{"id":20614,"date":"2023-08-24T22:30:26","date_gmt":"2023-08-24T22:30:26","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=737784"},"modified":"2023-08-24T22:30:26","modified_gmt":"2023-08-24T22:30:26","slug":"shareholders-sue-hawaiian-electric-over-maui-wildfires","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/08\/24\/shareholders-sue-hawaiian-electric-over-maui-wildfires\/","title":{"rendered":"Shareholders Sue Hawaiian Electric Over Maui Wildfires"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2017\/01\/lawsuit-580x385.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2017\/01\/lawsuit.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2023\/08\/24\/737784.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2023\/08\/24\/737784.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p class=\"reuters\">Shareholders of Hawaiian Electric HE.N on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company\u2019s failure to disclose important information about its wildfire prevention and safety protocols.<\/p>\n<p>Hawaiian\u2019s protocols and procedures were inadequate, placing Maui at a heightened risk of devastating wildfires, the lawsuit alleged.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"catastrophe,lawsuits,natural-disasters,wildfire\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>Shareholders have suffered \u201csignificant losses and damages\u201d due to the company\u2019s \u201cwrongful acts and omissions, and the precipitous decline in the market value of its securities,\u201d according to the court filing.<\/p>\n<p>The stock of Hawaii\u2019s largest utility remains more than 40% down for the week and has lost more than half of its value since the Aug. 8 wildfires that destroyed the coastal Maui town of Lahaina and killed at least 115 people.<\/p>\n<p>The cause of the fires has not yet been determined, but the Honolulu-based company has been <a href=\"https:\/\/www.reutersconnect.com\/all?search=all%3AL1N39Y1DV&amp;linkedFromStory=true\">blamed for them<\/a> in class-action lawsuits. These claim the utility failed to shut off power lines despite warnings that high winds might blow those lines down and spark wildfires.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/lawsuits\/\" class=\"btn btn-sm btn-primary tagtag\">Lawsuits<\/a> <a href=\"https:\/\/www.insurancejournal.com\/catastrophe\/\" class=\"btn btn-sm btn-primary tagtag\">Catastrophe<\/a> <a href=\"https:\/\/www.insurancejournal.com\/natural-disasters\/\" class=\"btn btn-sm btn-primary tagtag\">Natural Disasters<\/a> <a href=\"https:\/\/www.insurancejournal.com\/wildfire\/\" class=\"btn btn-sm btn-primary tagtag\">Wildfire<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"737784\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Catastrophe<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments Shareholders of Hawaiian Electric HE.N on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company\u2019s failure to disclose important information about its wildfire&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20615,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[10,179,154,11,68,156,1,9],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/08\/shareholders-sue-hawaiian-electric-over-maui-wildfires.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20614"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20614"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20615"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}