Hawaii wildfire economic damage assessed ...News

The devastating inferno caused up to $6 billion in losses, according to Moody’s RMS Damage from the deadliest wildfire in modern US history, which killed over 100 people and destroyed countless homes and businesses in Hawaii, could range from $4 billion to $6 billion, according to estimates by Moody’s RMS. The global catastrophe risk modeling and solutions company said on Tuesday the estimate reflects direct and indirect losses from damage to physical assets. It does not take into account the blaze’s effect on Hawaii’s gross domestic product, government spending on the response to the catastrophe, or the social co

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