Hawaiian Electric reports $1.71B loss from wildfire liabilities legal claims

Hawaiian Electric Industries reported a consolidated net loss for Q2 of $1.30B. The results included a $1.71B, or $1.27B after taxes, loss from the accrual of estimated wildfire liabilities from tort-related legal claims, an $82.2M, or $66.1M after taxes, loss from a goodwill impairment at American Savings Bank and $9.8M, or $7.2M after taxes, of other Maui wildfire-related expenses, net of insurance recoveries and deferrals.