Boy Scouts of America settlement: Insurer agrees to give $800M to sexual abuse victims
Headline from Fox5 Atlanta
Attorneys in the Boy Scouts of America bankruptcy 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.
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Attorneys in the Boy Scouts of America bankruptcy 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.
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
One of the Boy Scouts of America's primary insurers, Chubb Ltd unit Century Indemnity Company, said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say they were sexually abused as children by troop leaders.
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.
By Brian Vitagliano, CNN The Boy Scouts of America has reached a tentative $800 million settlement agreement with insurer Century Indemnity Company and other Chubb companies to contribute to a trust to compensate survivors of sex abuse, according to a press release from the organization.
Chubb Ltd.'s Century Indemnity Company said it would contribute to the fund to settle more than 82,000 claims as part of a bankruptcy reorganization ordered in August.
