Maui Wildfires Kill 59, Cause $1.3-B In Property Damage

The devastating Maui wildfires, which have killed dozens of people and displaced thousands more, have cost at least $1.3 billion in damage to 3,088 residences, according to a recent preliminary estimate from CoreLogic, Ramishah Maruf reported for CNN.

Photo Insert: The vast majority of property damage is in Lahaina, a tourist and economic hub where at least 9,000 people live.

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 $1.1 billion in reconstruction cost value. Pulehu has about $147 million in damage, and Pukalani has about $4.2 million, CoreLogic forecasts.

Wildfires have raged across the Hawaiian island of Maui, killing at least 59 people. Officials expect the death toll to rise and say it could take years to fully recover. 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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