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There is no evidence to suggest the fire was intentionally set, Maui Fire and Public Safety Chief Bradford Ventura said. The Lahaina fire was one of three wildfires that ignited on Maui that day; the report did not address the two other, less-destructive fires. Since last year, thousands of residents have sued Hawaiian Electric, Maui County and the state of Hawaii over the fire. The utility has acknowledged that one of its downed power lines ignited a blaze early that morning off Lahainaluna Road in the hills above Lahaina. Maui County announced a few hours later that firefighters had fully contained it.

Persons: Bradford Ventura, Jeffrey Giesea, “, Giesea, Jonathan Blais, Josh Green Organizations: Maui Fire Department, U.S . Bureau, Alcohol, Tobacco, Firearms, Explosives, Investigators, Maui Fire, Public Safety, ”, Hawaiian Electric, Hawaiian, Electric Co, Hawaii Gov, Associated Press Locations: Maui, Hawaii, Lahaina, Seattle, Maui County

☆ Deadly Maui fire erupted from earlier blaze believed to have been extinguished, investigation finds
▼ + stars: | 2024-10-02 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

A Hawaiian Electric power line fell early on the morning of Aug. 8, sparking a fire in overgrown brush near the edge of town. Pictures and crosses are displayed at a public hillside memorial to Lahaina wildfire victims on August 1, 2024 in Lahaina, Hawaii. First responders also had trouble getting a firm answer from Hawaiian Electric representatives if the power had been cut to the area. That’s the amount the defendants — including Hawaiian Electric, the state, Maui County, large landowners and others — have agreed to pay to settle claims. Lawyers for people seeking compensation fear allowing insurance companies to sue Hawaiian Electric and others will subvert the deal, drain what is available to pay fire victims and lead to prolonged litigation.

Persons: Josh Green, Mario Tama, — Organizations: Honolulu AP, US, of Alcohol, Tobacco, Firearms, Explosives, Maui Fire Department, Getty, Hawaiian Electric, Hawaii Gov, Electric, Hawaii Supreme, policyholders Locations: Honolulu, Maui, Lahaina, Lahaina , Hawaii, West Maui, Hawaii, California, Paradise, Maui County

☆ Report finds ‘no evidence’ Hawaii officials prepared for Maui wildfire that killed 102 despite warnings
▼ + stars: | 2024-09-14 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Honolulu (AP) — Investigators reviewing the emergency response to last year’s wildfire that killed 102 people on Maui said in a report released Friday they found “no evidence” Hawaii officials made preparations for it, despite days of warnings that critical fire weather was coming. The Hawaii Emergency Management Agency didn’t immediately respond with comment. Maui fire commanders discussed the forecast, but “no evidence of pre-event preparedness plans by the MFD were produced,” the report said. Maui County and the state use private contractors to help fight fires with water tankers and heavy equipment. And despite the warnings, the heads of the county emergency management agency and the Maui Fire Department were off-island that day, attending conferences in Honolulu.

Persons: —, Anne Lopez, Maui’s, Richard Bissen, Hawaii Emergency Management Agency didn’t, weren’t, Firefighters, ” Derek Alkonis Organizations: — Investigators, National Weather Service, Hawaii Emergency Management Agency, Maui Fire Department, Maui Police, Hawaiian Electric Co, Firefighters, Fire Safety Research Institute, Maui Police Department Locations: Honolulu, Maui, Hawaii, Lahaina, State, Maui County, West Maui

☆ Cramer's Lighting Round: 'Steer clear' of Albemarle
▼ + stars: | 2024-08-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Aflac's year-to-date stock performance. Stock Chart Icon Stock chart icon Elevance Health's year-to-date stock performance. Stock Chart Icon Stock chart icon Albemarle's year-to-date stock performnace. Stock Chart Icon Stock chart icon Snap's year-to-date stock performance. Stock Chart Icon Stock chart icon Alibaba's year-to-date stock performance.

Persons: Chubb, Elevance, I'm, it's, there's Organizations: Elevance, United Health Locations: Albemarle, China

☆ Stocks making the biggest premarket moves: KeyCorp, Starbucks, JetBlue, Eli Lilly and more
▼ + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: KeyCorp — Shares of the Cleveland-based regional bank jumped 18% after the announcement of a minority investment from The Bank of Nova Scotia. The deal gives Scotiabank 14.9% of KeyCorp's common stock for roughly $2.8 billion in cash. Eli Lilly — The pharma stock added 1.4% following an upgrade at Deutsche Bank to buy from hold. The bank cited Eli Lilly's recent earnings beat and called the stock a "low beta/high growth" unicorn. JetBlue Airways — Shares tumbled nearly 6% after the airline announced plans to offer $400 million of convertible senior notes due in 2029.

