Hawai‘i Condo Owners Could Benefit From State Plan To Prop Up Insurance Market

Lawmakers are moving forward with bills that would rescue owners facing rising rates. Four years ago, when Charles Schmidt and his wife retired to Hawaiʻi, their monthly homeowners association fee at Mākaha Valley Plantation condominium was $550 a month. Since then, the fee has spiked 60% to $880 per month, largely because of rising insurance…