Tag: Maui wildfires

Insurance losses continue to climb from Maui wildfires

G. Turner
Insurance losses - Home fire - money

Aid has started a slow arrival to the Hawaiian island that has been devastated by the blazes. As Hawaii attempts to cope with the aftermath of the catastrophic wildfires that killed over 100 people and destroyed as many as 2,200 structures, the insurance losses continued to be tallied and are only climbing. The economic impact of what the blazes left behind is also only just beginning to be tallied. The Biden administration announced that it would be sending $700 per household in aid to individuals critically impacted by the Maui…

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Hawaii wildfires cause second highest losses to the insurance industry in the state

Nordstrom
Lahaina from the sky

The total covered losses are still climbing on Maui island and will reach the state’s second highest. The total losses the insurance industry is on the hook for due to the Hawaii wildfires on Maui island are expected to reach the second highest in the history of the state, according to modeling cited by a recent Reuters report. The rapidly moving blaze began last week and has devastated the historic resort town of Lahaina. Lahaina has been particularly hard-hit by the blazes. A historic resort town today, it was once…

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