WASHINGTON – – Hartford Financial Services Group insurer said Friday it had agreed to a settlement with the Boy Scouts of America and would pay $ 650 million for sexual abuse claims related to policies that were primarily issued in the 1970s.
Under the agreement, the Boy Scouts and their local councils will exempt Hartford from any obligations under the guidelines it has issued, Hartford said.
The Boy Scouts filed for bankruptcy last February amid a spate of lawsuits over decades of allegations of child sexual abuse.
“Our agreement with Hartford is an encouraging step towards a global solution that will advance the Scouts’ efforts to fairly compensate survivors and continue the Scout’s mission,” the Scouts said in an emailed statement.
Payment is in addition to contributions from local scout councils, participating charter organizations and other participating insurers.
In addition to Hartford, insurer Chubb Ltd is also facing potentially massive liabilities resulting from the Boy Scouts of America’s bankruptcy.
(Photo by George Frey / Getty Images)
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