Herald

Herald

Measures seek to ease Puna's insurance crisis

A raft of bills in the state Legislature aim to stave off an insurance crisis in lower Puna. The region has been grappling with skyrocketing insurance rates and limited coverage options, leaving residents vulnerable to financial hardships in the event of natural disasters. These bills propose various solutions to address the situation and provide relief to the affected communities.

One of the proposed measures focuses on increasing competition among insurance providers in the area. By attracting more insurers to operate in Puna, the hope is that increased competition will lead to lower premiums and more comprehensive coverage options for residents. This would not only provide immediate relief but also create a more sustainable insurance market in the long run.

Another bill aims to establish a state-backed insurance program specifically for lower Puna residents. This program would offer affordable coverage to those who are currently unable to obtain insurance due to high costs or limited options. By providing a safety net, this program would ensure that residents have access to essential coverage and are not left financially exposed during times of crisis.