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Idalia to boost Florida apartment insurance costs further
  + stars: | 2023-08-31 | by ( Matt Tracy | ) www.reuters.com   time to read: +5 min
Costs have risen the most on multifamily properties such as apartments and condos, according to industry executives and data from credit ratings agency Moody's. Property insurance costs to multifamily assets in Florida have gone up anywhere from 30% to 70% in the past year, and are even higher for those with prior losses, non-renewing insurance carriers or valuation issues, she said. Nationally, CRE properties' insurance costs have grown roughly 7.6% annually on average since 2017, according to an August Moody's report. RENTS, CAP RATESRising insurance premiums on multifamily properties have contributed, among other factors, to rent increases in Florida and elsewhere, said three industry executives. Insurance costs are also forcing CRE lenders to boost due diligence on refinancing and when pricing deals on apartment blocks, executives said.
Persons: Daniel Hokanson, Ian, Kevin, Idalia, Walker, Dunlop, you’re, Willy Walker, multifamily, Ryan Barber, Marsh, Martha Bane, Gallagher, Bane, Matt Tracy, Michelle Price, Marguerita Choy Organizations: U.S . Army National Guard, . National Guard Bureau, REUTERS, Florida, Carolinas, Reuters, Walker, UBS, Insurance, Thomson Locations: Fort Myers, Fort Myers , Florida, U.S, Hawaii's, Maui, Lahaina, California, Florida, Miami, Tampa, Orlando
Oprah Winfrey and Dwayne Johnson have donated $10 million to help establish a fund that will give direct cash assistance to Maui residents displaced by catastrophic wildfires that destroyed hundreds of homes on the island, they said on Thursday. The new effort, called the People’s Fund of Maui, is offering payments of $1,200 per month to adults whose homes were destroyed or made uninhabitable by the wildfires in Lahaina and Kula this month. The assistance is available to both homeowners and renters, but not to property owners who do not live in homes they own. “People being able to have their own agency, being able to make decisions for themselves about what they need and what their family needs — that’s our goal,” Ms. Winfrey added in a video on Instagram. She promised that the public’s donations to the fund would go directly to victims.
Persons: Oprah Winfrey, Dwayne Johnson, , Mr, Johnson, , ” Ms, Winfrey Organizations: People’s, of Locations: Maui, of Maui, Lahaina, Kula, Hawaii
Climate change turns US utilities grimly exciting
  + stars: | 2023-08-31 | by ( Robert Cyran | ) www.reuters.com   time to read: +6 min
A hotter and stormier world is making life unpleasantly exciting for shareholders, as Hawaiian Electric Industries (HE.N) shows. Yet while European firms have buried power lines underground to avoid damage from storm and fires, American utilities have generally balked. The firm said a second fire began in the same area several hours later, after the utility had turned off local power lines. Separately, Hawaiian Electric Industries, the parent company of Hawaiian Electric, said on Aug. 24 it had suspended its dividend. The company said HEI had withdrawn $170 million and Hawaiian Electric had withdrawn $200 million from their existing revolving unsecured credit facilities to strengthen their balance sheets.
Persons: Joe Biden, Jill Biden, Josh Green, Jaime Green ,, Lady of, Kevin Lamarque, HEI, Fitch, Lawrence, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Hawaii, REUTERS, Reuters, Hawaiian Electric Industries, United, Utilities, Hurricanes, Lawrence Berkeley National, Edison International, Consolidated Edison, Dow, Maui, Hawaiian Electric, Electric, Thomson Locations: Lady of Hawaii, Lahaina, Maui, Hawaii, U.S, United States, Americas, Europe, Alaska, California, New York, Arkansas , Louisiana, Texas
Aug 30 (Reuters) - The Biden administration will provide $95 million through the Bipartisan Infrastructure Law to improve Hawaii's electric grid, the White House said on Wednesday. The island of Maui was devastated earlier this month after the deadliest U.S. wildfire in more than a century swept through the resort town of Lahaina, leaving 115 people dead and 338 missing. Reporting by Urvi Dugar in Bengaluru; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Biden, Urvi, Alison Williams Organizations: Law, Thomson Locations: Maui, Lahaina, Bengaluru
WASHINGTON — The federal government will provide $95 million to shore up Hawaii's electric grid in the wake of deadly wildfires, President Joe Biden announced Wednesday. The news comes as Hawaii's main electric utility, Hawaiian Electric , is facing a dozen lawsuits alleging that the company's practices were partly responsible for the deadly fires, a claim the utility denies. Fitch, Moody's and S&P all recently downgraded Hawaiian Electric's credit rating to junk status, with Fitch warning that the company could face more than $3.8 billion in potential liability for the Maui wildfires. Biden visited Hawaii with first lady Jill Biden last week to view the damage and meet with survivors. Biden spoke to the governors of Florida, Georgia, North Carolina and South Carolina, and pledged the federal government's support for recovery efforts, the White House said.
