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Showing content with the highest reputation on 04/18/21 in all areas

  1. Some background on The Hartford and the BSA, Local Councils More than 18 months prior to filing for Chapter 11, the BSA and local councils sued The Hartford in District Court in Dallas on June 5, 2018, saying that some sexual-abuse lawsuits were covered by insurance policies. The Hartford had denied its coverage obligations under the policies, including coverage for defense costs and indemnity payments associated with the lawsuits, the Boy Scouts of America said. Under the policies, The Hartford agreed to cover sums that the Boy Scouts would be “obligated to pay as
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  2. I'm a little unclear what you're saying here. The insurance companies were not insuring the victims of abuse, they were insuring BSA against their own negligence in allowing the abuse. I have no idea what the original coverage was or what exposure the insurance companies had. BSA doesn't have much incentive to negotiate with a bias in either direction. They're not going to be the party that collects the proceeds so they're probably not holding out for the last marginal dollar, on the other hand, the more money they procure the more hope that a final settlement can be reached. I suspe
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  3. I do wish the BSA was working more directly with the TCC, but I see this as BSA attempting to get all of the payers (LCs, insurance companies, COs and National) to pull together a settlement offer. On the other side of this is really the TCC & FCR who are likely working on detailed expectations of what they think the National BSA, LCs, COs and insurance companies should pay. This will be a negotiation back & forth. I'm just happy to see that we have finally seen an offer from the insurance companies (understanding it probably isn't high enough for an agreement yet). The reddit
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