The 2023 fires devastated the island, causing widespread damage and deaths.
A consortium of Hawaii businesses and state entities have agreed in principle to compensate and settle parties affected by the wildfires that ravaged the island of Maui a year ago.
Altogether 2,200 parties filed approximately 450 lawsuits following the disastrous incident, which resulted in more than 100 deaths and billions in damages.
“This Global Settlement of over $4 billion will help our people heal,” said Green. “My priority as Governor was to expedite the agreement and to avoid protracted and painful lawsuits so as many resources as possible would go to those affected by the wildfires as quickly as possible. Settling a matter like this within a year is unprecedented, and it will be good that our people don’t have to wait to rebuild their lives as long as others have in many places that have suffered similar tragedies.”
“Achieving this resolution will allow all parties to move forward without the added challenges and divisiveness of the litigation process,” said Shelee Kimura, president and CEO of Hawaiian Electric. “It will allow all of us to work together more cohesively and effectively to support the people of Lahaina and Maui to create the future they want to see emerge from this tragedy.”
Settlement and Vulnerability of Fire-Impacted
The governor said that the agreement was arrived at after more than four months of mediation, with the latest settlement conditional on the resolution of insurance company claims and judicial approval.“In the coming weeks, we’ll provide a detailed account of the numbers and costs and when resources will become available to survivors and their families,” Green said.
“Overall, the total scope of the recovery, which includes past insurance claims, county, federal and state support, will approach $12 billion.”
After receiving final approval, the payments are expected to be disbursed starting mid-2025.
Many people, including qualified health professionals, left Maui following the disaster, rendering the region more vulnerable.
“The vast majority of those directly impacted are still living in ‘temporary housing,’ and most are recovering from the upheavals of having to move multiple times since the fires,” said the survey.
https://www.theepochtimes.com/us/hawaii-announces-4-billion-combined-settlement-for-deadly-maui-fires-5699122
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