Maui wildfire settlement stalled

This is a Hawaii news story, published by PBS, that relates primarily to Supreme Court news.

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Business & Economics

What's holding up the $4 billion settlement for Hawaii wildfire victims

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Hawaii 's Supreme Court is set to hear arguments Thursday over insurance issues tied up a potential $4 billion settlement over Maui 's catastrophic 2023 wildfire.

The massive inferno decimated the historic town of Lahaina , killing more than 100 people, destroying thousands of properties and causing an estimated $5.5 billion in damage.

Insurance companies say they should have the right to go after the defendants separately to recoup money paid out to policyholders.

The plaintiffs would go back to Cahill ’s courtroom to figure out trial dates for their lawsuits.

If the state Supreme Court agrees that an insurance company can sue defendants directly, “that would likely destroy the global settlement agreement,” an attorney representing individual plaintiffs says.

The settlement could head toward finalization, putting in motion an administrative process.

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semi-formal

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English

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