Moody's RMS estimates that Hawaii will see an estimated $6 billion in losses related to the Maui wildfires.

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Hawaii Faces Est. $6B in Damages From Wildfires

And Hawaii is facing up to $6 billion in economic losses following the devastating wildfires in Maui. According to a new estimate by Moody's RMS, those losses are expected to include property damage as well as business interruption across multiple industries. The risk modeling agency said Tuesday that about 75% of those losses will be covered by insurance due to the island's high insurance penetration rates. Construction costs are estimated to be about 44% more in Hawaii compared to the mainland, which means that the rebuilding process will be an expensive one to complete.