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Insurer agrees to $800M settlement in Boy Scouts bankruptcy
DOVER, Del. (AP) — Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse.
The agreement announced Monday calls for Century Indemnity Co. and affiliated companies to contribute $800 million into the fund in return for being released from further liability for abuse claims. The payment would bring the amount of money in the proposed trust to more than $2.6 billion, which would be the largest sexual abuse settlement in U.S. history.
The settlement comes as more than 82,000 sexual abuse claimants face a Dec. 28 deadline to vote on a previously announced Boy Scouts reorganization plan.
@leagueofextraordinarypepes
https://apnews.com/article/business-sexual-abuse-dover-boy-scouts-of-america-f5c7e988e73cd69485a424e141f75f0a
DOVER, Del. (AP) — Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse.
The agreement announced Monday calls for Century Indemnity Co. and affiliated companies to contribute $800 million into the fund in return for being released from further liability for abuse claims. The payment would bring the amount of money in the proposed trust to more than $2.6 billion, which would be the largest sexual abuse settlement in U.S. history.
The settlement comes as more than 82,000 sexual abuse claimants face a Dec. 28 deadline to vote on a previously announced Boy Scouts reorganization plan.
@leagueofextraordinarypepes
https://apnews.com/article/business-sexual-abuse-dover-boy-scouts-of-america-f5c7e988e73cd69485a424e141f75f0a
AP News
Insurer agrees to $800M settlement in Boy Scouts bankruptcy
Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse.