Hawaiian Electric and other defendants tentatively agree to a $4B settlement for Maui wildfires causing $5B in damages.

Hawaiian Electric and other defendants in lawsuits over the Maui wildfires have tentatively agreed to a $4 billion settlement deal. This comes after the blazes destroyed thousands of properties and caused damages estimated at $5 billion. The proposed deal would settle lawsuits on behalf of thousands of homeowners and businesses against the utility, and includes other defendants such as a unit of Charter Communications and state and local governments. The settlement awaits final approval.