Hawaii suffers its worst flooding in 20 years and forecasters warn more rain is coming

The storm's cost could top $1 billion, Gov. Josh Green said, covering damage to airports, schools, roads, private homes and a Maui hospital in Kula. The estimate implies a sizable regional fiscal and infrastructure burden that may drive state/federal relief requests, boost reconstruction spending and pressure local insurers and tourism-related sectors.

Analysis

The storm's cost could top $1 billion, Gov. Josh Green said, covering damage to airports, schools, roads, private homes and a Maui hospital in Kula. The estimate implies a sizable regional fiscal and infrastructure burden that may drive state/federal relief requests, boost reconstruction spending and pressure local insurers and tourism-related sectors.