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.
Fake elector case: Former Arizona GOP chair Kelli Ward and others set to be arraigned
NPR suspends editor who criticized his employer for what he calls an unquestioned liberal worldview
Grand Duke Henri of Luxembourg, 69, reveals that he 'intends to retire at some point'
Reeves hits grand slam, South Carolina eliminates Alabama 10
Cops charge 'ringleader' of brutal illegal dog
Barry Keoghan sports a Burberry bandana on his face as he playfully poses with Stormzy at Coachella
Governor's pandemic rules for bars violated North Carolina Constitution, appeals court says
Germany and Real Madrid great Toni Kroos to retire after Euro 2024
Hometown of Laura Ingalls Wilder set for a growth spurt
Rose Byrne looks unrecognisable with a bleached blonde beehive wig on set of latest movie Tow