Hawaii News

The Commissioners

Hawaii:Perfectly poised for insurers in the Pacific Rim Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already …

New Markets

New Builder Construction Nuts & Bolts: Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new owner builder course of construction policy in California. Coverage is written on a homeowners HO-3 Form. Builders Risk policies can be converted …

Court Approves Transfer of Hawaiian Insurance & Guaranty

The First Circuit Court of Hawaii has granted a motion approving the transfer of assets and policy obligations from Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance Guaranty Co., to qualified buyer GNW (Great Northwest Insurance) Hawaii …

Hawaii Hurricane-Prepared Homeowners to Get Grant

Hawaii homeowners who have taken steps to strengthen their homes against hurricanes and windstorms could be reimbursed up to $2,100 under a new state program. Qualified homeowners will be eligible to get about a third of their costs covered by …

Agency Management Resource Group Hosts Agribusiness Conference

Agency Management Resource Group is hosting its first annual Agribusiness Conference at Lake Shastina Golf Resort in Northern California. The event will be held on Thursday, Oct. 5 and Friday, Oct. 6, 2006, from 8 a.m. to 5 p.m. The …

Buyer found for Hawaiian Insurance & Guaranty Ltd.

Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance & Guaranty Co. Ltd., has announced that an agreement has been reached with a buyer for HIG. While the commissioner’s office says the name of the buyer is confidential …

Businesses Help Bring Down Hawaii Workers’ Comp Insurance Rates

The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 12.3 percent in the workers’ compensation loss costs. The filing would affect premiums …

Thousands Hawaii Residents Affected in Freeway Accident

Hawaii Gov. Linda Lingle defended shutting down all six westbound lanes of the H-1 Freeway, which is used by 200,000 vehicles a day, saying it was a safety decision. An excavator being towed by an Army truck slammed into a …

Hawaii Captive Insurance Chief Receives Award

The American Institute of Certified Public Accountants has awarded Craig Watanabe, head of the Captive Branch in the Hawaii Insurance Division, Department of Commerce and Consumer Affairs (DCCA), with the national award for Outstanding CPA in State Government for 2006. …

Hawaii to Host Hearing to Clarify Payments to Claimants’ Attorneys

Pursuant to Hawaii Revised Statutes section 431:2-201 and chapter 91, the Hawaii Insurance Division has published a notice that it will hold a public hearing on Wednesday, Oct. 25, 2006, at 10 a.m., in the Queen Kapiolani Conference Room, 2nd …