HOLOMUA Volume 26 Issue 9

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Yvette Barradas | VP, Claims

In just a few weeks, I’ll be celebrating my 5 -year anniversary with the company, and I can honestly say it has been an incredible journey. As I approach this milestone, I’ve been meeting with our individual units to check in on progress and hear firsthand about what’s working well and where we might need to focus more attention. While there are always areas for growth and improvement, I am truly grateful for the opportunity to be part of this great team and to continue working together toward our shared goals. Thank you all for making this experience so rewarding!

New Auto Insurance Minimum Limits Take Effect January 1, 2026

Heads up, FICOH drivers: Important changes to state auto insurance laws are on the horizon.

In 2024, the Hawaii State Legislature passed Senate Bill 2342, which increases the minimum liability insurance requirements for both Commercial and Personal Auto policies. These new limits will go into effect on January 1, 2026, marking the first increase in nearly 25 years.

What’s Changing? Effective 1/1/26, the new minimum liability coverage limits will be: • $40,000 Bodily Injury – Per Person (up from $20,000) • $80,000 Bodily Injury – Per Accident (up from $40,000) • $20,000 Property Damage – Per Accident (up from $10,000)

What This Means for FICOH To prepare for the change, FICOH submitted filings to the Hawaii Insurance Division, which were approved on June 19. We’re now working to implement new or additional limits in Guidewire.

Impact to Our Policyholders The good news: The number of affected FICOH policies is relatively low. • Personal Auto: Policies at minimum limits make up about 5% of the book. • FSP-Auto: Polices at minimum limits make up less than 1% of the book. • Commercial Auto: Policies at minimum limits make up less than 3% of the book.

We’ll continue to support affected policyholders as we move toward the January 1 effective date.