AAA is introducing a new homeowners program in Hawaii, combining a full product rewrite with a reworked rating structure, both set to take effect on December 1, 2026.

On the product side, AAA is rolling out new HO-3, HO-4, and HO-6 forms. The policy also draws firm boundaries around catastrophe risk: hurricane is excluded as a base peril, while wildfire smoke is addressed through capped coverage and specific loss definitions, pointing to a tighter approach to managing volatility in a market exposed to both wind and fire.

The pricing filing complements this shift. AAA reported 4,007 policyholders in the state, with written premium of $2,509,248. It is requesting a 21% rate reduction, which would lower written premium by $525,935, despite an overall indicated change of 1.1%.

As background, Lemonade submitted a renters insurance form filing last month with a proposed effective date of April 3, 2026. The company does not currently offer homeowners insurance in the state.