Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company.
The state’s top court had ruled against insurance companies a day earlier and decided that once the settlement becomes final, insurers cannot separately sue parties blamed for the wildfires.
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“The decision helps move the settlement forward… while providing more clarity for our company’s path toward reestablishing our financial stability,” said Hawaiian Electric