According to the updated damage assessment from the Pacific Disaster Center and FEMA, Maui County experienced $5.52 billion in “capital exposure,” which is the estimated cost to rebuild following damage by the Lahaina Fire. .
. The catastrophic firestorm also destroyed countless businesses on the island, which the estimate from CoreLogic didn’t include.from the Pacific Disaster Center and FEMA on Saturday, Maui County experienced $5.52 billion in “capital exposure,” which is the estimated cost to rebuild following damage by the Lahaina Fire.
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. “Many of the residential properties in Lahaina appear to have wood siding, and a number of them have elevated porches with a lattice underneath,” Thomas Jeffery, CoreLogicprincipal wildfire scientist, said in the findings. “Both are characteristics that make the residence very vulnerable to either ember or direct flame ignition.”
This graphic shows the location of fires on the island of Maui, Hawaii, Thursday, Aug. 10, 2023. Several thousand Hawaii residents raced to escape homes on Maui as the Lahaina fire swept across the island, killing multiple people and burning parts of a centuries-old town. However, the full extent of the damage is still unknown. It will take “some time” to figure that out, CoreLogic emphasized. CoreLogic created preliminary wildfire perimeters for its study that could change, it said.For more CNN news and newsletters create an account at
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