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