{"id":121626,"date":"2021-04-17T01:54:58","date_gmt":"2021-04-17T01:54:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121626"},"modified":"2021-04-17T01:54:58","modified_gmt":"2021-04-17T01:54:58","slug":"insurer-hartford-to-pay-650m-for-claims-linked-to-boy-scouts-sex-abuse-cases","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/insurer-hartford-to-pay-650m-for-claims-linked-to-boy-scouts-sex-abuse-cases\/","title":{"rendered":"Insurer Hartford to pay $650M for claims linked to Boy Scouts sex abuse cases"},"content":{"rendered":"<h2>Fox Business Flash top headlines for April 16<\/h2>\n<p>Check out what&#8217;s clicking on FoxBusiness.com.\n<\/p>\n<p>Insurer Hartford Financial Services Group said on Friday it had agreed to a settlement with the Boy Scouts of America and would pay $650 million for sexual abuse claims associated with policies issued mostly in the 1970s.<\/p>\n<p>Under the agreement, the Boy Scouts and its local councils will release Hartford from any obligation under policies it issued, Hartford said.<\/p>\n<p><strong>BOY SCOUTS BANKRUPTCY PANEL CHOSEN TO REPRESENT VICTIMS<\/strong><\/p>\n<p>The Boy Scouts filed for Chapter 11 bankruptcy last February, amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.<\/p>\n<table>\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HIG<\/td>\n<td>THE HARTFORD FINANCIAL SERVICES GROUP INC.<\/td>\n<td>66.35<\/td>\n<td>-0.50<\/td>\n<td>-0.75%<\/td>\n<\/tr>\n<tr>\n<td>CB<\/td>\n<td>CHUBB LIMITED<\/td>\n<td>162.61<\/td>\n<td>+0.44<\/td>\n<td>+0.27%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&quot;Our agreement with Hartford is an encouraging step towards achieving a global resolution that will promote the Boy Scouts&apos; efforts to equitably compensate survivors and continue the mission of scouting,&quot; the Boy Scouts said in an emailed statement.<\/p>\n<p><strong>CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n<p>The payment will be in addition to contributions from national Boy Scouts local councils, participating chartered organizations and other participating insurers, it added.<\/p>\n<p>Apart from Hartford, insurer Chubb Ltd is also facing potentially massive liabilities stemming from the Boy Scouts of America bankruptcy.<\/p>\n<p>Source: <a href=\"https:\/\/www.foxbusiness.com\/money\/insurer-hartford-to-pay-650m-for-claims-linked-to-boy-scouts-sex-abuse-cases\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fox Business Flash top headlines for April<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23052],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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