How does Hawaii plan to battle rising insurance rates?
'It really varies from carrier to carrier. Some have been more proactive with rate increases on a smaller scale. From 10 to 15 percent per year,' said Bump.
Hawaii Supreme Court hears arguments over Lahaina wildfire victims' global settlement
As rates grow, coverage shrinks from some providers — none of whom have pulled out of the Hawaii market completely nor cut off whole neighborhoods like what happened to many in Palisades, Calif. just before January's disaster.
'So there may be individuals who get nonrenewal notices because the carrier hasn't pulled out of the market. It's still writing in other areas, but maybe it's limiting the type of structure it wants to write or avoid areas that are in flood zones.'
The Insurance Division's Online Premium Comparison Guides may be complicated to decipher, but they show consumers how much prices can vary between dozens of regulated carriers for the same coverage.
It's meant to help homeowners, condo owners and even renters shop around.
'We're looking very closely at rate filings, scrutinizing those working with insurers to hopefully minimize those rate increases that they're filing for,' Bump added.
Deal reached: How will the $4B Lahaina Global Settlement be split for fire victims?
But a whole bunch of coverage happens outside the state's kuleana, especially condo associations, which are layers of coverage that regulators cannot control.
'They turn to what we call the surplus lines market, and they are able to still find coverage, but it's at rates that might be much higher than what we traditionally have seen.'
Governor Josh Green tasked the Hawaii Hurricane Relief Fund's board with setting up a state-based alternative.
'We're in an emergency, but we're not moving like there's an emergency,' said Senator Jarrett Keohokalole, Committee on Commerce and Consumer Protection.
KHON2 has asked the commissioner if he can push the board and its contractor to hurry it up.
Check out more news from around Hawaii
'They have laid out a timeline where they want to get policies out to the market by summer.'
We will continue to follow up on ways for the state to facilitate and for consumers to find more affordable and attainable coverage to get out of this insurance emergency.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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CNN
21-07-2025
- CNN
Colbert's first post-cancellation ‘Late Show' is tonight — will he speak out against CBS?
Network late-night shows have been losing viewers for years, but 'The Late Show with Stephen Colbert' is primed for a ratings bump right now. That's because Monday night will be Colbert's first new episode since CBS shocked the media sector by announcing 'The Late Show' will end next May. Colbert is slated to have two Hollywood stars, Sandra Oh and Dave Franco, as his guests. Later in the week, he will interview Pennsylvania Gov. Josh Shapiro. Last week's cancellation announcement sparked speculation among fans that CBS might have pulled the plug for political reasons, given Colbert's status as an outspoken critic of President Trump. The network, however, said it was 'purely a financial decision' in a declining broadcast industry. Additionally, as some insiders have pointed out, if CBS was trying to appease Trump, why leave 'The Late Show' on the air for an extra ten months of Trump mockery? Get Reliable Sources newsletter Sign up here to receive Reliable Sources with Brian Stelter in your inbox. ESPN and MSNBC veteran Keith Olbermann, who has been through the TV cancellation wringer several times, made that point on X over the weekend. He responded to a woman who said, 'We are officially at the 'pulling comedians off the air who criticize our dear leader' phase of fascism,' and said, 'Sorry. That's not what happened here. If it had, they wouldn't be keeping him on until next MAY.' The timing coincides with the end of the September-to-May broadcast TV season and the expiration of Colbert's current contract. Jed Rosenzweig, founder of the late-night TV news website LateNighter, told CNN that Colbert 'obviously' won't pull any punches when it comes to Trump. 'But his comments about the show's cancellation last week seemed very carefully chosen — gracious, even — toward his CBS bosses, whom he praised as 'great partners,'' Rosenzweig observed. 'Maybe he meant it. Maybe he doesn't blame his direct bosses for the decision. Or maybe he's just doing what he can not to burn the house down with ten months still to go,' Rosenzweig said. 'He'll be fine, of course — but he also has 200 staffers to think about.' The slow-motion ending of the show led one person close to Colbert to describe it to CNN as a 'casualty of the merger.' CBS parent company Paramount has been struggling to secure approval from the Trump administration for its pending merger with Skydance Media. In an unusual move that Paramount insisted was unrelated, the company settled Trump's legally dubious lawsuit against CBS News earlier this month by agreeing to pay $16 million toward a future presidential library. Colbert bashed that decision on 'The Late Show' last Monday, likening it to a 'big fat bribe.' Last Friday, the Writers Guild of America encouraged the New York State attorney general to investigate Colbert's cancellation as a possible 'bribe' too. The conjecture isn't likely to go away. 'The timing seems so obvious and keeping with Paramount's quid pro quo theme,' a former CBS executive speaking on condition of anonymity told CNN's Jake Tapper. 