As the impacts of climate change intensify, the landscape of homeowners insurance is undergoing a transformation, marked by rising costs and difficulties in obtaining coverage, particularly in states prone to
The devastating wildfires in Hawaii have come at a time of upheaval for the insurance industry, in a place that had not been considered very risky by underwriters.
Maui Fires Come at a Moment of Turmoil for the Insurance Industry nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
A spate of devastating climate-driven hurricanes and wildfires in recent years has caused so much damage that many small insurance companies have gone bankrupt, and larger companies have continued to pull out of the riskiest areas.