Maui’s Lahaina Fire Estimated to Cost Insurers $3.2 Billion
People ride a scooter past buildings destroyed by wildfires in Lahaina, Maui, Hawaii.
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The wildfire that started near the town of Lahaina on the Hawaiian island of Maui and ravaged thousands of acres is estimated to have cost insurers about $3.2 billion, according to one risk-modeling firm.
The estimate from Karen Clark & Co. is the latest data point underscoring the cost of rebuilding after the deadliest US wildfires in more than a century. They killed at least 99 people, according to a tally from Maui County. Federal estimates peg overall damage at more than $5.5 billion.