What's Being Discussed

Investment portfolio review: The board will look at how HHRF funds are currently invested and consider updates to the rules guiding those investments.
Consulting contract update: A status report on a sole-source contract with Aon Re, Inc. for consulting services.
New insurance product: Discussion about creating a hurricane insurance option specifically for single-family homes.
Operations update from Marsh USA, LLC: The program administrator will share data on how many people are enrolled in the program and provide an update on a records storage cleanup project.
Affordable condos and property insurance: The board will discuss a recent Hawaii Business Magazine article about the loss of affordable condominiums in Honolulu and its connection to the property insurance crisis.
$5 million fund transfer: The board will discuss a new state law (Act 296) that directs up to $5,000,000 from the hurricane reserve trust fund into a condominium loan revolving fund to help stabilize property insurance for condo owners.
Upcoming meeting dates: The board will confirm meeting schedules through the end of 2026.

Decisions Expected

A vote to approve meeting minutes from May 12, May 26, and June 9, 2026.
Possible action related to investment policy changes and the $5 million condominium fund transfer.

Who Should Pay Attention

Homeowners and condo owners looking for hurricane insurance options in Hawaii.
Residents concerned about rising property insurance costs, especially in Honolulu.
Insurance industry professionals and anyone interested in how the state manages hurricane risk funds.