Sumary of Boy Scouts reach $1 bln in sex abuse settlements with The Hartford, Mormon Church:
- The agreements, announced by Hartford Financial Services Group Inc and the Coalition of Abused Scouts for Justice, will be subject to approval by U.S. Bankruptcy Judge Laurie Selber Silverstein, who oversees the Boy Scouts’ bankruptcy.
- Tuesday’s agreement replaces the Boy Scouts’ prior deal with The Hartford, under which the insurer said it would contribute $650 million to a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts’ bankruptcy case.
- Founded in 1910, the Boy Scouts filed for Chapter 11 bankruptcy protection in February 2020 after being hit with a flood of sexual abuse lawsuits.
- The Boy Scouts face 82,500 claims of sexual abuse in the bankruptcy.
- Article content Last month, Silverstein approved the Boy Scouts’ $850 million settlement with representatives of around 70,000 abuse claimants.
- With the two new settlements, the total amount of money available to sex abuse claimants in the Boy Scouts bankruptcy is now $1.887 billion.