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. |
Max Fried throws Atlanta's first 9Johnny Cueto signs minor league deal with Texas. He was an AllPakistan's Karachi bans drones due to security threatsJennifer Lopez looks terrified in new trailer for her sciSix winners of the Mail's Inspirational Women Awards are honoured in glittering ceremony in LondonNASA hears from Voyager 1, after months of quietTennessee passes bill to allow armed teachers in public schoolsPakistan's Karachi bans drones due to security threatsHeadteacher insists 12US Figure Skating championships headed to Wichita, Kansas, next year with worlds on tap for Boston