Burned out vehicles on Maui after the 2023 wildfires. (Photo credit: Crawford & Co.)
(Bloomberg) — A half-dozen Maui wildfire victims have sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims.
The lawsuit filed Fri., July 19, 2024, in state court in Maui targets insurers who wrote homeowners' policies for demanding almost $2 billion from the settlement fund as reimbursement for claims paid out for destruction on the island last year. The blazes damaged or destroyed 2,207 structures — the majority of them residential.
Related: Staying safe during a wildfire
"This action arises out of the greed of Hawaii's insurance industry to put their own selfish profits ahead of the suffering of the people of Maui who are the true victims of the Maui fires," according to the lawsuit, filed by lawyers for homeowners and business owners.
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