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Hawaiʻi Supreme Court Hears Arguments Over Insurance Issues Tying up Potential Maui Wildfire Settlement

February 7, 2025 at 4:57 am tdemartini
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(AP) — The Hawaii Supreme Court is considering 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 can’t 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.

 

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Tags: Hawaii Supreme Court, insurance companies, Maui wildfire, monetary settlement
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