Persons: Lloyd Austin, Alejandro Mayorkas, Joe Biden, WASHINGTON —, Biden, Fitch, Jill Biden, Idalia Organizations: Defense, . Homeland, Hurricane, White, Washington , D.C, WASHINGTON, Moody's, Fitch Locations: Maui, Hawaii, Washington ,, Lahaina, Florida, Georgia, Florida , Georgia, North Carolina, South Carolina
The Real Raw News website published an article on Aug. 22 with the headline: “Military Arrests FEMA Deputy Administrator Erik Hooks” (ghostarchive.org/archive/tvDZT). One example of the headline shared online had over 1.6 million views on TikTok at the time of writing (ghostarchive.org/archive/l11wt). A FEMA spokesperson said in an email that there is “obviously no truth” to the claims. Reuters has previously addressed claims by Real Raw News about arrests of high-profile officials and politicians (here), (here). The claim that FEMA official Erik Hooks was arrested stems from a website that describes itself as satirical.
Persons: Erik Hooks, Erik Hooks ”, Hooks, , Joe Biden, Read Organizations: U.S . Federal Emergency Management Agency, FEMA, U.S, Real Raw, Reuters, Department of Defense, Real Raw News Locations: Maui, TikTok
The suits allege that downed power lines operated by the company contributed to the deadliest U.S. wildfire in more than a century. The wildfire risk posed by aboveground power lines is well documented. Lives lost, billions in damagesThe Maui fires have killed at least 115 people with hundreds still missing. But Mitchell said insulating aboveground power lines with a protective covering is also an effective solution that is cheaper and can be rolled out more quickly. There is also technology coming to market that can de-energize power lines automatically when there's a problem, he said.
Persons: Mike Blake, Fitch, Berkshire Hathaway's, Paul Starita, They're, Singleton Schreiber, Alexandra von Meier, von Meier, Marshall, Michael Dougherty, Bob Frenzel, Xcel, Berkshire Hathaway, PacifiCorp, aboveground, Scott Aaronson, Aaronson, Joseph Mitchell, Mitchell Organizations: Reuters Electric, Hawaiian Electric, National Weather Service, Hawaii Electric, . Pacific Gas & Electric, PG, Xcel Energy, U.S . Forest Service, University of California, Moody's, Fitch, Electric, Alcohol, Tobacco, Firearms, Explosives, Xcel, Marshall Fire, Marshall, Boulder, Labor, Fire, American Society of Civil Engineers, ASCE, The Edison Electric Institute, California Public Utilities Commission Locations: Lahaina, Maui, Hawaii, U.S, Maui County, Hurricane, California, Berkshire, Berkshire Hathaway's PacifiCorp, Oregon, Colorado, Berkeley, Minnesota, Boulder County, Paradise, Golden
Search and recovery team members check charred buildings and cars in the aftermath of the Maui Fires in Lahaina, West Maui, Hawaii, August 17, 2023. "We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation," Hawaiian Electric CEO Shelee Kimura said in a statement Sunday. The small fire near the downed poles spread into a field near Lahaina Intermediate School. The Maui County Fire Department responded to the morning fire and declared it had been extinguished, according to the company's account of events leading up to the wildfires. Hawaiian Electric said the power had been off for hours when the crew witnessed that second fire in the field.
