Key points on Maui fire (courtesy of Real Estate News) ~
- Damages from the wildfires, which destroyed around 2,220 structures, may run between $2-4 billion.
- Compared to Hawaii’s last disaster of this magnitude, a hurricane which struck Kauai in 1992, the recovery may happen faster.
- “We have a very good sense of the height of the hill we need to climb,” said CoreLogic’s VP of hazard and risk management.
Read their full story on Maui fire at https://www.realestatenews.com/2023/08/25/reason-for-optimism-as-mauis-road-to-recovery-takes-shape.
Our previous post on the Maui fire is here.