U.S, May 3 -- Under Hawaii Governor Green's leadership, the committee will be crucial in drafting a comprehensive climate-resilience policy, drawing from diverse perspectives, including Governor Green's administration, climate science experts, business and financial experts, and legal professionals. The CAT is a testament to Hawai'i's commitment to maintaining stable housing and insurance markets as climate disaster risk grows over the next decade.

As one of its first projects, the CAT will recommend steps to create a durable fund to mitigate dynamic climate change impacts and develop a fair and comprehensive structure to resolve claims related to future disasters. This is necessary to stabilize the insurance market and defray the financ...