Boy Scouts insurers search to delay $2.5 billion abuse deal, chapter exit By Reuters

© Reuters. FILE PHOTO: The Boy Scouts of America signage is pictured at its headquarters in Irving, Texas, February 5, 2013. REUTERS/Tim Sharp

By Dietrich Knauth

(Reuters) – A bunch of Boy Scouts’ insurers on Friday requested a decide to delay the youth group’s exit from chapter to permit them extra time to enchantment a record-setting $2.46 billion settlement of sexual abuse claims.

Greater than a dozen insurers, together with Liberty Mutual Insurance coverage Firm, have mentioned the Boy Scouts’ chapter settlement places them on the hook for paying “1000’s of invalid and questionable claims.”

U.S. District Decide Richard Andrews in Wilmington, Delaware, rejected the insurers’ preliminary enchantment on Tuesday, discovering the settlement was a very good religion effort to resolve claims by greater than 80,000 males who say they had been abused as kids by troop leaders.

The insurers argued Friday that the third U.S. Circuit Courtroom of Appeals should weigh in earlier than the Boy Scouts transfer forward with a settlement that “could turn out to be a template” for dealing with insurance coverage on different circumstances involving massive numbers of particular person plaintiffs.

The Boy Scouts have agreed to contribute insurance coverage rights price as much as $4 billion to the settlement fund that may pay abuse claims. These insurance coverage funds are along with the $2.46 billion already contributed to the fund by the Boy Scouts group, its two largest insurers, and organizations which have chartered Scouting items and actions, together with church buildings.

The Boy Scouts settlement, accredited in chapter court docket in September, was supported by 86% of abuse claimants and the Boy Scouts’ two largest insurers.

The Boy Scouts group mentioned Friday it could oppose any effort to delay chapter exit.

“We look ahead to rising from chapter within the close to future, offering equitable compensation for survivors and safeguarding the way forward for Scouting,” the Boy Scouts mentioned in an announcement.

The Boy Scouts filed for chapter in February 2020 after a number of U.S. states enacted legal guidelines permitting accusers to sue over decades-old abuse allegations.

Source link

Related Articles

Back to top button
WP Twitter Auto Publish Powered By :