More than 20,000 Lahaina wildfire victims will soon begin receiving payments from a $4.03 billion settlement, with disbursements expected to start within weeks and continue over four years.
- Settlement payments averaging about $190,000 per victim will be distributed over four years in $1 billion annual tranches.
- Four claims administrators will determine individual payouts based on property losses, injuries, business impacts, and other damages on a pro rata basis.
- Payments will begin with less complicated cases first, with exact amounts still undetermined for each victim.
- The settlement covers 21,750 victims who filed lawsuits against Hawaiian Electric and other parties for fire-related damages.
- Compensation categories include real property, personal property, living expenses, wage losses, business losses, emotional distress, injuries, and wrongful death.
Source: Civil Beat
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