A proposed $800 million from Century Indemnity Co. would bring the fund for over 82,000 Boy Scouts sexual abuse victims to more than $2.6 billion.
One of the largest insurers of the Boy Scouts of America has tentatively agreed to contribute $800 million to the fund of victims of sex abuse when they were Boy Scouts as part of the BSA's bankruptcy case, bringing the total settlement fund to over $2.6 billion.
The plan that will be voted on says the Boy Scouts and its roughly 250 local councils must provide as much as $820 million to the fund through cash and property. A separate group, the Coalition of Abused Scouts for Justice, a conglomerate of several law firms that represent about 18,000 claimants, said the new settlement is a reason for victims to vote for the proposed reorganization plan, so the fund can be distributed to the claimants.
"This is an extremely important step forward in the BSA's efforts to equitably compensate survivors, and our hope is that this will lead to further settlement agreements from other parties," the Boy Scouts said in a prepared statement.
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