Isle company sued over insurance claim
By Alan Yonan Jr., The Honolulu Star-Advertiser | |
McClatchy-Tribune Information Services |
Deutsche Bank Trust Co.
Sandwich Isles leases the cable from Paniolo and makes lease payments using government subsidies it receives as part of a federal program created to provide telecommunications service to "high cost" areas. The
Because of the subsidy reduction, Sandwich Isles in
As part of the financing arrangement,
"Nevertheless, HIC has not made payment under the policy to DBTCA," according to the suit.
Hee said he had not seen the suit, but added he had indicated to
"We disagree. We believe the insurance policy does not cover this circumstance. It is going to come down to a coverage issue," Hee said in an email.
"We, along with the entire rural telephone industry, continue to provide uninterrupted service while we work on a solution to the problems caused by the
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