HomeMy WebLinkAboutRES 090 Draft 02 1992-1994COUNTY OF HAWAII STATE OF HAWAII
RESOLUTION NO. ~ 93
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WHEREAS, on September 11, 1992, Hurricane Iniki struck the
Hawaiian Islands with devastating effect, causing billions of
dollars in damages; and
WHEREAS, because of the damages sustained during Hurricane Iniki
many insurance companies have stopped issuing new and renewal
homeowners insurance policies; and
WHEREAS, natural disaster residential insurance is necessary a.s
many homeowners are now faced with the lack of insurance coverage
which ultimately creates a situation where mortgage requirements
cannot be satisfied; and
WHEREAS, because of the insurance crisis facing the State of
Hawaii, including the unavailability of insurance and skyrocketing
premiums, it is imperative that the insurance crisis be resolved; and
WHEREAS, the establishment of a federally supported insurance
and reinsurance program could provide protection for homeowners
against financial ruin from losses resulting from natural
disasters; and
WHEREAS, United States Representative Patsy T. Mink has
introduced H.R. 935, "The Earthquake, Volcanic Eruption, and
Hurricane Hazards Insurance Act of 1993," which would establish
federal insurance and reinsurance programs,
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF
HAWAII that it urges the Congress of the United States to enact a
federally supported natural disaster insurance and reinsurance
program and that H.R. 935 be used as a vehicle for such legislation.
BE IT FURTHER RESOLVED that copies of this Resolution be
forwarded to President William J. Clinton; Vice President Albert
Gore Jr., President of the United States Senate; House Speaker
Thomas Foley; Senator Daniel K. Inouye; Senator Daniel K. Akaka;
Representative Patsy T. Mink; Representative Neil Abercrombie;
Governor John D. Waihee III; State Senate President James Aki; State
House Speaker Joseph Souki; and State Insurance Commissioner Linda
Chu Takayama.
Dated at Hilo, Hawaii,
COUNTY COUNCIL
County of Hawaii
Hilo. Hawaii
this 25th day of Auaust 1993.
I BY:
COU CIL MBER, COUNTY OF HAWAII
I hereby certify that the foregoing RESOLUTION was by the
vote indicated to the right hereof adopted by the COUNCIL of
the County of Hawaii on Au aus t 2 5 , 19 9 3
ATTEST:
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ROLL CALL VOTE
AYES NOES ABS
X
EX
Reference_ 13/FCpp86
RESOLUTI(i„ i~0. yV 93
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