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Storms Batter Hawaii as Insurance Costs Surge and Growth Slows
Original: Storms batter Hawaii as insurance premiums surge and economic growth slows to a crawl
Hawaii is being hit by severe storms at the same time as insurance premiums across the state climb sharply and economic growth slows to a crawl. The combination is putting pressure on households and businesses, with rising coverage costs compounding the damage from the weather and adding to concerns about the state's economic outlook.
Why now: The simultaneous arrival of destructive storms, surging insurance premiums and weak growth makes Hawaii an urgent example of climate and cost pressures hitting one economy at once.
Evidence
- Storms batter Hawaii as insurance premiums surge and economic growth slows to a crawl · The Business Journals
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