Thursday, February 5, 2026
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Hawaii homeowners face double-digit rate hikes as wildfire risk reshapes market

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AM Best director Chris Draghi said property rates are shaped by economic inflation, risk concentration and weather patterns. He noted that the 2023 wildfires, which destroyed more than 2,200 structures, served as “real world examples” that can reset or adjust the insurance industry’s view of risk.

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Michael J. Anderson is a U.S.-based fire safety enthusiast and writer who focuses on making fire protection knowledge simple and accessible. With a strong background in researching fire codes, emergency response planning, and safety equipment, he creates content that bridges the gap between technical standards and everyday understanding.

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