The market isn’t yet in a state of crisis, but it is at a high risk and is aiming to avoid arriving there. Homeowners insurance customers on the Big Island of Hawaii’s East Rift Zone are still making progress in their recovery following the unprecedented eruption of the Kilauea volcano five years ago in 2018 but are now facing new challenges in terms of sky-high coverage rates. Insurers have started leaving the home, condo and renters markets in the state. In July, the Hawaii Department of Commerce and Consumer Affairs…
Read MoreHawaii County Council asks state for Puna homeowners insurance crisis assistance