Persons: Eli Lilly, Eli Lilly's, Robinhood, Piper Sandler, Fred Imbert, Jesse Pound, Sarah Min, Pia Singh Organizations: The Bank of, Scotiabank, Starbucks, Street Journal, pharma, Deutsche Bank, JetBlue Airways, Hawaiian Electric Industries, Maui, Qualcomm, Wolfe Research, Apple Locations: Cleveland, The Bank of Nova Scotia

☆ Lightning Round: Snap is not investable, says Jim Cramer
▼ + stars: | 2024-08-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Snap is not investable, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Elevance Health, Albemarle, Harrow, Hawaiian Electric, Snap, Applied Materials abd more.

Persons: Jim Cramer Organizations: Elevance Locations: Albemarle, Harrow

☆ Stocks making the biggest moves midday: JetBlue, Hawaiian Electric, KeyCorp, Monday.com and more
▼ + stars: | 2024-08-12 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including charges for goodwill impairment. KeyCorp — The Cleveland-based regional bank surged 13% after The Bank of Nova Scotia agreed to take a minority position, making KeyCorp the top performer in the S & P 500 on Monday. Monday.com — Shares surged about 12%, hitting a new 52-week high, after the Israel-based software company posted better-than-expected second-quarter results. Par Technology — The restaurant technology stock added 1.8% following a Jefferies upgrade to buy from hold.

Persons: —, KeyCorp, Monday.com, FactSet, Jeff Smith, Wolfe, Piper Sandler, Robinhood, Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox Organizations: JetBlue —, Hawaiian Electric Industries, Maui, Electric, Bank of Nova, Scotiabank, Street Journal, Starbucks, Qualcomm, Wolfe Research, Apple, Technology —, Jefferies Locations: — The Cleveland, Bank of Nova Scotia, Israel, Par

He called it “a historic settlement to resolve all tort claims arising from the Maui wildfires.”The wildfires are the deadliest in modern American history and caused damages estimated at $5 billion. "This Global Settlement of over $4 billion will help our people heal," Green said in a statement. Burned cars and buildings in Lahaina, Hawaii on Aug. 13, 2023. Hundreds of suits have piled up against Hawaiian Electric, accusing the company of negligence and ignoring repeated warnings of the possibility of a catastrophic inferno igniting on the island. Hawaiian Electric is a for-profit, investor-owned company that serves 95% of the state’s electric customers.

Persons: Josh Green, Green, Matthew Thayer, Mengshin Lin Organizations: Maui News, Electric, Kamehameha Schools, Maui Land Co, Charter Communications, Legislature, The Washington, Getty, Hawaiian Locations: Hawaii, Maui, Lahaina, Waiola, Lahaina Hongwanji, Hawaii , County, Lahaina , Hawaii, West Maui

☆ Plaintiffs in Maui wildfire case reach $4 billion settlement against Hawaiian Electric and others
▼ + stars: | 2024-08-02 | by ( Luciana Lopez | Ramishah Maruf | ) edition.cnn.com time to read: +2 min

CNN —The governor of Hawaii on Friday announced a $4 billion settlement to resolve lawsuits stemming from the wildfires that devastated Maui last year. The defendants include the state of Hawai‘i, County of Maui, Hawaiian Electric, Kamehameha Schools, West Maui Land Co., Hawaiian Telcom and Spectrum/Charter Communications, according to the release. ”Our objective is to make sure a tragedy like this never happens again,” Shelee Kimura, president and CEO of Hawaiian Electric, said in a statement. Pictures and crosses are displayed at a public hillside memorial to Lahaina wildfire victims on August 1, 2024 in Lahaina, Hawaii. August 8 marks the one-year anniversary of the Maui wildfires which killed 102 people and devastated the historic community of Lahaina in West Maui.

