Comments on: Re a huge increase in Ilikai’s insurance premiums

By: Olga

Olga — Wed, 28 Oct 2009 17:29:33 +0000

IMPORTANT: I just received this morning A LOT of new information about our insurance from Mr. John Hall, who is a Board Director and who also works as an insurance agent for our current insurance carrier. He provides a lot more information. But I do have follow-up questions re some of his statements, and also disagree with some statements. That is to say I need time to write that, so I will post this this evening after work. Stay tuned. Obviously, the insurance is a “hot” subject. Discussion is good.

By: C. HAGGERTY

C. HAGGERTY — Wed, 28 Oct 2009 13:34:47 +0000

Olga : Please inform our lovely owners the truth that the home owners did not have a say as Anderson’s were the board and they released the original Insurance Agency that was lower for years.

We didn’t as owners have a say in that one. One of the board members at that time works for the Insurance Company that is insuring us at this time.

Rome wasn’t built in a day and we do have to give the new board a chance till March to do the things we all want.

you can print this on your website.

By: Olga

Olga — Mon, 26 Oct 2009 05:09:56 +0000

Neal, there is definitely more than one company offering this type of insurance in town.

By: Neal

Neal — Mon, 26 Oct 2009 04:25:13 +0000

It sure seems like there is some serious business management issues. I agree with Hans, this should be on the business calender and reviewed. I would think with this type of expense, a preliminary RFP would be sent out 9 months before a contract ends, then screen it down to 2 or 3 companies, select one and be done with it at least a month before a contract ends. Maybe there is only one company who offers this type of insurance in Hawaii??? Doubtful.

By: Foxy

Foxy — Sun, 25 Oct 2009 18:34:13 +0000

In the Directors’ and Officers’ liability section, it says that it includes coverage for the Management Company. Doesn’t Hawaii First have their own insurance?

By: Hans D Puehse

Hans D Puehse — Sun, 25 Oct 2009 16:33:30 +0000

Why would the AOAO purchase insurance coverage for Hawaii First? That seems utterly ridiculous and should be investigated, if true.

By: Hans D Puehse

Hans D Puehse — Sun, 25 Oct 2009 16:30:37 +0000

It seems to me that any AOAO insurance expiration date should be on the Board of Directors’ calendar. In addition, the insurance agent should not wait until 4 days prior to expiration to send out a reminder – unless of course this was done by design. It must be obvious to anyone that AOAO’s switch to another insurance agent was a mistake. It is time that the Board take its responsibility more seriously, if it wants to represent the interests of the owners.