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Bill

HB 1057

RELATING TO THE STABILIZATION OF PROPERTY INSURANCE.

2026 Regular Session Introduced by Nadine Nakamura

HB 1057 proposes measures to stabilize Hawaii's property insurance market, referred to committees for review of mechanisms to address availability and affordability challenges.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1057

Legislative bill overview

HB 1057 addresses property insurance stabilization in Hawaii, though the specific mechanisms are not detailed in the provided legislative history. The bill was introduced in the 2025 session and carried over to the 2026 regular session for continued consideration. This suggests the proposal requires further development or deliberation before advancing.

Why is this important

Hawaii faces documented challenges with property insurance availability and affordability, particularly in coastal and high-risk areas. Insurance market stability directly affects homeownership accessibility, property values, and economic development across the state. Legislative action on this issue can influence whether residents can obtain adequate coverage at reasonable rates.

Potential points of contention

  • Market intervention scope: Whether the bill expands state insurance programs (like Hawaii Property Insurance Association) or imposes regulations on private insurers, and how this balances consumer protection against insurer viability
  • Cost allocation: How stabilization measures are funded—whether through premium adjustments, general funds, or industry assessments—and who bears the financial burden
  • Coverage standards: Defining what property types and risk levels qualify for stabilized insurance, which affects affordability but also potential taxpayer exposure

Compiled from official sources — confirm details with the bill’s official record.

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