Persons: Shelee Kimura, Kimura Organizations: Electric, Lahaina Intermediate School, Maui County Fire Department, Hawaiian Locations: Maui, Lahaina , West Maui, Hawaii, Maui County, Lahaina
[1/2] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Maui County sued Hawaiian Electric last week, accusing the utility of negligently failing to shut off power and causing the devastating fires that destroyed the coastal town of Lahaina and killed more than 114 people. "We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation," CEO Shelee Kimura said in a statement. Even with Monday's rally, shares are still down more than 60% since the wildfires started on Aug. 8. "To the extent HECO (Hawaiian Electric Co) has information of a second ignition source, HECO should offer that evidence now.
Persons: Shelee Kimura, HECO, John Fiske, Raymond James, Pavel Molchanov, Arunima Kumar, Mrinalika Roy, Louise Heavens, Mark Potter, Maju Samuel, Shounak Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, Hawaiian Electric Industries, Hawaiian Electric, Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Maui County, West Maui, Bengaluru
CNN —Hawaiian Electric Company said that power lines falling in high winds seem to have caused a fire during the early morning of August 8, but power lines in West Maui had been de-energized for more than six hours by the time a second afternoon fire began in the Lahaina area. The company made the comments in a new response Sunday to a lawsuit filed by the County of Maui. In a press release, HECO mentioned videos showing that power lines had fallen to the ground in high winds near the intersection of Lahainaluna Road and Hookahua Street at approximately 6:30am. But that morning fire was declared 100% contained by the Maui County Fire Department by 9am, they said. By the time the Maui County Fire Department arrived back on the scene, it was not able to contain that fire, and it spread out of control toward Lahaina, the release says.
Persons: “ inexcusably, HECO, , John Fiske, , Fiske, Shelee Kimura, ” Kimura Organizations: CNN, Hawaiian Electric Company, National Weather Service, Watch, Maui County Fire Department, Hawaiian Electric, Intermediate, ” CNN Locations: West Maui, Lahaina, County, Maui, Maui County
Now, businesses say they need tourism to stay afloat and keep their workers employed. Kawakami said in the short term, though, local businesses need visitors to come back. But right now, local businesses need tourists in the short run to survive, and some told Insider that residents urging tourists to stay away were misguided. What locals say relief should look likeOn Thursday, Sen. Brian Schatz of Hawaii said on Twitter that South Maui resorts "NEED visitors," adding "now we have housed virtually everyone, temporarily." AdvertisementAdvertisement"It was through the efforts of local community, not the government," Nakoa said.
Persons: Garrett Marrero, Marrero, Kyle Kawakami, Kawakami, COVID, we're, Kaniela Ing, " Marrero, Sen, Brian Schatz, Josh Green of, Green, Ing, Julia Tallman, Leonard Junya Nakoa, Nakoa, Tallman, She's, she's Organizations: Service, Maui Brewing Company, Maui Brewing, , Green New Deal Network, Hawaii, Twitter, Maui Economic Development Board, New Deal Locations: Maui, Wall, Silicon, Lahaina, West Maui, Josh Green of Hawaii
Evacuation order lifted for West Maui
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Aug 26 (Reuters) - The Hawaii Emergency Management Agency on Saturday briefly issued an evacuation order for West Maui due to brush fire. The order was in place for Anapuni Loop to West Mahipulu, the agency said in a post on X, formerly known as Twitter. The order was subsequently lifted after firefighters stopped forward movement of the fire, the agency said in a follow-up post. Expect conditions that may make driving difficult and watch for public safety personnel operating in the area," the order said. Reporting by Jasper Ward, Editing by Nick Zieminski and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: West Mahipulu, Jasper Ward, Nick Zieminski, Andrea Ricci Organizations: Hawaii Emergency Management Agency, Twitter, Thomson Locations: Hawaii, Maui, West, Lahaina
Emergency sirens on Maui, part of Hawaii's decades-old early warning system, never sounded. But authorities are finding existing emergency alert systems insufficient for these new threats - sometimes with deadly results. NEW CHALLENGESAcross much of the world, warning systems for natural disasters have not evolved in response to climate change, according to Schlegelmilch. While each locality faces a distinctive threat landscape and needs a unique warning system, disaster management experts see some solutions that can be applied everywhere. The county also acquired a warning system that can send alerts to cellphones, fixed phone lines, emails - and even fax machines.
