The Hawaii Supreme Court has ruled that insurance companies cannot initiate their own lawsuits against parties held responsible for the devastating 2023 Maui wildfire, which resulted in over 100 deaths and $5.5 billion in damage. This decision enables a critical $4 billion settlement to move forward, benefitting thousands of plaintiffs who had previously filed suit. The ruling addresses concerns that allowing insurers to pursue separate claims could drain resources allocated for victim compensation. The case will now return to a Maui judge for further proceedings, signaling progress in resolving this tragic incident.
Hawaii's Supreme Court ruled that insurance companies can't sue parties blamed for Maui's wildfire, allowing a crucial $4 billion settlement to proceed.
The court's decision removes a major hurdle, letting the case return to a Maui judge to finalize the settlement for thousands affected by the wildfires.
Plaintiffs' lawyers voiced concerns over insurers pursuing independent claims, fearing it could jeopardize available funds for victims and extend litigation.
Gerald Singleton stated they're still deciphering the ruling but are pleased it allows the settlement to advance, marking a significant step forward.
Collection
[
|
...
]