100 Ward Avenue • Honolulu, Hawaii • Ph (808) 527-7777 • Fax (808) 543-2300 • ficoh.com
Other Products
Risk management taken to the next level.
Through its wholly-owned subsidiary, First Risk Management Services (FiRMS), First Insurance offers an assortment of innovative and complementary risk-management brokered products and services. These products include an Excess & Surplus lines brokerage, Flood Insurance, Captive Insurance management services, and both Home and Equipment Warranty programs.
Excess & Surplus Coverage
Designed to provide an extra layer of coverage above and beyond the standard policy. Also applies to risks that are traditionally difficult to cover. First Insurance's E & S brokerage has access to many lines of coverage.
Flood Insurance
Flood losses aren't usually covered by your homeowners insurance. That's why flood waters have the power to damage not only your home, but also your financial security. Protect your home or business with a flood insurance policy from First Insurance, a participating company in the National Flood Insurance Program (NFIP).
Captives
Captive insurance programs are created to meet the specific needs of the insured parties/owners. They are highly flexible and tailored to address the unique requirements of the insured.
Through FiRMS, First Insurance provides professional captive insurance management services for Hawaii-domiciled captive insurance companies, with services to U.S. mainland, Asia-Pacific and Hawaii-based captive owners. Because of its favorable captive insurance statutes, tax structure, and an established, experienced infrastructure, Hawaii continues to attract interest as a captive insurance domicile.
Captive insurance programs are created through close discussion and interaction with owners, insured parties, and Hawaii regulators.
FiRMS provides the following captive management services:
- Setup/Feasibility Study
- Actuarial Support
- Program Management
- Reinsurance Coordination
- Fronting Assistance
- Underwriting
- Investment Coordination
- Claims Administration
- Loss Control
- Financial/Statutory Reporting
- Legal and Regulatory Administration
For detailed information about captive insurance and an analysis of your company's specific needs, please contact:
Colin Teraoka, CPA
Captive Insurance Consultant
First Risk Management Services, Inc.
1100 Ward Avenue | Honolulu, Hawaii 96814
Email: colin.teraoka@ficoh.com
Phone: (808) 537-7465 | Fax: (808) 543-3406
HSA Home Warranty
The HSA Home Warranty program is tailored to the specific needs of Hawaii homeowners, and provides protection from the cost and inconvenience of unexpected breakdowns. Coverage under the Value Plan includes water heater, plumbing parts, gas, drain and water lines, electrical, ceiling fans, garbage disposal, refrigerator and much more. No other home warranty offers the same level of flexibility. Underwritten by Home Security of America and available in Hawaii exclusively through First Insurance.