Persons: Mike Blake, Jeffrey Schlegelmilch, Chris Gregg, Adam Weintraub, Bill Parker, Parker, Mike Chard, Chard, Laura Brewington, Julia Harte, Brad Brooks, Paul Thomasch, Jonathan Oatis Organizations: REUTERS, National Center for Disaster Preparedness, Climate, East Tennessee State University, Hawaii Emergency Management Agency, U.S . National Weather Service, Boulder Office, Disaster, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Canada, Vermont, United States, Columbia, Jackson , Mississippi, Colorado's, Boulder, Boulder . Boulder, Chard, Boulder County, Pacific
Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.
Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.
Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Jerome Powell to speak at 10:05 a.m. Powell is scheduled to deliver a keynote speech at 10:05 a.m. "While Powell is unlikely to be anywhere near as hawkish as he was last year, he won't want to declare victory either." ET, Dow e-minis were up 106 points, or 0.31%, S&P 500 e-minis were up 10 points, or 0.23%, and Nasdaq 100 e-minis were up 5 points, or 0.03%.
Persons: Brendan McDermid, Jerome Powell, Powell, Michael Hewson, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Federal, CMC, Fed, Traders, Nvidia, Microsoft, Dow e, Marvell Technology Inc, Thomson Locations: New York City, U.S, Maui
Nearly 400 people still missing after Maui fires
  + stars: | 2023-08-25 | by ( Deon J. Hampton | ) www.cnbc.com   time to read: +3 min
A general view shows damage in the fire ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 15, 2023. MAUI, Hawaii — The County of Maui on Thursday night released the names of nearly 400 people who remain officially unaccounted for, two weeks after a devastating wildfire swept through the island. The 388 names were compiled by the Federal Bureau of Investigation and deemed validated with first and last names, county officials said. In a statement Thursday, Hawaiian Electric said its focus in the aftermath of the fires has been to support the people of Maui and Maui County. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," it said.
Persons: John Pelletier Organizations: Federal Bureau of Investigation, Police, Authorities, Hawaiian Electric Co, Hawaiian Electric, Electric, EPA, NBC Locations: Lahaina, Maui, Hawaii, U.S, MAUI, The County, West Maui, Maui County
Search crews and cadaver dogs have searched 100% of single-story homes in the disaster area, Maui County officials said Tuesday. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. “Our primary focus in the wake of this unimaginable tragedy has been to do everything we can to support not just the people of Maui, but also Maui County. Hawaiian Electric Company serves 95% of the state’s customer base. CNN has reached out to Maui County and the Maui Police Department for comment on Krau’s claims.
Persons: who’s, , John Pelletier, Josh Green, geolocating, Steven Merrill, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Moore, it’s, Jim Kelly, , Darren Pai, “ inexcusably, John Fiske, , Nicholas Krau, ” Krau, Krau Organizations: CNN, FBI, ” Police, , Analysis, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Hawaiian Electric, Hawaiian Electric Company, ATF, Electric, National Weather Service, Watch, State of Hawaii Organization of Police, Maui Police Department Locations: Maui, Maui County, ” Hawaii, Lahaina –, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, Olinda
Supplies for Lahaina fire victims are gathered and delivered by Hawaiians sailing on a large catamaran who often sail around the world together to Lahaina neighborhoods. Officials in Hawaii are encouraging tourists to visit Maui to help support the economy as unemployment claims surge on the island in the wake of deadly wildfires in the western region. But the governor and the Hawaii Tourism Authority are encouraging tourists to visit all other areas of Maui to help support a local economy that is suffering in the wake of the blaze. Sen. Brian Schatz said furloughs and layoffs are starting to pick up because people think the whole island is closed. Unemployment claims in Maui have skyrocketed from 130 shortly before the blaze to 4,449 as of last week, according to data from the Hawaii Department of Business, Economic Development and Tourism.
