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Hawaii and Maui County Reach $4.037 Billion Settlement to Support Recovery After Devastating Wildfires
In a significant move, Hawaii, Maui County, Hawaiian Electric Industries (HECO), and other defendants have agreed to a $4.037 billion settlement to resolve lawsuits related to the devastating wildfires that struck Lahaina in August 2023, resulting in 102 fatalities. HECO’s contribution is set at $1.99 billion, but the specific amounts from other companies such as Spectrum Oceanic, Charter Communications and Hawaiian Telcom remain undisclosed. This settlement, achieved after extensive negotiations, aims to expedite support for the affected communities and assist in their recovery.
Governor Josh Green praised the settlement as a rapid and unprecedented resolution. He noted that finalizing the deal so quickly within a year of the fires will help avoid prolonged legal disputes and deliver aid to those in need more swiftly. Jesse Creed, an attorney representing the plaintiffs, expressed optimism that the settlement funds will enable survivors to rebuild their homes and lives, according to the report of Civil Beat.
(photo: South China Morning Post)
Insurance Claims Hold Up Settlement for Fire Victims
The completion of the settlement hinges on addressing insurance claims. Despite the large settlement amount insurers who have already paid out over $2 billion in claims are not included in the agreement, which could potentially reduce the funds available for fire victims. The settlement terms give insurers 90 days to either resolve their claims or allow a court to decide on the distribution of the funds. Additionally, the state’s share of the settlement requires approval from the Legislature with payments anticipated to begin by mid-2025.
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