Real Estate News | Real Estate Investing | Stock Market Investing | Passive Income | Flipping | 1031 Exchange | Private Lendi
Wildfire Creates New Housing Crisis in Maui
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:05:11
- Mais informações
Informações:
Sinopse
In addition to the tragic loss of lives in the Maui wildfire, residents and insurance companies are assessing property losses which are currently coming in at about $3.2 billion. But it won’t just be Maui residents paying for this fire. Insurance companies will be raising rates for everyone to help cover their losses. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. As reported by Barron’s, insurance companies won’t have any problem paying claims for fire losses in Maui. The U.S. property and casualty industry is well-capitalized with about $980 billion at the end of last year. That’s according to the Insurance Information Institute. The Institute’s Janet Ruiz told Barron’s: “The Hawaii insurance market is stable. Insurance companies are prepared to handle catastrophes.” Property Insurance Rates But analysts and industry experts say insurance companies are already raising rates as natural disasters cause more and more da