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

  • The Maui wildfires have caused at least $1.3 billion in damage to over 3,000 residences, with Lahaina being the most affected area.
  • CoreLogic estimates that over 2,800 homes will need to be reconstructed, costing $1.1 billion in reconstruction costs.
  • The structure of the Lahaina properties, combined with strong winds, made them vulnerable to ignition, leading to widespread destruction.
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CNN broke the news in Atlanta, United States on Friday, August 11, 2023.
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