Persons: Josh Green’s, ” Green, ” Shelee Kimura, Mario Tama Organizations: CNN, Hawaii Gov, Electric, Kamehameha Schools, Maui Land Co, Charter Communications, Hawaiian Electric, Green, Maui Locations: Hawaii, Maui, Hawai‘i , County, Lahaina, Lahaina , Hawaii, West Maui, Mario, Kula, Olinda

☆ Maui Wildfire Plaintiffs Reach $4 Billion Settlement as Anniversary Nears
▼ + stars: | 2024-08-02 | by ( Shawn Hubler | ) www.nytimes.com time to read: +1 min

Nearly a year after a ferocious wildfire on Maui killed 102 people and leveled the historic town of Lahaina, Hawaii’s largest utility has agreed to pay the largest share of a legal settlement totaling just over $4 billion and compensating more than 10,000 homeowners, businesses and other plaintiffs. The proposed agreement was filed late Friday in a Maui-based state court, six days before the anniversary of the disaster. Fire victims and insurers have spent months in court-ordered mediation with the state, Maui County, large private landowners and utilities within the fire zone to resolve more than 600 lawsuits brought in state and federal courts by survivors of the catastrophe. More than 3,000 homes and other structures were damaged or destroyed, and thousands of residents were killed, injured or displaced. Josh Green had pushed for a single global agreement among all the parties to litigation to swiftly compensate fire victims, rather than extending negotiations for years without payment.

Persons: Josh Green Organizations: Gov, Hawaiian Electric Locations: Lahaina, Maui, Maui County, Oahu, Molokai, Lanai, Hawaii

☆ Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more
▼ + stars: | 2024-07-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Plug Power – Shares of the green energy company plummeted 13%, on pace for its fourth-straight losing year. Comerica – Shares tumbled nearly 11% after the bank posted second-quarter financial results that reflected a decrease in net interest income from the prior-year quarter. American Express posted revenue of $16.33 billion, which is below the $16.59 billion expected from analysts polled by LSEG. In terms of earnings, the company posted $3.49 per share on an adjusted basis for the period, which is higher than the $3.24 per share analysts expected. The company posted $5.83 billion in revenue, missing the $5.95 billion analysts polled by FactSet were expecting.

Persons: FactSet, Curtis Farmer, LSEG, SLB, W.R, Morgan Stanley, Halliburton –, Huntington Bancshares, Huntington, CNBC's Hakyung Kim, Pia Singh Organizations: Microsoft, SentinelOne, Palo Alto Networks, Comerica –, Bloomberg News, American Express, LSEG, LSEG . Revenue, Arm Holdings, Halliburton Locations: Palo, Berkley

☆ Lightning Round: You don't want to be in Hawaiian Electric, says Jim Cramer
▼ + stars: | 2024-05-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: You don't want to be in Hawaiian Electric, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Viking Therapeutics, H.B. Fuller, AstraZeneca, and Hawaiian Electric.

Persons: Jim Cramer, Fuller Organizations: Viking Therapeutics, AstraZeneca, Electric

☆ Hawaii wildfires 2023: New report details problems and heroism from Maui’s disastrous infernos
▼ + stars: | 2024-04-17 | by ( Holly Yan | ) edition.cnn.com time to read: +7 min

Among them: Chief officers and some Maui Fire Department staff used “WhatsApp” for situational awareness updates, but not everyone in the department used the app. Despite this, the collective actions by MFD and law enforcement saved many lives and property across the island,” the report says. “Battalion Chiefs initiated upstaffing for some resources on the morning of August 8” – the day the four major wildfires ignited. “MFD requested law enforcement to facilitate evacuations over the radio. “That is still under investigation with the Bureau of Alcohol, Tobacco, Firearms and Explosives,” Maui Fire Department Chief Brad Ventura said Tuesday.

Persons: ” “, “, ”, Anne Lopez, –, upstaffing, Brad Ventura, ” Ventura, Ventura Organizations: CNN, Maui Fire Department, National Weather Service, Western Fire Chiefs Association, Staff, Hawaii’s, Fire Safety Research Institute, BCs, State, “ Battalion Chiefs, ICS, Incident Command, Hawaiian Electric Company, Alcohol, Tobacco, Firearms, Explosives Locations: Maui, “, Lahaina

☆ Lightning Round: Hawaiian Electric could go lower from here, says Jim Cramer
▼ + stars: | 2024-04-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Hawaiian Electric could go lower from here, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Hawaiian Electric, Excelerate Energy, Sibanye Stillwater, Penumbra, Emerson Electric, Ford and Vertex.

Persons: Jim Cramer Organizations: Excelerate Energy, Emerson Electric, Ford Locations: Stillwater, Penumbra

☆ Cramer's Lighting Round: Vertex Pharmaceuticals is 'terrific'
▼ + stars: | 2024-04-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Hawaiian Electric Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon Excelerate Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Sibanye-Stillwater's year-to-date stock performance. Stock Chart Icon Stock chart icon Penumbra's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertex Pharmaceuticals' year-to-date stock performance.

