Expect bag checks at next year’s Fiesta De Los Reyes after shootings 2 years in a row, SAPD chief saysCopyright 2024 The Associated Press. All rights reserved.
Insurance industry researchers say part of the solution could come from homeowners taking steps to make their properties more fire-resistant. In the early 1970s, the U.S. had more annual fire deaths than any other industrialized nation, Cope told the insurance commissioners, but a 1973 government-commissioned report on the problem called “America Burning” led to dramatic improvements, in part because of the widespread adoption of smoke detectors and building codes.
The economic effects of a catastrophic fire last for years, said Ito. Insurance companies in Hawaii have already paid roughly 80% of the claims filed for personal property, nearly 100% of the claims filed for motor vehicles and about half of the commercial insurance claims, he said. Commercial insurance claims typically take longer because additional records are needed to document the losses sustained by a business.