Although Hawaiians concede they have some work to do in makingtheir regulations more in line with the rest of the country, theAloha State's chief overseer says the goal is to make Hawaii aglobal player on the insurance scene, for both the standard andalternative markets.
State officials are working to make Hawaii “more friendly anduniform with other states” and a better business environment forinsurers, Insurance Commissioner Jeffrey P. Schmidt told membersassembled here for the American Association of Managing GeneralAgents 80th annual meeting.
Mr. Schmidt said Hawaii firmly supports state regulation, butunderstands the need for greater efficiency throughout theindustry.
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