adopted __ Not Adopted
Chair’s or Designee’s Signature:
Distribution: Original Yellow Pink Goldenrod
File with Committee Report Clerk's Office Drafting Agency Committee File Copy
*Only one measure per Record of Votes
Revised: 12/27/23
 The Senate
Thirty-Second Legislature
State of Hawai‘i
Record of Votes
Committee on Public Safety and Intergovernmental and Military Affairs
PSM
Bill / Resolution No.:* Committee Referral: Date:
» ' I (
__ The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to:__________________________________
The Recpffimendation is:
V^Pass, unamended Pass, with amendments __ Hold __ [Recommit
2312 2311 2310 2313
Members Aye (WR) Nay Excused
WAKAI, Glenn (C)
ELEFANTE, Brandon J.C. (VC)
FUKUNAGA, Carol
RHOADS. Karl
AWA, Brenton
Recommendation:
TOTAL
/
4 f 1
|>X Adopted __ Not Adopted
Chair’s or Designee’s Signature:
Distribution: Original 1 ^llow / Pink Goldenrod
File with Committee Report! Office/ Drafting Agency Committee File Copy
*Only one measure oer Record of Votes
Revised; 01/09/24