DTRIC Insurance Company, Limited Leaving Hawaii
DTRIC Insurance Company, Limited has announced its intent to transition to a run-off insurance carrier in Hawaii, according to a press release from the state's Department of Commerce and Consumer Affairs.
This decision means that DTRIC will no longer issue new policies or renew existing ones. However, the company will continue to administer all active policies, manage claims, and meet its contractual and statutory obligations over the next several years.
We advise them to ask family, friends, and co-workers for referrals, as well as ensuring they understand their new policy and payment plans before signing anything. Lastly, they should verify that they are working with an authorized and licensed insurance broker.
The Hawaii Insurance Division encourages affected policyholders to contact their agents to identify coverage options.
Author's summary: DTRIC Insurance exits Hawaii market.