Persons: Josh Green's, Sen, Brian Schatz, furloughs Organizations: Gov, Hawaii Tourism Authority, Hawaii Department of Business, Economic, Tourism Locations: Lahaina, Hawaii, Maui, West Maui
Hawaiian Electric CEO Shelee Kimura received a cash bonus in 2022 based on her performance against 10 measures including profit and customer satisfaction. Wildfire risk mitigation was not on the list, according to the utility’s pay disclosures. Wildfire risk had been a concern for several years before the blaze ripped through Lahaina, a historic resort town in Maui. Idacorp declined to comment on its pay practices and how they relate to wildfire mitigation. “You don’t want a wildfire disaster to be the catalyst for a change in public policy,” said Glazer, who supports linking executive pay to wildfire mitigation.
Persons: Mike Blake, , Alison Silverstein, Shelee Kimura, Kimura, , Michael Cerasoli, Michael Underhill, Brian Buckham, ” Buckham, Idacorp, Larry Glazer, Glazer, Tim McLaughlin, Tom Hals, Peter Henderson, Noeleen Walder, Rich Valdmanis, Marguerita Choy Organizations: Workers, REUTERS, Hawaiian Electric, U.S . Federal Energy Regulatory, Electric, Hawaii Wildfire Management Organization, San Diego Gas &, Global Renewable Energy Income Fund, Reuters, Capital Innovations, SEC, Portland General Electric Co, Boston’s Mayflower Advisors, Thomson Locations: Lahaina, Maui, Hawaii, U.S, California, Honolulu, Maui ., Idaho , Oregon, Washington, Idaho
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves. "But he also threatened to drop the hammer again if the economy and job market run too hot. The S&P index recorded two new 52-week highs and seven new lows, while the Nasdaq recorded 12 new highs and 149 new low. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Nordstrom, Jerome Powell's, Powell, David Russell, advancers, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Jackson, Treasury, Fed, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Maui
[1/2] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Officials also encouraged relatives to submit the names of anyone else still missing and to provide DNA samples to assist in identifying remains. Officials had said earlier in the week that they had a running list of 1,000 to 1,100 people still unaccounted for. On Thursday, Maui County sued Hawaiian Electric (HE.N) for failing to shut down its equipment despite warnings that the high winds could knock down power lines. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," the company said in response to a request for comment.
Persons: John Pelletier, Joseph Ax, Julia Harte, Frank McGurty, Jonathan Oatis Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, FBI, Police, Hawaiian Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Minnesota, Wisconsin, Maui County
Lahaina Residents Allowed to Return for First Time Since Maui Fire Residents were able to enter Lahaina on Wednesday for the first time since wildfires devastated the historic town last week. WSJ joined Pamela Tumpap, the president of Maui’s Chamber of Commerce, to see the damage. Photo: Yuki Iwamura/AFP
Persons: Pamela Tumpap, Yuki Iwamura Organizations: Maui Fire Residents, Maui’s Chamber of Commerce Locations: Lahaina, Maui
A general view shows damage in the fire ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 15, 2023. Maui County on Thursday sued Hawaiian Electric for damages over the deadly wildfires that have claimed more than100 lives and resulted in billions of dollars in estimated property losses. Hawaiian Electric's stock fell 6% in extended trading on news of the lawsuit. Maui County's attorneys said Hawaiian Electric inexcusably left its powerlines energized despite a warning from the National Weather Service that high winds from Hurricane Dora and drought conditions created a high fire risk. The wildfires reduced the historic town of Lahaina to ruins in the deadliest blazes in the U.S. in more than a century and the worst disaster in Hawaii state history.
Persons: County's Organizations: Hawaiian Electric, National Weather Service Locations: Lahaina, Maui, Hawaii, U.S, Maui County, Hurricane
Eleven days after President Biden drew criticism for appearing to brush off a query about the deadly wildfires in Hawaii with a “no comment,” a White House spokeswoman said on Thursday that the president never heard the question. Olivia Dalton, the deputy White House press secretary, made the clarification in response to a question from The New York Times. “He didn’t hear the question,” Ms. Dalton said. “He absolutely didn’t say ‘no comment’ in relation to Maui. And in fact, he had already spoken to the nation about Maui at that point, in addition to being in daily contact with senior staff, FEMA and state officials as he marshaled a whole-of-government response to the fires.”
Persons: Biden, , Olivia Dalton, Biden’s, Ms, Dalton, Organizations: White, The New York Times, Republican, FEMA Locations: Hawaii, Lahaina, Maui, Rehoboth Beach, Del
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