Hawaii’s electric utility acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second wildfire break out nearby and become the deadliest in the …
While wildfire search and rescue efforts continued in Maui, a group of CoreLogic experts gathered online last week to discuss the island’s road to recovery through an insurance lens. Panelists analyzed the disaster’s uncertain billion-dollar price tag as well as …
Hawaiian Electric HE.N said the lawsuit filed against it by the county of Maui was “factually and legally irresponsible,” pointing to the county’s responsibility in the Hawaii wildfires. The company’s shares jumped 30.2% to $12.58 in premarket trading. The stock …
Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit? That’s exactly what Darren Wood is thinking. Wood is the founder and chief product officer at Recoop Disaster Insurance, which is now in 42 …
Washington state Insurance Commissioner Mike Kreidler issued an emergency order requiring all property/casualty insurers to provide additional protections for policyholders impacted by the Gray and Oregon Road fires. The emergency order was made possible by Gov. Jay Inslee’s emergency declaration. …
The county of Maui, Hawaii, on Thursday sued Hawaiian Electric HE.N accusing the power company of acting negligently by failing to shut down its equipment despite warnings hurricane winds could knock power lines down, sparking wildfires. The county said downed …
Shareholders of Hawaiian Electric HE.N on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company’s failure to disclose important information about its wildfire prevention and safety protocols. Hawaiian’s protocols and procedures were …
Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged Maui. The strategy, which doesn’t require proving negligence, helped push …
The Oregon Building Codes Division has partnered with counties on a grant to help homeowners and businesses rebuild after the 2020 and 2021 Oregon wildfires. People who own a home or business damaged or destroyed by the 2020 or 2021 …
Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion. The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, …
