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Farmers in Hawaii lost $28M because of volcano

A survey of Big Island farmers has found that they suffered nearly $28 million in damages because of the months-long eruption earlier this year of the Kilauea volcano, the Hawaii Tribune Herald reported. The survey of 46 farmers by University of Hawaii’s College of Tropical Agriculture and Human Resources found they collectively lost an estimated $27.9 million in destroyed property, the newspaper reported.Of the total damages reported, nearly two thirds, $17 million, was damage to crops, while destroyed land, buildings and inventory accounted for $4.1 million, $3.3 million and $3 million in losses, respectively, the Herald Tribune reported.The survey found that $13.3 million of the reported damages were from the floriculture industry, with another $6.5 from the papaya industry and $2.5 from the macadamia nut industry.

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Insurance Journal