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What will be the primary source of funds for the $4 billion Lahaina wildfire settlement by August 10, 2024?
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Resolution / Starting Odds
State of Hawaii • 25%
Maui County • 25%
Hawaiian Electric • 25%
Insurance Companies • 25%
Official court filings and announcements
Story
$4 Billion Lahaina Wildfire Settlement Could Be Finalized Next Week
Aug 3, 2024, 01:52 AM
Parties involved in lawsuits seeking damages for the 2023 Lahaina wildfires in Maui have reached a $4 billion global settlement, according to court filings. The settlement aims to compensate homeowners, businesses, and other plaintiffs affected by the wildfires, which were the deadliest in the U.S. in over a century, leaving more than 100 people dead and thousands displaced. Hawaii Governor Josh Green announced the historic settlement, which involves the state of Hawaii, Maui County, and utilities, including Hawaiian Electric. The agreement is expected to prevent Hawaiian Electric from filing for bankruptcy. The settlement could be finalized next week.
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Hawaiian Electric • 25%
State of Hawaii • 25%
Maui County • 25%
Other defendants • 25%
Approved • 33%
Rejected • 33%
Pending • 34%
Homeowners • 25%
Businesses • 25%
Other plaintiffs • 25%
Equally distributed • 25%
Yes • 50%
No • 50%
Insurance payouts • 25%
Company reserves • 25%
Government assistance • 25%
Loans or new debt issuance • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Resolved favorably for Hawaiian Electric • 25%
Resolved unfavorably for Hawaiian Electric • 25%
Partially resolved with mixed outcomes • 25%
No resolution by the end of 2025 • 25%
Yes • 50%
No • 50%
Less than $4 billion • 25%
$4 billion to $4.5 billion • 25%
$4.5 billion to $5 billion • 25%
More than $5 billion • 25%