Small, local insurers likely to fare the worst from Maui wildfires: AM Best
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Small, local insurers likely to fare the worst from Maui wildfires: AM Best

Abbie Wood
23 August 2023
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hawaii august 2023 wildfire damage courtesy Hawai‘i DLNR.jpg

Smaller, local insurers are more likely to face "severe impacts" to their capital plans, reinsurance and enterprise risk management programs as a result of the recent Maui wildfires, according to the new AM Best report.

Large carriers with geographic spread across the continental US will have the capital and reinsurance coverage to absorb losses related to the wildfires, it stated.

These

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