Insurance Industry Fights for Subrogation Rights in $4.04 Billion Maui Wildfire Settlement

The insurance industry is vigorously contesting a recent ruling by Maui Judge Peter Cahill, which blocks insurers from pursuing subrogation claims to recoup billions of dollars paid out in wildfire claims. The ruling clears the way for a $4.04 billion settlement related to the catastrophic August 2023 fires in Lahaina, which claimed 102 lives.