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Storms batter Hawaii as insurance premiums surge and growth slows
Original: Storms batter Hawaii as insurance premiums surge and economic growth slows to a crawl
Severe storms are hitting Hawaii at the same time the state faces a sharp rise in insurance premiums and economic growth has slowed to a crawl. Business coverage links the weather damage to rising costs for homeowners and companies, warning that expensive coverage could weigh further on an already sluggish island economy.
Why now: The combination of storm damage, soaring insurance costs and weak growth is raising concerns about Hawaii's economic outlook.
Evidence
- Storms batter Hawaii as insurance premiums surge and economic growth slows to a crawl · The Business Journals
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