Real-Estate & Development

Hawaii's Housing Market Faces Unprecedented Threat: Climate Change and Insurance Crisis Converge

·5 min read

A new report from the Hawaii Appleseed Center for Law & Economic Justice highlights the escalating home insurance crisis in Hawaii, driven by climate change, aging housing, and the withdrawal of private insurers. This crisis threatens to destabilize the real estate market and create significant challenges for homeowners and the broader economy.

Aerial view of Honolulu cityscape with Diamond Head and Pacific Ocean in the background.
Photo by Michael Rocha

Hawaii's business landscape is increasingly under pressure as a new report from the Hawaii Appleseed Center for Law & Economic Justice sounds a dire warning about the state's home insurance market. The report spotlights a rapidly deteriorating situation, attributing the crisis to a confluence of factors: climate change, the age of existing housing infrastructure, and a concerning retreat by private insurers.

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