The parties in lawsuits seeking damages for last year’s Maui wildfires have reached a $4 billion global settlement, a court filing said Friday, nearly one year after the deadliest U.S. wildfire in more than a century.
The term sheet with details of the settlement is not publicly available, but the liaison attorneys filed a motion Friday saying the global settlement seeks to resolve all Maui fire claims for $4.037 billion.
In a news release, the office of Hawaii Gov. Josh Green confirmed the settlement amount and said it was reached after more than four months of negotiation. His office said it “resolves approximately 450 lawsuits that were filed by individuals, businesses, and insurance companies in state and federal courts.”
The seven co-defendants involved in the settlement include the state of Hawaii, Maui County, Hawaiian Electric, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom and Spectrum/Charter Communications.
Green said in a statement that the settlement will “help our people heal,” emphasizing that he sought 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.”
The motion asks the judge to order that insurers can’t separately go after the defendants to recoup money paid to policyholders.
“We’re under no illusions that this is going to make Maui whole,” said Jake Lowenthal, a Maui attorney selected as one of the liaisons for the coordination of the cases. “We know for a fact that it’s not going to make up for what they lost.”
He noted there were “extenuating circumstances” that made lawyers worry the litigation would drag on for years.
Some lawyers involved have expressed concern about reaching a settlement before possible bankruptcy of Hawaiian Electric Company.
Now that a settlement has been reached, more work needs to be on next steps, like how to divvy up
the amount.
“This is the first step to allowing the Maui fire victims to get compensation sooner than later,” Lowenthal said.
The Aug. 8, 2023, wildfire killed 101 people and destroyed the historic downtown area of Lahaina on Maui. It burned thousands of homes and displaced 12,000 people.
In the spring, a judge appointed mediators and ordered all parties in the hundreds of lawsuits filed to participate in settlement talks.
In a June survey from the Hawaii State Rural Health Association, 71% of Maui County respondents who were directly impacted by the fires said they have since had to cut back on food and groceries for personal financial reasons. The survey found that most residents of Maui were more worried than hopeful about the future.
Source Agencies