EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Hawaii announces $4 bn settlement in wildfire lawsuits

Emma Reilly by Emma Reilly
August 3, 2024
in Economy
Reading Time: 5 mins read
A A
0
82
SHARES
1k
VIEWS
Share on FacebookShare on Twitter

Wildfires that devastated the Hawaiian island of Maui a year ago moved so quickly some people plunged into the ocean to survive. ©AFP

San Francisco (AFP) – A $4 billion settlement has been reached to end thousands of lawsuits filed in the wake of devastating wildfires on Maui nearly one year ago, the governor of Hawaii announced Friday. Defendants including the state of Hawaii, Maui County, and Hawaiian Electric utility will pay the money to compensate victims – including about 2,200 who filed lawsuits – for losses from deadly wildfires on the island of Maui.

Related

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

Why stablecoins are gaining popularity

Bank of Japan holds rates, will slow bond purchase taper

“This Global Settlement of over $4 billion will help our people heal,” Hawaii Governor Josh Green said in a release. “Settling a matter like this within a year is unprecedented, and it will be good that our people don’t have to wait to rebuild their lives as long as others have in many places that have suffered similar tragedies.” The settlement was reached after four months of mediation, but must be approved by a judge to become final. It also hinges on resolving claims by insurance companies that have paid out for property loss or other damages.

The fire that raged on August 8 of last year was the deadliest wildfire the United States had seen for more than a century. It burned through around 2,000 acres (800 hectares) and laid waste to the historic town of Lahaina, a former Hawaiian royal seat and a thriving tourist hub. Fanned by powerful winds, the flames moved so quickly that many residents were caught unaware, only learning there was a fire when they saw it for themselves. Some abandoned their cars as they tried to flee the town and sought refuge in the ocean, where they cowered for hours as their homes were incinerated. Thousands of people were made homeless, with recovery expected to take years.

“Overall, the total scope of the recovery, which includes past insurance claims, county, federal and state support, will approach $12 billion,” Green said. Maui County last year filed a lawsuit against Hawaii’s electricity company over the fire, alleging the destruction could have been avoided if power lines had been shut off. There was critical focus on the power provider in the wake of the blaze, with videos apparently showing downed cables setting light to vegetation in the hours before tragedy struck. The lawsuit says there was plenty of warning of strong winds from a nearby hurricane, but Hawaiian Electric and its subsidiaries negligently kept power lines live.

Electric companies in California, which is prone to wildfires, routinely shut down power lines in strong storms or winds to avoid fallen power lines causing fires. Hawaii Electric Company is to pay the largest share of the proposed settlement, some $2 billion, according to a New York Times report.

© 2024 AFP

Tags: compensationlawsuitwildfires
Share33Tweet21Share6Pin7Send
Previous Post

ExxonMobil profits up after Pioneer deal, Chevron earnings dip

Next Post

Nintendo first-quarter net profit sinks as Switch sales slow

Emma Reilly

Emma Reilly

Related Posts

Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 14, 2025
Next Post

Nintendo first-quarter net profit sinks as Switch sales slow

Nintendo first-quarter net profit sinks as Switch sales slow

EV transition worries French car industry workers

Sicily's Catania airport back in service after Etna activity

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.