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. |
Robin Goodfellow's racing tips: Best bets for Friday, April 12Masterful meals: Pea and white truffle soup with Parmesan galettesI get shamed by other mothers for being naturally pretty with a good figureQueen Camilla praises Kate MiddletonSpace X: Rocket set to slam into moon wrongly blamed on Elon MuskLife's little luxuries: Facial massage toolsFood writer baffles This Morning viewers with tips for cheap lunchesAnt and Dec discuss their emotional farewell to Saturday Night Takeaway after 22 yearsHow Lady Louise Windsor is tipped for a key role in Prince William's future monarchyFeeble, sophomoric and paper