Hawaii's Supreme Court ruled Monday that insurance companies can't bring their own legal actions against those blamed for Maui's catastrophic 2023 wildfire, allowing a $4 billion settlement that was on the verge of collapse to proceed.

Maui wildfire victims are closer to sharing a $4 billion settlement, possibly before the disaster’s second anniversary in August, after a Hawaii Supreme Court ruling Monday.

A historic settlement can begin flowing to people and businesses affected by the fire, but consequences for the insurance market are unclear.