Tuesday, December 3, 2024
HomeMidweek-NewspapersHawaii Governor Announces $4 Billion Settlement for 2023 Maui Wildfire

Hawaii Governor Announces $4 Billion Settlement for 2023 Maui Wildfire

Aug 3: Hawaii Governor Josh Green has announced a landmark $4 billion settlement to resolve hundreds of lawsuits stemming from the devastating wildfires that ravaged Maui in August 2023. The fires, which resulted in the tragic loss of over 100 lives and caused extensive damage to properties, led to a surge of legal actions against multiple defendants, including the state of Hawaii, Maui County, Hawaiian Electric, and several private landowners and corporations.

The settlement, which aims to compensate approximately 2,200 claimants, including individuals, businesses, and insurance companies, is the result of over four months of intensive mediation. The funds will address claims related to deaths, injuries, and property damage caused by the wildfires, which destroyed over 2,200 buildings and caused an estimated $5.5 billion in damages.

Governor Green emphasized the importance of this settlement in accelerating the recovery process for the affected communities. He noted that similar wildfire settlements in other regions have taken years to finalize, often leaving victims in prolonged uncertainty and hardship. The proposed settlement is expected to be approved by the Hawaii State Legislature, with payments beginning by mid-2025.

The announcement marks a significant step towards rebuilding and providing much-needed relief to those impacted by one of Hawaii’s most destructive natural disasters.

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