Maui wildfire settlement

Nearly a year after the devastating Maui wildfires that claimed 102 lives and destroyed Lahaina, a proposed global settlement has been reached totaling $4.037 billion. This settlement aims to resolve over 600 lawsuits against various defendants, including Hawaiian Electric and local government officials, who are accused of contributing to the disaster. While the settlement provides some relief, attorney Jake Lowenthal emphasized that it will not fully compensate the losses endured by victims, as the overall cost of the disaster is estimated to be nearly $12 billion. Hawaiian Electric, which faces significant scrutiny and potential bankruptcy, is set to pay the largest share of the settlement. Hawaii Governor Josh Green praised the swift resolution, stating it exemplifies the community's resilience and commitment to healing. The settlement is awaiting court approval and will help expedite recovery for many affected residents.