by Associated Press on (#6PQ07)
Global settlement was reached in suit over fire that killed 102 and destroyed downtown Lahaina in August 2023The 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. Continue reading...