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HomeMy WebLinkAboutREP GOREDC 011 2021/04/06 (2020-2022) REPORT OF THE COMMITTEE ON GOVERNMENTAL OPERATIONS, RELATIONS, AND ECONOMIC DEVELOPMENT DATE: April 6, 2021 Re: Comm. No. 178/Res. No. 75-21 PLACE: Council Chambers Hilo, Hawaii TIME: 10:31 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Governmental Operations, Relations, and Economic Development, which was referred Resolution No. 75-21, reports as follows: Resolution No. 75-21, introduced by Committee Member Matt Kaneali`i-Kleinfelder, urges the County of Hawaii through its Department of Finance to conduct a study to address the lack of available and affordable property insurance for residents of Lava Zones 1 and 2. Council Member Kaneali`i-Kleinfelder introduced the resolution by summarizing a letter from a local insurance agent stating that home owners in Lava Zones 1 and 2 in Puna, 96778 zip code, are having difficulty finding insurance carriers to offer them policies and the one State funded program that does offer policies has rates that are at an "all-time high." Mr. Kaneali`i-Kleinfelder also emphasized that it is the county's responsibility to look into options for its residents as a matter of"good social policy." Director of Finance Deanna Sako was present and stated that she thought there were some conflicts in the County Code as to whether the County should be acting in the proposed capacity and said that the State of Hawaii has an Insurance Commissioner who seems to be the government official best suited to address this issue. In addition, she noted that she has asked Corporation Counsel for an opinion regarding the County's potential risk in becoming a captive insurance agency for its residents and is awaiting their input. Several council members acknowledged the difficulties County residents have in obtaining affordable home insurance and made statements supporting the idea of an amendment to Resolution 75-21 asking the State to address this issue. It was also noted that the County of Hawai`i's Department of Finance has an enormous task dealing with the County budget and issues relating to Federal ARPA (American Rescue Plan Act) funding and potential infrastructure program funding and may not have the capacity to take on a study such as this at this time. The vote was taken on the motion to move this measure to Council with a favorable recommendation and passed unanimously with eight"ayes." GOREDC Report No.: 11 GOREDC-11 Page 2 April 6,2021 Your Committee on Governmental Operations, Relations, and Economic Development is in accord with the purpose and intent of Resolution No. 75-21, and recommends its adoption. jlk AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID X COMMITTEE ON GOVERNMENTAL INABA x OPERATIONS, RELATIONS, AND KANEALI`I-KLEINFELDER x ECONOMIC DEVELOPMENT KIERKIEWICZ X KIMBALL X LEE LOY x EATHER L. IMBALL, CHAIR RICHARDS X GOREDC RR1 O 2T1.:20 11 VILLEGAS X ADOPTED: