Hawaii SB3000 addresses climate disasters' impact on insurance, enabling legal action against responsible parties for climate harm costs.

Hawaii SB3000 aims to address the escalating costs and unavailability of insurance due to climate disasters. The bill authorizes the attorney general to bring civil actions against responsible parties for costs and losses related to climate harm. It defines "responsible party" as entities with significant revenue or market capitalization involved in fossil fuel production or marketing in Hawaii. The bill also allows the Hawaii Property Insurance Association, Hawaii hurricane relief fund, or private insurers to recover costs and losses from responsible parties.

Hawaii SB3000 addresses climate disasters' impact on insurance, enabling legal action against responsible parties for climate harm costs.

Hawaii SB3000 aims to address the escalating costs and unavailability of insurance due to climate disasters. The bill authorizes the attorney general to bring civil actions against responsible parties for costs and losses related to climate harm. It defines "responsible party" as entities with significant revenue or market capitalization involved in fossil fuel production or marketing in Hawaii. The bill also allows the Hawaii Property Insurance Association, Hawaii hurricane relief fund, or private insurers to recover costs and losses from responsible parties.