Maui fires lawsuit settled for $4 billion global compensation

A global settlement has been reached in lawsuits seeking damages for the 2023 Maui wildfires, with a total value of $4.037 billion. The settlement aims to resolve all claims related to the fires, and a court filing has been submitted to enforce the agreement. The motion seeks to prevent insurers from separately pursuing defendants to recover money paid to policyholders. The settlement was reached amid concerns that Hawaiian Electric could be on the brink of bankruptcy.