AccuWeather says its preliminary estimate of the total damage and economic loss is between $8 billion and $10 billion.
The fires won’t just have an immediate impact on residents, their homes and businesses, but weigh on tourism going forward, AccuWeather said.
AccuWeather... The deadly wildfires in Hawaii may cost as much as $10 billion, according to an estimate. The fires won’t just have an immediate impact on residents, their homes and businesses, but weigh on tourism going forward, AccuWeather said. AccuWeather says its estimate incorporates both insured and uninsured losses. According to AccuWeather, the expected losses from the wildfire compare to the estimated $3 billion to $5 billion from the flooding last month in the Northeastern United States and the $10 billion to $12 billion for the southern ice storm in February.
According to Jefferies, the top insurers in Hawaii are State Farm, Berkshire Hathaway BRK.B , Tokio Marine 8766 , USAA and Allstate ALL .
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hawaii Wildfire Updates: Island Fires Rage as Hurricane Passes South of HawaiiHawaii wildfires, fueled by winds from Hurricane Dora, have led to evacuations as they continue to spread across the island. Acting Gov. Sylvia Luke has issued a proclamation in response to the situation.
Read more »
In FirstEnergy class action, Ohioans get $16 as lawyers make millionsAttorneys will make $13 million, while most class members will receive $10 to $20.
Read more »
UBS Cuts $10 Billion Government Backstop For Credit Suisse RescueThe government guarantee could have protected the bank from around $10 billion in losses linked to its takeover of Credit Suisse.
Read more »
UBS Sheds Swiss Government Aid for Credit Suisse TakeoverUBS said it would no longer rely on Swiss government assistance tied to its emergency takeover of Credit Suisse in March, marking an important step in the absorption of its smaller rival
Read more »