Governor of Hawaii Josh Green announced a settlement of more than $4 billion to settle hundreds of claims brought following the fatal wildfires on the Hawaiian island of Maui that killed over 100 people last year.
The state of Hawaii, the County of Maui, Hawaiian Electric, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom, and Spectrum/Charter Communications, the seven defendants, “undertook significant efforts to find a resolution that addresses the needs and ensures the well-being of plaintiffs, all affected individuals, and their families,” according to a statement released by Green. This was less than a year after the devastating wildfires on Maui.
The seven defendants will pay 4.037 billion dollars in accordance with the proposed parameters of the worldwide settlement agreement, which is still pending final documentation and court approval. This money will be used to compensate everyone who
Among the roughly 2,200 impacted parties who filed complaints, have made claims for compensation resulting from the windstorms and wildfires on August 8, 2023, on Maui, the statement said.
Following over four months of mediation between the attorneys and defendants, a settlement agreement was reached to settle the over 450 lawsuits that individuals, businesses, and insurance companies had filed in state and federal courts regarding the fires that occurred in Lahaina and Upcountry Maui.
Following judicial review and approval, a final settlement agreement will become operative upon signature. According to the announcement, the Hawaii State Legislature must approve the state of Hawaii’s share to the settlement. The announcement made clear that the payments would take effect following this clearance and that they would probably commence by the middle of 2025.
The August 8 wildfires of last year had a disastrous effect, killing 102 people and hurting countless others. The US government issued data showing that over 2,200 buildings were destroyed and damages totaling around 5.5 billion dollars were incurred due to the fires.
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