Hawaii moves to free up $200 million in stranded wildfire insurance money & more related News Here

A bill that cleared the Hawaii Legislature, SB 2930 (introduced by Senators Angus McKelvey, Stanley Chang and Troy Hashimoto), would increase the spending limits on the State Risk Management Revolving Fund established under Section 41D-4 of the Hawaii Revised Statutes. This fund holds property and liability insurance proceeds received by the state after state facilities and other property in Lahaina were damaged or destroyed in the 2023 Maui wildfires. According to the bill’s findings, those proceeds are to be used “to repair, rebuild, and restore affected state facilities and infrastructure.”