Hartford Financial to pay $787 mln in Boy Scouts sex abuse insurance settlements

hartford financial to pay 787 mln in boy scouts sex abuse insurance settlements

Sumary of Hartford Financial to pay $787 mln in Boy Scouts sex abuse insurance settlements:

  • Article content Insurance company Hartford Financial Services Group Inc said on Tuesday it has entered into a new agreement-in-principle with the Boy Scouts of America (BSA) and a majority of sexual abuse claimants to pay $787 million, before tax, in settlements.
  • In exchange for Hartford Financial’s payment, the BSA and its local councils will fully release the company from any obligation under policies that were mostly issued in the 1970s, the insurer said.

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