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CNN Smerconish June 4, 2024 19:38:00

Event was, i think there will be a lot of pressure on the state and other organizations to improve their fire prevention actions that they re taking statewide. reporter: the increase in fires in hawaii comes as maui has faced increasing drought conditions in recent years, contributing to warnings like this, in a may webinar from the wildfire management organization. hawaii has a big wildfire problem, we are on par with states in the western continental u.s. the impacts are broad and long lasting. reporter: now residents are left to rebuild again as the threat of disasters looms with no clear plan in place. i know what i need to do. we ve done it before. it sucks. reporter: pamela brown, cnn, washington. for more information on how you can help hawaii wildfire ....

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Bravo! for a working anniversary and lots of work with kids

Bravo! for a working anniversary and lots of work with kids
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CNN CNN This Morning June 4, 2024 11:35:00

You can see since 2000, inflation was riding steadily. then, boom, 2020 hit. it s going straight up. and this is just materials. it doesn t even include labor. now we know california has a wildfire problem. look at this. 7,000 plus wildfires. that s per year. and this these fires have consumes more than 2 million acres. again, per year. if you look at the worst, the most destructive california wildfires, three of them, 2018, 2020, 2017, three of them have occurred in just the last six years. the campfire in 2018 was not just the state s deadliest wildfire ever, it was also the most expensive n fact, the most expensive natural disaster in the entire world. it s not the first one to pull back in that state. ....

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CNN CNN This Morning June 4, 2024 11:34:00

Risks. a decision, that decision went knee infect over the weekend. according to the company though, it does not impact personal auto insurance. cnn reporter hear with us now. so, matt, walk us through this decision. what does this really mean for folks? well, this is a big deal. state farm is not some tiny player in california. it s actually the state s biggest home insurer. and now they are retreating in california. they cited three specific reasons, one, skyrocketing rebuilding costs. that is a particular will you big problem. california has a wildfire problem. and these first two issues have made it hard for insurance companies to get reinsurance which is a way for insurance company to pass on risk. it s kind of like insurance for and insurance companies. now here s what state farm says in a statement. it s in toes take the actions now to improve the company s financial strength. now let s look at the inflation part of this story. that is this shows producer prices for constructi ....

Auto Insurance , Matt Eagan , State Farm , Home Insurer , Rebuilding Costs , Insurance Company , Wildfire Problem , Insurance Companies , Inflation Part , Construction Materials , Producer Prices ,

CNN CNN News Central June 4, 2024 14:49:00

Strikes, and in california, it is striking more because of the state s wildfire problem, and then re-insurance which is the insurance for the insurers is harder to come by in california because of the first two issues, inflation and wildfire. now the company says they had no choice here in order to boost the financial results they felt they needed to take a step back in california. the inflation issue of course it is not a problem specific to california and it is a national issue, if not a global one, and it is a catastrophe risk that is specific to california. the governor s office there says that the state has averaged 7,000 wildfires per year over the last 5 years, and in california they have looked at the stunning climate crisis and ....

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