'If it were just financial, why announce this now?' Networks typically make lots of show renewal and cancellation decisions in the spring, around the time they ask sponsors to make significant ad spending commitments for the upcoming season, a process known as the 'upfronts.' Announcing a drastic change in the middle of the summer is far less common. But the financial pressures are real. Advertisers have been pulling back from late-night spending in response to weakening ratings and growing digital competition, and 'The Late Show' had become unprofitable, according to sources close to CBS. Reactions to the cancellation have generally split right down party lines. An article on the pro-Trump website Breitbart framed the story this way: 'While the left is lamenting the loss of Stephen Colbert, their CBS late-night shill, the network had already given Colbert years of operating at a huge loss before finally cancelling him.' And, of course, Trump celebrated the end of Colbert's show in a Truth Social post last Friday. 'Let's face it: Even if CBS says Trump had nothing to do with it, Trump thinks he did,' Bill Carter, who authored two books about late-night TV and has covered the industry for decades, said on CNN. 'He's already come out and celebrated that Colbert has been 'fired,' because that's what he wanted.' 'It's kind of a dark turn for the country,' Carter said, 'to think, well, 'We can't have people being satiric about our political leaders because they can basically eliminate them if they put pressure on their corporate owners.' It's a bad sign for the country.' With the sustainability of the late-night business model in question, fans are also wondering about the fates of NBC's Jimmy Fallon and ABC's Jimmy Kimmel, though both shows might stand to gain audience share once CBS retires its 11:35 p.m. brand. 'I hear Jimmy Kimmel is next,' meaning to be cancelled, Trump wrote in his Truth Social post. Kimmel's most recent Instagram post was a photo from his summer vacation in Jackson Hole, where he attended an anti-Trump protest with his family last week. The comedian held up a sign mocking Trump and declaring, 'MAKE AMERICA GOOD AGAIN.' His wife, Molly McNearney, the head writer and executive producer of 'Jimmy Kimmel Live,' also held up a sign. It read, 'DON'T BEND THE KNEE.' Kimmel and Fallon's shows will both return with new episodes on Monday night. (Though Kimmel has guest hosts all summer long.) But Colbert is certain to elicit the most interest. 'Colbert is one of the greatest practitioners of the winking aside,' Rosenzweig said, 'and I expect we'll all be parsing his words for subtle digs at his predicament and his parent company tonight and throughout the next ten months.'


CNN
21-07-2025
- CNN
Colbert's first post-cancellation ‘Late Show' is tonight — will he speak out against CBS?
Network late-night shows have been losing viewers for years, but 'The Late Show with Stephen Colbert' is primed for a ratings bump right now. That's because Monday night will be Colbert's first new episode since CBS shocked the media sector by announcing 'The Late Show' will end next May. Colbert is slated to have two Hollywood stars, Sandra Oh and Dave Franco, as his guests. Later in the week, he will interview Pennsylvania Gov. Josh Shapiro. Last week's cancellation announcement sparked speculation among fans that CBS might have pulled the plug for political reasons, given Colbert's status as an outspoken critic of President Trump. The network, however, said it was 'purely a financial decision' in a declining broadcast industry. Additionally, as some insiders have pointed out, if CBS was trying to appease Trump, why leave 'The Late Show' on the air for an extra ten months of Trump mockery? Get Reliable Sources newsletter Sign up here to receive Reliable Sources with Brian Stelter in your inbox. ESPN and MSNBC veteran Keith Olbermann, who has been through the TV cancellation wringer several times, made that point on X over the weekend. He responded to a woman who said, 'We are officially at the 'pulling comedians off the air who criticize our dear leader' phase of fascism,' and said, 'Sorry. That's not what happened here. If it had, they wouldn't be keeping him on until next MAY.' The timing coincides with the end of the September-to-May broadcast TV season and the expiration of Colbert's current contract. Jed Rosenzweig, founder of the late-night TV news website LateNighter, told CNN that Colbert 'obviously' won't pull any punches when it comes to Trump. 'But his comments about the show's cancellation last week seemed very carefully chosen — gracious, even — toward his CBS bosses, whom he praised as 'great partners,'' Rosenzweig observed. 'Maybe he meant it. Maybe he doesn't blame his direct bosses for the decision. Or maybe he's just doing what he can not to burn the house down with ten months still to go,' Rosenzweig said. 'He'll be fine, of course — but he also has 200 staffers to think about.' The slow-motion ending of the show led one person close to Colbert to describe it to CNN as a 'casualty of the merger.' CBS parent company Paramount has been struggling to secure approval from the Trump administration for its pending merger with Skydance Media. In an unusual move that Paramount insisted was unrelated, the company settled Trump's legally dubious lawsuit against CBS News earlier this month by agreeing to pay $16 million toward a future presidential library. Colbert bashed that decision on 'The Late Show' last Monday, likening it to a 'big fat bribe.' Last Friday, the Writers Guild of America encouraged the New York State attorney general to investigate Colbert's cancellation as a possible 'bribe' too. The conjecture isn't likely to go away. 'The timing seems so obvious and keeping with Paramount's quid pro quo theme,' a former CBS executive speaking on condition of anonymity told CNN's Jake Tapper. 'If it were just financial, why announce this now?' Networks typically make lots of show renewal and cancellation decisions in the spring, around the time they ask sponsors to make significant ad spending commitments for the upcoming season, a process known as the 'upfronts.' Announcing a drastic change in the middle of the summer is far less common. But the financial pressures are real. Advertisers have been pulling back from late-night spending in response to weakening ratings and growing digital competition, and 'The Late Show' had become unprofitable, according to sources close to CBS. Reactions to the cancellation have generally split right down party lines. An article on the pro-Trump website Breitbart framed the story this way: 'While the left is lamenting the loss of Stephen Colbert, their CBS late-night shill, the network had already given Colbert years of operating at a huge loss before finally cancelling him.' And, of course, Trump celebrated the end of Colbert's show in a Truth Social post last Friday. 