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2025-02-08 05:39:27
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ Hawaii's Supreme Court is considering a $4 billion ...



✍️ Hawaii's Supreme Court is considering a $4 billion settlement over a 2023 wildfire that killed over 100 people and caused $5.5 billion in damage. Insurance companies are disputing the settlement, seeking to recoup money paid to policyholders by suing the defendants separately.
👉 The settlement is worth $4 billion, but insurance companies are seeking to recoup more
👉 The insurance companies have paid out over $2.3 billion to policyholders and expect to pay $1 billion more
👉 The state high court is considering whether insurance companies can sue defendants separately to recoup money
👉 The outcome of the case could affect the finalization of the settlement and the distribution of funds to victims

#JoshGreen #JesseCreed #PeterCahill #VincentRaboteau #JacobLowenthal #Hawaii #Maui #Lahaina #LosAngeles #Palisades #politics

https://s.yimg.com/ny/api/res/1.2/Nr99VNaGCp6hP4EaB.EHcg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap_finance_articles_694/66d24205139d9cc1a47dc8da67bd8202

https://finance.yahoo.com/news/know-whats-tying-4b-settlement-060312946.html

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