Hawaiian’s largest utility said on Friday that it had agreed to pay roughly half of a more than $4bn legal settlement that will compensate victims of last year’s deadly Maui wildfires.Blazes tore through Maui on August 8 last year, killing more than 100 people, destroying the historic coastal town of Lahaina and causing damage estimated at $5bn.The lawsuits brought on behalf of thousands of home and business owners claimed that Hawaiian Electric failed to shut off power lines despite warnings that high winds might blow them down and spark wildfires.The settlement calls for the utility and its parent Hawaiian Electric Industries to pay $1.99bn, which includes $75mn already contributed to the One Ohana Initiative – a fund that provides financial support to those who lost loved ones and suffered serious injuries.The utility and other defendants did not admit to any legal liability as part of the settlement terms which were agreed upon after four months of mediation.Hawaiian Electric has previously argued that its power lines were responsible for the earlier of two fires in Lahaina, but the lines were shut off after that and the town was gutted by a different fire which started later in the afternoon and could not be contained by the county’s fire department.“Achieving this resolution will allow all parties to move forward without the added challenges and divisiveness of the litigation process,” the utility’s chief executive, Shelee Kimura, said in the statement.The settlement would also “bring greater certainty for the company, enabling it to begin to reestablish ... financial stability”, the statement said.The proposed payments are expected to begin from mid-2025 after judicial review and approval, it added.“This global settlement of over $4bn will help our people heal,” Hawaii Governor Josh Green said in a release. “Settling a matter like this within a year is unprecedented, and it will be good that our people don’t have to wait to rebuild their lives as long as others have in many places that have suffered similar tragedies.”The August 8, 2023 fire was the deadliest wildfire the United States had seen for more than a century.It burned through around 2,000 acres (800 hectares) and laid waste to the historic town of Lahaina, a former Hawaiian royal seat and a thriving tourist hub.Fanned by powerful winds, the flames moved so quickly that many residents were caught unaware, only learning there was a fire when they saw it for themselves.Some abandoned their cars as they tried to flee the town and sought refuge in the ocean, where they cowered for hours as their homes were incinerated.Thousands of people were made homeless, with recovery expected to take years.“Overall, the total scope of the recovery, which includes past insurance claims, county, federal and state support, will approach $12bn,” Green said.