Lahaina Fire expected to be an earnings event, effects of reconstruction, BI claims unclear
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

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

Kyoung-son Song, 
Jairo Ibarra
17 August 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
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

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsLossesCatastrophes
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
jairo ibarra 2024 ii us 2.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article