Insured losses from Maui wildfires at least $1 billion - Moody's

FILE PHOTO: The shells of burned houses and buildings are left after wildfires driven by high winds burned across most of the town in Lahaina, Maui, Hawaii, U.S. August 11, 2023. Hawai'i Department of Land and Natural Resources/Handout via REUTERS/File photo

LONDON (Reuters) - Moody's Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion.

More than 2,000 structures were damaged or destroyed and more than 2,700 structures exposed, Moody's said in a report, citing estimates from The Pacific Disaster Center and FEMA.