Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
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.
Related articles
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
TALLINN, Estonia (AP) — A Russian court on Monday opened the trial of a theater director and a playw2024-05-21Clockenflap 2023 guide, schedule and map: Hong Kong abuzz for mask
Hongkongers are set to flock to the city’s biggest international music and arts festival this2024-05-21Queen Camilla 'hurt' by Prince Harry's blistering attack in Spare which branded her a 'villain'
Queen Camilla was 'hurt' by Prince Harry's memoir Spare, in which she was labelled 'dangerous' and a2024-05-21'Not our stance': Expert advice on mine application riles councillors
A view of the western fringe of the proposed Tiga Minerals mining area near Barrytown, with the Cano2024-05-21What a blast to work at NASA. Space agency is sky
WASHINGTON (AP) — Exploring the cosmos makes for happy employees, federal workers like to work from2024-05-21OJ Simpson's former NBC Sports co
OJ Simpson's former NBC co-host Bob Costas revealed the 'awkward' joke the accused murder made durin2024-05-21
atest comment