Hawaii Homeowners Insurers Hike Rates After Catastrophic Wildfires: Homeowners carriers in Hawaii are facing wildfire, hurricane and volcanic activity risks while dealing with economic inflation and higher reinsurance costs.(Best's State Rate Filings)

Strong homeowners rate increases are hitting Hawaii, where carriers facing wildfire, hurricane and volcanic activity risks also have been dealing with economic inflation and higher reinsurance costs. The state's largest homeowners writer, State Farm, was approved for a 28.5% effective rate hike on Nov. 15 for hail/wind/hurricane in its independent Hawaii…