Hawaii Supreme Court Issues Favorable Decision for HEI on Insurance Subrogation in Maui Wildfire Litigation

HAWAIIAN ELECTRIC INDUSTRIES INC

Hawaii Supreme Court issued decision on Feb 10, 2025 on Reserved Questions in case 2CSP-23-0000057 regarding insurers' subrogation claims in Maui wildfire tort litigation.
Decision clarifies that insurers cannot separately sue defendants after settlement becomes final, aligning with HEI and plaintiffs' positions.
HEI President and CEO Scott Seu stated the decision helps move settlement forward and reestablish financial stability for the company.
Second Circuit Court on Maui can now consider settlement agreements for final judicial approval, with a written opinion expected in coming weeks.

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