Current location:World Watch news portal > travel
Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
World Watch news portal2024-05-21 17:51:57【travel】1People have gathered around
IntroductionBOISE, Idaho (AP) — Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some pr
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.
Address of this article:http://benin.brianlynch.org/article-6b299696.html
Very good!(52473)
Related articles
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Maine sues biochemical giant over contamination from PCB
- In Russia's Far East, a new heavy
- April 8 solar eclipse: What you need to know before you watch
- Siblings trying to make US water polo teams for Paris Olympics
- 'Immaculate' review: Things get scary for Sydney Sweeney in a convent
- How major US stock indexes fared Friday, 4/12/2024
- Scientists tinker with evolution to save Hawaii coral reefs
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
- Here's a look at moon landing hits and misses
Popular articles
Recommended
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
Thailand: $13.7 billion digital money handout plan unveiled
In Russia's Far East, a new heavy
European satellite falls out of orbit, breaks over Pacific
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
Movie Review: ‘STEVE! (martin)’ looks at past, present in a lovely, intimate 2
In Russia's Far East, a new heavy
Total solar eclipse 2024 wow crowds across North America
Links
- Danish queens don't get to be crowned. But when Margrethe steps down this weekend, her daughter
- Loosening building products red tape 'good first step'
- New US inflation data 'along the lines' of what Fed wants, Powell says
- Meet the new 'dynamic duo'! Anne and Sophie pair up to share the royal burden
- How Katharine, Duchess of Kent bagged a royal prince
- Why is bitcoin halving
- Danish queens don't get to be crowned. But when Margrethe steps down this weekend, her daughter
- Queen Maxima of the Netherlands wows in blue as she meets students in Amsterdam
- Perfect for a 'slimmed
- US 'prepper' culture diversifies amid fear of disaster and political unrest