Persons: Excelerate, I'd, it's, I've, ABT, Emerson Electric's, Jim Cramer's Organizations: Hawaiian Electric Industries, Excelerate, Abbott Labs, PEN, Emerson Electric, GM, Pharmaceuticals, Vertex Pharmaceuticals, CF Locations: Stillwater

☆ Hawaiian Electric Starts Rolling Outages Due to Loss of Generators
▼ + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Utility firm Hawaiian Electric said on Tuesday it had begun rolling outages on Hawaii Island due to the unavailability and reduced output from several large generators. The Honolulu-based power company said its largest generator, Hamakua Energy, unexpectedly tripped offline late Tuesday afternoon and Puna Geothermal Venture was operating at a reduced capacity. Hawaiian Electric added one of its combustion turbines had tripped offline on Tuesday evening on the island, which contains the towns of Hilo and Kona. 5, Keahole CT-5, and Puna Steam Plant also are unavailable due to planned annual maintenance or repairs. Hawaiian Electric said the timing and extent of the outages would depend on the amount of demand on the system and the availability of generators.

Persons: Keahole, Gursimran Kaur, Brijesh Patel, Janane Venkatraman, Jamie Freed Organizations: Reuters, Electric, Energy, Geothermal Venture, Puna Steam Locations: Hawaii, Honolulu, Hilo, Kona, Puna, Maui, Bengaluru

It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. The primary purpose is to prevent power lines from igniting a wildfire during periods of high fire danger. The lawsuit also alleges the company "inexcusably kept their power lines energized during the forecasted high-fire danger conditions." A PG&E utility worker locates a gas main line in the rubble of a home burned down by wildfire in Paradise, California, Nov. 13, 2018. Several of those agencies track statewide wildfire information, but most did not keep track of the names of utility companies associated with wildfire incidents.

Persons: Michelle Glogovac, Glogovac, Laurie Allen, Brent Jones, Allen, Jones, inexcusably, Michael Wara, Shelee Kimura, Yuki Iwamura, David Pomerantz, Pomerantz, Patti Poppe, It's, JOSH EDELSON, Warren Buffett's, Stanford's, CNBC's Brian Sullivan, David Paul Morris, Institute's Pomerantz, Tama Organizations: CNBC, Electric, Energy, Stanford University, Hawaiian Electric, AFP, Getty, Policy, Policy Institute, NV Energy, Warren Buffett's Berkshire Hathaway Energy, Bloomberg, Getty Images Locations: Paradise , California, Lahaina , Hawaii, Hawaii, Maui, Maui County, Lahaina, California, Nevada, Warren, — Arizona, California , Colorado, Hawaii , Montana , Nevada , New Mexico , Oregon , Utah, Washington, Arizona , New Mexico, Utah

☆ Hawaiian Electric Refocuses Grid Plan on Wildfire Risk
▼ + stars: | 2023-11-28 | by ( Dan Frosch | Katherine Blunt | ) www.wsj.com time to read: 1 min

An October view of Lahaina, Hawaii, which was devastated in August by a wildfire. Photo: Getty ImagesHawaiian Electric said it wasn’t sufficiently focused on wildfire risk before August’s deadly blaze on Maui and proposed nearly tripling the money it would now spend on the effort. The utility, in regulatory filings this week, said it had been more concerned with hurricanes than with wildfire risk before the Aug. 8 fire that killed 100 people and leveled the town of Lahaina. The company said it now wants to revise a plan to improve its power grid to focus more on wildfires.

Locations: Lahaina , Hawaii, Maui, Lahaina

☆ For Some Maui Fire Victims, $1 Million Payments Are Too Little, Too Soon
▼ + stars: | 2023-11-19 | by ( Dan Frosch | Christine Mai-Duc | ) www.wsj.com time to read: 1 min

A public memorial honors the people who died in the Lahaina, Hawaii, wildfire this summer. Photo: Mario Tama/Getty ImagesAfter Kimberly Buen learned her elderly father was killed in the August fire that burned the historic Hawaiian town of Lahaina to the ground, she needed to know who was ultimately responsible. Buen diligently listened to news conferences about how the deadly fire sparked. She read about the highly flammable grasses that blanketed nearby property. Buen, who lives in Palmdale, Calif., also retained an attorney to prepare a wrongful-death lawsuit against Hawaiian Electric, Maui County, the state of Hawaii and Kamehameha Schools, a local landowner, who she said needed to be held accountable for their roles in the fire.

