Maui wildfires cause more than $1.3 billion in residential property damage, according to a preliminary estimate | CNN Business

The devastating Maui wildfires, which have killed dozens of people and displaced thousands more, has cost at least $1.3 billion in damage to 3,088 residences, according to a recent preliminary estimate from CoreLogic. CoreLogic, a research firm that assesses property data, found that the vast majority of property damage is in Lahaina, a tourist and economic hub where at least 9,000 people live. The company expects more than 2,808 homes will need to be reconstructed, costing $1.

The catastrophic firestorm also destroyed countless businesses on the island, which the estimate from CoreLogic didn’t include. The structure of the Lahaina properties, combined with the hurricane-force winds and deadly gusts, allowed the firestorm to decimate many of the area’s buildings.

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Portable hotspots arrive in Maui to bring internet to residents and tourists | CNN BusinessPortable mobile hotspots have arrived in Maui to help bring internet service to the thousands of people who may have been unable to call for help since the wildfires started to rage out of control on the island.
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