Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
Time:2024-05-21 19:04:20 Source:entertainmentViews(143)
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.
Previous:Celebrity birthdays for the week of May 26
Next:Dodgers acquire pitcher Yohan Ramírez from Mets for cash
You may also like
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- China Vows to Raise Average Life Expectancy
- China Focus: Shenzhou
- China to Recruit 67,000 Rural Teachers This Year
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- China Mulls Recognition of 18 New Professions
- Chinese People Getting Taller: Health Authorities
- China to Build More Low
- Biden says Brown v. Board of Education ruling was about more than education