Persons: Mario Tama, Kimberly Buen, Buen Organizations: Hawaiian, Kamehameha Schools Locations: Lahaina, Hawaii, Palmdale, Calif, Maui County

☆ Some See Maui Fire Victim Fund as Too Little, Too Soon
▼ + stars: | 2023-11-19 | by ( Dan Frosch | Christine Mai-Duc | ) www.wsj.com time to read: 1 min

Persons: Mario Tama, Kimberly Buen, Buen Organizations: Hawaiian, Kamehameha Schools Locations: Lahaina, Hawaii, Palmdale, Calif, Maui County

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Plug Power, Toast BJ's, Arm, Occidental & more
▼ + stars: | 2023-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."

Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S

☆ Stocks making the biggest moves midday: Groupon, Wynn Resorts, Plug Power, Illumina and more
▼ + stars: | 2023-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wynn Resorts — The resort-and-casino stock dropped 7.3% as analysts focused on EBITDAR, which includes restructuring, tied to its operations in Macao. Plug Power — Shares of the clean energy company tumbled more than 34%, reaching a new 52-week low, after third-quarter earnings and revenue missed analysts' estimates. TKO Group — The WWE parent slid 7.9% after Executive Chairman Vince McMahon said he planned to sell 8.4 million shares. Treace Medical Concepts — Shares tumbled 40% after the medical device company missed third-quarter expectations and lowered its full-year revenue guidance. The company also cut revenue guidance for the year.

Persons: Vince McMahon, Treace, Freyr, Wells, Synaptics, LSEG, Vera Therapeutics, Vera, —, Sarah Min, Hakyung Kim, Pia Singh Organizations: Wynn Resorts, Diageo —, Diageo, RBC, JPMorgan, WWE, Wall, Analysts, Jefferies Locations: billings, Macao, America, Caribbean, Wells Fargo, Hawaii

☆ Hawaiian Electric delays quarterly filing due to fund for Maui fire victims
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Utility firm Hawaiian Electric (HE.N) said on Thursday it would be unable to submit its quarterly filing with the U.S. securities regulator on time, due to its expected contribution towards a fund to compensate victims of the deadly wildfires in Maui. Hawaii's governor Josh Green on Wednesday announced a $150 million fund that provides an option for families who have lost a loved one and those who were severely injured to receive substantial payments. Hawaiian Electric will contribute $75 million to the fund. The announcement of the initiative and the anticipated contribution require changes to the financial statements that lead to the delay, it said. Reporting by Sourasis Bose in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Josh Green, Sourasis Bose, Shounak Dasgupta, Krishna Chandra Organizations: Wednesday, Thomson Locations: Maui, Bengaluru

☆ Maine votes to keep investor-owned electricity companies in charge of the energy grid
▼ + stars: | 2023-11-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

It is not the first time that Mainers' push for a publicly owned energy grid has failed. In 1973, voters struck down the creation of a Maine Power Authority, which would have put the power supply in the state's hands. Janet Mills vetoed a bill from the state legislature to establish Pine Tree Power. In New York, the Long Island Power Authority has run the power grid of Long Island since 1986. Despite having a roughly 70-year-old public power grid, Nebraska still relies heavily on coal.

Persons: Janet Mills, Willy Ritch, Judy Long, Lucy Hochschartner Organizations: Carver, Voters, Maine Power Authority, Democratic Gov, Central Maine Power, Public, Maine Affordable Energy, Versant, CNBC, Pine, Power Authority, Cooperative, Hawaiian, Publicly, London Economic, Maine's Public Utilities Commission Locations: South Shore, Plymouth, Avangrid, Maine, . Nebraska, Los Angeles, Seattle, Kauai, New York, Long, Nebraska, Pine

Josh Green on Wednesday announced the creation of a $150 million fund to help those who lost family members or who were injured in Maui's wildfires. Beneficiaries will receive payments of more than $1 million as early as next year, the governor's office said in a news release. Those getting money from the fund will waive their right to file legal claims. The fund aims to enable swift and generous financial payments for losses without requiring people to go through time-consuming litigation, the release said. The fund is modeled on the September 11thVictim Compensation Fund, Green said in livestreamed address.

Persons: Josh Green, Green Organizations: —, Wednesday, Electric, Kamehameha Schools, Federal Emergency Management Agency Locations: HONOLULU, — Hawaii, Lahaina, Maui County

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