Scout’s insurance company agrees to contribute $800 million to sexual abuse victims: NPR
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An insurance company representing the Boy Scouts of America says it will contribute $800 million to settle more than 82,000 sexual abuse claims.
Chubb Ltd’s Century Compensation Company. release a statement Monday said that under the proposed settlement, “Century Indemnity and other Chubb companies will pay $800 million and obtain a broad release for all Chubb companies from abuse claims.” related to the BSA.”
In a separate statement emailed to NPR, the BSA said it was “extremely delighted” to be notified of the settlement.
Tens of thousands of claimants who say they were abused as members of the Scouts decades ago must vote until December 28 on the Boy Scouts’ bankruptcy reorganization plan born according to an order released in August by a judge in Delaware.
The judge’s decision was initially opposed by insurance companies, attorneys for some of the victims and church sects that funded local Boy Scouts teams.
The insurer’s contribution would bring the amount in a proposed trust to more than $2.6 billion, making it the largest sex abuse settlement in U.S. history, according to The New York Times. Associated Press.
Under the settlement, the Boy Scouts and its 250 local councils will be exempt from liability for sexual abuse complaints, the AP said.
“This is a hugely important step forward in BSA’s efforts to fairly compensate survivors and our hope is that this will lead to further settlements from other parties.” “, the BSA said in its emailed statement.