Hurricane Insurance Data Call Worksheet

JOSH GREEN, M.D. GOVERNOR | KE KIAʻĀINA SYLVIA LUKE LIEUTENANT GOVERNOR | KA HOPE KIAʻĀINA STATE OF HAWAII | KA MOKUʻĀINA ʻO HAWAIʻI DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS KA ʻOIHANA PILI KĀLEPA INSURANCE DIVISION 335 MERCHANT STREET, ROOM 213, HONOLULU, HAWAII 96813 P.O. BOX 3614, HONOLULU, HAWAII 96811 Phone Number: (808) 586-2790 Fax Number: (808) 587-6714 cca.hawaii.gov/ins/ NADINE Y. ANDO DIRECTOR | KA LUNA HOʻOKELE GORDON I. ITO INSURANCE COMMISSIONER MEMORANDUM 2024 – 1R September 16, 2024 TO: All Insurers Writing Residential Hurricane Coverage in Hawai`i FROM: Gordon I. Ito, Insurance Commissioner SUBJECT: Hurricane Insurance Data Call Worksheet The Insurance Commissioner ("Commissioner") is requiring all insurers in the residential hurricane market who currently write, or who wrote at any time within the last fifteen years (i.e. since 2008), to complete the data call worksheet provided by the Insurance Division. Residential hurricane coverage is important for Hawai`i homeowners to obtain. As Hawai`i hurricane experience is not segregated in statutory financial information submitted by insurers, the Commissioner is seeking to capture Hawai`i-specific information on residential hurricane coverage through a separate data call. The Commissioner may exercise his authority to investigate the adequacy of rates and compliance with rate regulation pursuant to Hawai`i Revised Statutes ("HRS") §§431:2-20l(a) and (b) and 431:14-114(c). Pursuant to HRS §431:2-20l(a), "The commissioner shall have the authority expressly conferred upon the commissioner by or reasonably implied from the provisions of this code." Under HRS §431:2-201(b), "The commissioner shall execute the commissioner's duties and shall enforce this code." Pursuant to HRS §431:14-114(c), "to further the uniform administration of rate regulatory laws, the commissioner and every insurer and rating organization may exchange information and experience data with insurance supervisory officials, insurers, and rating organizations in any state and may consult with them with respect to ratemaking and the application of rating systems." In addition, information disclosed in the data call worksheet is confidential and not subject to disclosure pursuant to HRS §431:2D-114, which provides: Whether through market analysis, market conduct action, or in response to another regulatory request, any information provided in response to a data call from the commissioner or the commissioner's designee, shall be treated as confidential and privileged. It shall not be subject to subpoena and shall not be subject to discovery or admissible in evidence in any private civil action. No waiver of privilege or confidentiality shall occur as a result of responding to a data call. Memorandum 2024 – 1R September 16, 2024 Page 2 There are no changes to the worksheet from the previous year, except the reporting period: 2008 – 2022 is now 2009 – 2023. Commissioner’s Memorandum 2024 – 1R and the worksheet are available online at https://cca.hawaii.gov/ins/commissioners-memorandum-2024/. Please submit your completed data call worksheet to the Insurance Division, Rate and Policy Analysis Branch on or before December 31, 2024. Use email address: RPAdatacall@dcca.hawaii.gov and use “2023 Hurricane Data Call” in the subject line. Questions may be directed to Kathleen Nakasone, Insurance Rate and Policy Analysis Manager, at knakasone@dcca.hawaii.gov. Thank you in advance for your cooperation and assistance in this matter.