BOISE, Idaho (AP) — Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has deemed the risk too high.
It’s a problem that has played out in states across the U.S. as climate change and increasing development has raised the risks of wildfires and other natural disasters damaging communities. Insurance providers, state regulators and researchers are grappling with how to keep the insurance companies in business while keeping residents and their properties insured and protected.
“I think most of the insurers, you know, I’m very grateful that they’re committed to the Hawaii market, so we haven’t seen wholesale withdrawals,” after the Aug. 8, 2023 fire burned through Lahaina and killed 101 people, Hawaii Insurance Commissioner Gordon Ito said during a Wildfire Risk Forum for insurance commissioners held at the National Interagency Fire Center in Boise, Idaho.
Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda
The secrets behind Kylie Minogue's age
Grease star Susan Buckner dead at 72: The actress played cheerleader Patty opposite Olivia Newton
Mexico hit by hours of rolling blackouts due to high temperatures and low power generation
Poland detains and questions Russian man who illegally crossed from Belarus
Freya Allan goes braless in a long
Warner holds out IPL hot shot Fraser
Clarifications and corrections
Pogacar extends Giro lead to over 7 minutes after winning altered Stage 16 amid protests at start
German teams' success in Champions League disrupting Germany's Euro 2024 preparations