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Hawaii Hurricane Relief Fund aims for June rollout, plans reinsurance and servicing model around $170M seed fund
Summary
The Hawaii Hurricane Relief Fund board told the Joint Committee on Commerce and Consumer Protection on April 3, 2025, in Conference Room 329 that it plans to issue its first hurricane supplemental policies in June 2025 and is working to finalize a servicing model and a reinsurance program to extend the fund's claim‑paying capacity.
The Hawaii Hurricane Relief Fund board told the Joint Committee on Commerce and Consumer Protection on April 3, 2025, in Conference Room 329 that it plans to issue its first hurricane supplemental policies in June 2025 and is working to finalize a servicing model and a reinsurance program to extend the fund's claim‑paying capacity.
The HHRF board, which convened in July 2024 and retained Aon as a consultant, said it will use the existing $170,000,000 as initial capital and will seek reinsurance and a servicing administrator to underwrite, bind and adjust policies. Board vice…
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