Multiple sources report that the first installment of Maui wildfire settlement funds could begin reaching victims in July or August, following a court ruling on attorney fees. Over $1.1 billion is currently held in trust as part of the $4 billion total settlement.
- First settlement payments to Maui wildfire victims expected to begin in July or August 2026
- Over $1.1 billion currently sits in a Bank of America trust account awaiting distribution
- Recent court ruling limits attorney fees to ensure more funds reach survivors directly
- Settlement stems from August 8, 2023 fires that killed 102 people and destroyed most of Lahaina
- As of mid-April, 94,816 claims have been filed by 21,750 claimants
- Administrators expect it could take six months to process and pay out the entire first installment due to volume of claims
- The fires destroyed around 5,500 homes, businesses, government buildings and other property in Lahaina, plus about 20 homes in Upcountry Maui (Hawaii Tribune-Herald)
Sources
- Hawaii Tribune-Herald: Maui wildfires settlement poised for first payout
- Maui Now: Court ruling protects recovery funds for Maui Wildfire survivors
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