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Karen Clark & Company estimates insured property losses from the Lahaina fire will be around $3.2 billion.

"The most common mistake that many business owners make is to blindly renew their insurance," says the U.S. Chamber of Commerce.

The average year-over-year hike was 13.6%, and was worse in some places.

Increased wildfire risks, economics and an inability to increase coverage rates as needed are leaving California homeowners exposed.

The market withdrawal will take 13 months to play out, according to the Hawaii Department of Commerce and Consumer Affairs.

The company will continue operating other commercial lines for small- and medium-sized businesses in the state.

Following a rear-end collision, a pair of Atlanta attorneys offered to settle their client's injury complaint for a $100,000 policy limit, but the defendant's insurer declined.

From 2002-2022, physical damage and bodily injury claims grew more than 4.5%, annualized, the Insurance Research Council reports.