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☆ Lahaina wildfire insured property loss to be about $3.2 bln - KCC
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

The damage at the Ho'Onanea condominium complex is seen in the aftermath of a wildfire, in Lahaina, Maui, Hawaii, U.S. August 10, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsAug 16 (Reuters) - Insured property losses from the wildfire that ravaged the resort town of Lahaina in Hawaii last week are estimated to be about $3.2 billion, catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday. More than 2,200 structures fall within the fire perimeter, KCC estimated, citing an independent geospatial analysis of satellite and aerial imagery. The high proportion of wood frame and older construction present in the Lahaina buildings likely contributed to the damage, it said. Moody's Investors' Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii would be at least $1 billion.

Persons: Jorge Garcia, Karen Clark, KCC, Aon, Noor Zainab Hussain, Saumyadeb Organizations: REUTERS, Karen Clark & Company, Insurance, Investors, Tokio, Allstate, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Bengaluru

☆ The death toll rises to 80 in Maui wildfires as survivors begin returning to communities in ruins
▼ + stars: | 2023-08-12 | by ( ) www.cnbc.com time to read: +7 min

Maui residents John Rey Serrano and Lexie Lara look from a road above Lahaina Town in the aftermath of a wildfire in Lahaina, western Maui, Hawaii on August 11, 2023. Maui County raised the number of confirmed deaths to 80 in a 9 p.m. statement Friday. Cadaver-sniffing dogs were deployed to search for the dead, Maui County Mayor Richard Bissen Jr. said. Maui County's hazard mitigation plan updated in 2020 identified Lahaina and other West Maui communities as having frequent wildfires and several buildings at risk. The report also noted West Maui had the island's second-highest rate of households without a vehicle and the highest rate of non-English speakers.

Persons: John Rey Serrano, Lexie Lara, Anthony Garcia, Garcia, I'm, Josh Green, Green, Richard Bissen Jr, Anne Lopez, Lopez, Lynn Robinson, Kyle Scharnhorst, Gilles Gerling, Karen Clark, Bobby Lee, Andrew Whelton, Lana Vierra, Riley Curran, Curran, I've Organizations: roosters, Gov, Hawaii News, Associated Press, Iniki, Karen Clark & Company, Hawaii Firefighters Association, Purdue University Locations: Maui, Lahaina, Hawaii, Maui County, Kaanapali, West Maui, U.S, California, Paradise, Molokai, Kula

☆ Hawaii wildfires to cause second-largest total insured loss in state's history - KCC
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

The damage at the Ho'Onanea condominium complex is seen in the aftermath of a wildfire, in Lahaina, Maui, Hawaii, U.S. August 10, 2023. REUTERS/Jorge GarciaAug 11 (Reuters) - The total insured loss from the ongoing wildfires on Maui island is expected to be the second largest in Hawaii's history, according to catastrophe modeling firm Karen Clark & Company (KCC). The firm estimates the total area burned at about 2,200 acres, while roughly 3,500 buildings within the fire perimeter. Insurance broker Aon said the extreme devastation to homes, businesses and other structures in Lahaina would likely drive economic and insured losses into the hundreds of millions of dollars. Reporting by Manya Saini in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jorge Garcia, Karen Clark, KCC, Aon, Manya Saini, Shilpi Majumdar Organizations: REUTERS, Karen Clark & Company, Maui, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Hawaiian, Bengaluru

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