Question: I heard the National Flood Insurance Program is moving away from “subsidized” rates. What does this mean? Answer: Due to the catastrophic nature of flooding, most private insurers exclude flood damage from their property insurance. To fill this need,…
You may have seen Kathy Sills selling her Aloha Pops frozen treats in front of the King Kamehameha statue or at Honolulu events such as Eat the Street. Her distinctive tricycle is tricked with a cooler packed with dry ice and $3 pops…
You have a business idea and are mapping out your business plan. Heather Moir-Dangler, chartered life underwriter and chartered financial consultant with Moir Financial & Insurance Services, suggests these five steps to ensure that appropriate risk management is included in…
The president of one of the largest charitable foundations in the state talks about how and why corporations give the way they do. Why would a company like Island Insurance create a foundation rather than just give directly to charity? Before, a…
Question: Delinquent accounts are hurting my business. What can I do to get this problem under control? Answer: Delinquent accounts are an unfortunate part of any business that extends credit. Effective collection efforts can help reduce your losses, but the…
Profitability is the bottom line, but it’s not the end of the story. Consider banks: In 2010 and 2011, Hawaii’s two largest financial institutions, First Hawaiian Bank and Bank of Hawaii, were also the state’s most profitable companies. Last year, they ranked first…
Name: BRADLEY COATES Job: DIVORCE AND FAMILY LAW ATTORNEY Years of experience: 36 START: When Bradley Coates attended the University of Southern California in the 1970s, his plan was to get his Ph.D. and become a history professor – until he saw…
When Iniki hit, many property owners were uninsured, under-insured or covered by a company that couldn’t handle all its claims When a massive storm like Hurricane Sandy strikes, the effects on the insurance industry are felt around the world, including…
Robert Howe has been playing the markets since he was in high school. In 1973, he inherited $5,000 from his aunt and his father suggested he buy stock with the windfall. Howe chose a young consumer-products company called Radio Shack.…
