Wildfires and Thunderstorms Are Throwing Insurance Market Into Turbulence

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Heard on the Street: Hawaii’s wildfires are a tragic illustration of a phenomenon roiling the insurance industry

Aug. 14, 2023 5:30 am ETMuch of Lahaina, the historic former capital of the Hawaiian Kingdom, was destroyed as wildfires tore through this week. WSJ reporter Alicia A. Caldwell traveled to the town amid rescue operations. Photo: Justin Sullivan/Getty Images

are a tragic illustration of a phenomenon roiling the insurance industry: increasing losses from what were historically considered “secondary” catastrophes.Continue reading your article with

 

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