Maui wildfires cause more than $1.3 billion in residential property damage: Preliminary estimate

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Maui wildfires cause more than $1.3 billion in residential property damage: Preliminary estimate
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The devastating Maui wildfires, which have killed dozens of people and displaced thousands more, has cost at least $1.3 billion in damage to 3,088 residences.

At least 80 people have died in Maui as wildfires continue to flare up, officials said in an update.

The devastating Maui wildfires, which have killed dozens of people and displaced thousands more, has cost at least $1.3 billion in damage to 3,088 residences, according to a recent preliminaryCoreLogic, a research firm that assesses property data, found that the vast majority of property damage is in Lahaina,live. The company expects more than 2,808 homes will need to be reconstructed, costing $1.1 billion in reconstruction cost value.

Wildfires have raged across the Hawaiian island of Maui, killing at least 80 people. Officials expect the death toll torise and say it could take years to . The catastrophic firestorm also destroyed countless businesses on the island, which the estimate from CoreLogic didn't include.

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