What to know about what's tying up a $4B settlement for Hawaii wildfire victims
Thursday, 6 February 2025 () The Hawaii Supreme Court is scheduled to hear about insurance issues tying up a potential $4 billion Maui wild fire settlement. Seven defendants blamed for causing the deadly tragedy agreed to pay a total of $4.037 billion to resolve claims by thousands of affected people. But a key settlement term says insurance companies canβt separately go after the defendants to recoup money paid to policyholders. Insurers have so far paid more than $2.3 billion to people and businesses devastated by the fires and expect to pay $1 billion more. Insurance companies want to pursue separate legal action against the defendants to recover damages.
Thursday, 6 February 2025 ()