'Let's face it: Even if CBS says Trump had nothing to do with it, Trump thinks he did,' Bill Carter, who authored two books about late-night TV and has covered the industry for decades, said on CNN. 'He's already come out and celebrated that Colbert has been 'fired,' because that's what he wanted.' 'It's kind of a dark turn for the country,' Carter said, 'to think, well, 'We can't have people being satiric about our political leaders because they can basically eliminate them if they put pressure on their corporate owners.' It's a bad sign for the country.' With the sustainability of the late-night business model in question, fans are also wondering about the fates of NBC's Jimmy Fallon and ABC's Jimmy Kimmel, though both shows might stand to gain audience share once CBS retires its 11:35 p.m. brand. 'I hear Jimmy Kimmel is next,' meaning to be cancelled, Trump wrote in his Truth Social post. Kimmel's most recent Instagram post was a photo from his summer vacation in Jackson Hole, where he attended an anti-Trump protest with his family last week. The comedian held up a sign mocking Trump and declaring, 'MAKE AMERICA GOOD AGAIN.' His wife, Molly McNearney, the head writer and executive producer of 'Jimmy Kimmel Live,' also held up a sign. It read, 'DON'T BEND THE KNEE.' Kimmel and Fallon's shows will both return with new episodes on Monday night. (Though Kimmel has guest hosts all summer long.) But Colbert is certain to elicit the most interest. 'Colbert is one of the greatest practitioners of the winking aside,' Rosenzweig said, 'and I expect we'll all be parsing his words for subtle digs at his predicament and his parent company tonight and throughout the next ten months.'
Yahoo
15-07-2025
- Yahoo
Here's How Much You'd Have If You Invested $1000 in Etsy a Decade Ago
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries. The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks. What if you'd invested in Etsy (ETSY) ten years ago? It may not have been easy to hold on to ETSY for all that time, but if you did, how much would your investment be worth today? With that in mind, let's take a look at Etsy's main business drivers. Etsy is primarily an e-commerce service provider that operates a two-sided marketplace platform called The company completed its Initial Public Offering (IPO) in core operational countries include the United States, the U.K., Canada, Germany, Australia and Etsy reported revenues of $2.8 billion in 2024. Notably, the company generates revenues from marketplace activities and other optional company generated $2.02 billion of marketplace revenues, which accounted for 72.1% of the total 2024 revenues. Further, it generated $787.5 million in services revenues, which accounted for 28% of the total allows various merchants to list and sell their unique and creative products belonging to categories like homewares and home furnishings, jewelry and personal accessories, apparel, craft supplies, paper and party supplies, and beauty and personal care via its marketplace platform, which has emerged as the cash cow of Etsy, enables merchants to manage products and inventory, process orders and payments, ship orders, and build customer relationships company's strong technology infrastructure helps it deliver robust buyer and seller experience and analyze the huge volume of customer data to strengthen the performance of its marketplace Merchandise Sales (GMS), which is the key growth metric of the company, is generated from the strengthening marketplace activities. Meanwhile, services revenues are generated from fees that sellers pay for the optional services on both Etsy and Reverb marketplace. Advertising services and Etsy Shipping Labels are optional services available to sellers on the Etsy advertising products, namely Bump and Reverb Shipping Labels, are optional services available on the Reverb platform. Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Etsy, ten years ago, you're likely feeling pretty good about your investment today. According to our calculations, a $1000 investment made in July 2015 would be worth $3,495.46, or a gain of 249.55%, as of July 15, 2025, and this return excludes dividends but includes price increases. In comparison, the S&P 500's gained 197.24% and the price of gold went up 179.60% over the same time frame. Analysts are forecasting more upside for ETSY too. Etsy is benefiting from accelerating Marketplace revenues which is driven by strength in Offsite Ads. Depop's increasing shipping label revenues is contributing well to Service revenue growth. Growing momentum across reactivated and new buyers is a plus. Increasing investments to support sellers with a targeted marketing campaign to promote the availability of a seller financing program offered via a third-party partner, are boosting active seller base stock has outperformed its industry in the year-to-date softness in large product categories like home, living and craft supplies remains a concern. Accelerating costs related to the shift to Offsite Ads and increasing marketing expenses are overhangs. Sluggish consumer discretionary spending due to macroeconomic headwinds is a major headwind in the ner-term. Over the past four weeks, shares have rallied 7.09%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2025 compared to none lower. The consensus estimate has moved up as well. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Etsy, Inc. (ETSY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data