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…
Source link : https://www.theguardian.com/us-news/article/2024/aug/03/maui-wildfire-lawsuit-settled
Author : Associated Press
Publish date : 2024-08-03 13:14:14
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