Establishes a wildfire relief fund to compensate property owners, insurers, and governmental entities for damages from catastrophic wildfires.

The bill establishes a wildfire relief fund to provide compensation for property damage from catastrophic wildfires in Hawaii. The fund will be capitalized by contributions from the state, electric utilities, other public utilities, other governmental entities, and private property owners. Property owners, insurers, and governmental entities can submit claims for compensation from the fund, subject to certain conditions and limitations. The fund aims to avoid litigation costs and protect Hawaii's economy by providing a means to compensate for wildfire damages.

Establishes a wildfire relief fund to compensate property owners, insurers, and governmental entities for damages from catastrophic wildfires.

The bill establishes a wildfire relief fund to provide compensation for property damage from catastrophic wildfires in Hawaii. The fund will be capitalized by contributions from the state, electric utilities, other public utilities, other governmental entities, and private property owners. Property owners, insurers, and governmental entities can submit claims for compensation from the fund, subject to certain conditions and limitations. The fund aims to avoid litigation costs and protect Hawaii's economy by providing a means to compensate for wildfire damages.