Lawsuit over last year’s deadly Maui wildfires settled for $4bn

Global settlement was reached in suit over fire that killed 102 and destroyed downtown Lahaina in August 2023

The parties in lawsuits seeking damages for last year's Maui wildfires have reached a $4bn global settlement, a court filing said on Friday, nearly one year after the deadliest US wildfire in more than a century.

The term sheet with details of the settlement is not publicly available, but the liaison attorneys filed a motion saying the global settlement seeks to resolve all Maui fire claims for $4.037bn. The motion asks the judge to order that insurers can't separately go after the defendants to recoup money paid to policyholders.