Wildfire Mitigation and Lawsuits Impact Utility Policies

Hawaiian Electric Industries is discussing a new policy to de-energize power lines as a preventive measure to mitigate wildfire risks, alongside other steps. RLI Insurance recorded significant losses from a Maui wildfire but expects no major impact on its reinsurance renewal process. Hawaiian Electric's CEO defended decisions made before a Maui wildfire at a US House hearing, stressing the need for reevaluating protocols. Two lawsuits have been filed against Inland Power and Light Companys electrical equipment for the Gray fire in eastern Washington. Economists warn that Lahaina locals may be priced out of rebuilt town due to zoning changes and soaring housing prices.