Hawaii court blocks insurers' claims, salvaging $4 billion Maui wildfire settlement [Fortune]
Hawaiian Electric Industries, Inc. (HE)
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am
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Source: Fortune
wildfire, allowing a $4 billion settlement that was on the verge of collapse to proceed. Other steps remain in finalizing the deal between thousands of people who lodged lawsuits and various defendants, including Hawaiian Electric Company. The massive inferno that was the deadliest in the U.S. in more than a century decimated the historic town of Lahaina, killing more than 100 people, destroying thousands of properties and causing an estimated $5.5 billion in damage. Soon afterward, attorneys began lodging hundreds of lawsuits. A settlement was announced last summer, but insurance companies held out, insisting that they should have the right to go after the defendants separately to recoup money paid out to policyholders. Monday's ruling resolves a key roadblock to finalizing the deal and sends the case back to a Maui judge to determine next steps. Insurance companies that want to recoup billions paid to policyholders by pursuing legal action against the defendants said in a
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News
- Is Hawaiian Electric Industries' 2025 Rebound Justified After Wildfire Liability Concerns? [Yahoo! Finance]Yahoo! Finance
- Hawaiian Electric Industries (NYSE:HE) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- Hawaiian Electric Industries (NYSE:HE) was given a new $12.00 price target on by analysts at Jefferies Financial Group Inc..MarketBeat
- Is Hawaiian Electric Industries, Inc.'s (NYSE:HE) ROE Of 7.1% Concerning? [Yahoo! Finance]Yahoo! Finance
- Profit and debt will fund $2B in Hawaiian Electric ventures [Yahoo! Finance]Yahoo! Finance
HE
Earnings
- 2/21/25 - Miss
HE
Sec Filings
- 12/10/25 - Form SCHEDULE
- 11/7/25 - Form 10-Q
- 11/7/25 - Form 8-K
- HE's page on the SEC website