Maui plaintiffs reach $4 billion global settlement following wildfire tragedy lawsuits

Josh Green announced a historic $4.037 billion settlement Friday to resolve claims arising from the tragic Aug. 8, 2023, Maui wildfires that left more than 100 people dead, thousands of others displaced and homes and businesses destroyed. The seven defendants – state of Hawai’i, County of Maui, Hawaiian Electric, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom and Spectrum/Charter Communications – “undertook significant efforts to find a resolution that addresses the needs and ensures the well-being of plaintiffs, all affected individuals, and their families,” according to a press release from Green’s office. The hall of historic Waiola Church in Lahaina and nearby Lahaina Hongwanji Mission are engulfed in flames along Wainee Street on Aug. 8, 2023, in Lahaina, Hawaii. Matthew Thayer/The Maui News via AP The settlement addresses roughly 450 lawsuits filed by individuals, businesses, and insurance companies in both state and federal courts in connection with the fires in Lahaina and Upcountry on the island of Maui. The settlement agreement remains subject to final documentation and court approval, according to Green’s office. As of now, the governor’s office states that the agreement is conditional “on the resolution of the insurance companies’ claims that have already been paid for property loss and other damages, with no additional payments from the defendants.” An aerial image taken on Aug. 10, 2023 shows destroyed homes and buildings burned to the ground in Lahaina in the aftermath of wildfires in western Maui, Hawaii. Patrick T. Fallon/AFP via Getty Images “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,” said Green in a Friday statement. As the community prepares to mourn those who’ve been lost one year later, the community is also still in the midst of its rebuilding, with building permits newly being issued, debris removal ongoing and some families still displaced. “In light of the recent settlement, the County will continue working with wildfire victims and their representatives to provide services and resources throughout the recovery period,” the County of Maui said in a press release Friday evening. “The agreement is an important first step and represents the commitment of the signatories towards reaching a final settlement that would provide compensation to those impacted by the tragic fires,” said County Corporation Counsel Victoria Takayesu. – This Summarize was created by Neural News AI (V1). Source: https://abcnews.go.com/US/maui-victims-reach-4-billion-global-settlement-wildfire/story?id=112509864