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. |
Todd, Julie Chrisley appeal bank fraud and tax evasion convictionsHawaii Supreme Court chides state's legal moves on water after deadly Maui wildfireFrench athletes at Paris Olympics will receive better mental health protectionClaire Danes carries umbrella for bundledCycling star Evenepoel targets June return from crash ahead of Tour de France and Paris OlympicsEric Bana gets animated during AFL game between the St Kilda Saints and the Western BulldogsThe NBA playoffs are finally here. And as LeBron James says, 'it's a sprint now'Samuel L. Jackson reunites with Pulp Fiction coKarlie Kloss exudes confidence in a bold red midaxi dress as she attends starWatch Ryan Garcia get into an X