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How will Hawaiian Electric's stock price change by December 31, 2024, following the settlement for the 2023 Maui wildfire claims?
3
Resolution / Starting Odds
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Stock market data
Story
Hawaii Nears $4 Billion Settlement for 2023 Maui Wildfire Claims, Aiding Hawaiian Electric
Jul 31, 2024, 11:00 PM
Hawaii Governor Josh Green announced that parties involved in the Lahaina wildfire lawsuits against the state of Hawaii, Maui County, and utilities are nearing a global settlement. The settlement, which is expected to be finalized next week, will be worth a little over $4 billion. This settlement aims to address the claims arising from the 2023 Maui wildfire. The resolution could also prevent Hawaiian Electric from facing bankruptcy, as insurers' rights to reimbursement are a key factor in the negotiations.
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