Lahaina Fire expected to be an earnings event, effects of reconstruction, BI claims unclear
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Lahaina Fire expected to be an earnings event, effects of reconstruction, BI claims unclear

Kyoung-son Song, 
Jairo Ibarra
17 August 2023
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Lahaina fire aerial courtesy Hawai‘i DLNR.jpg
Photo: Hawai‘i DLNR

The Lahaina Fire’s insured property losses will likely be an earnings event for the P&C industry, but it may take longer to have clarity over reconstruction costs and contingent BI claims, according to industry sources.

Early estimates from modeling firms suggest a range from $1bn to a little above $3bn, with a majority of the damaged structures being residential.

Sources

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Topics

News Claims and losses Catastrophe losses Hurricane Wildfire Property
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Kyoung-son Song
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Jairo Ibarra
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