Eagle1970

If the BSA was aware of abuse and didn't put insurers on notice in a timely manner, there may be coverage implications. That would be a significant reason to reach a settlement.

I was in insurance my entire career. Years ago, there was no aggregate limit. Therefore if you had a $1 Million per occurrence liability policy, the policy was not exhausted after a single occurrence payment in that amount. Later, Aggregate limits were introduced to limit the total value of payouts. I would venture a guess that there are some old policies without aggregates that cover acts occurring during the coverage period, rather than when the claim is made.

They don't, these days. Years ago they estimated with a factor for expected occurrences.

Century writes some high-risk business and with high risk comes....well....risk. Fully owned by a holding company of a holding company of a holding company owned by Chubb, it would only be a paper bankruptcy. Another Chubb subsidiary will come along and assume it with a different name and they end up with a big tax loss and tons of profit down the line.

Only slightly off topic, please be aware that if you "Like" Abused in Scouting on Facebook, Facebook will proceed to inform all of your friends that you like the group/page. I found out the hard way when my Mother in law told my wife that she saw I liked AIS and asked her about my abuse-awesome for a person who considers this the most private matter in life. I would have to assume my other friends and associates saw it as well. So, I unliked it and filed a complaint with FB, which clearly loves to violate privacy.

Is there any one group that controls 67% for approval purposes? I wonder, to what extent, the law firms will vote (rather than individual claimants). To this point, I am pro se, as it appeared to me the large clusters (i.e. Abused in Scouting) would do the heavy lifting.

A corporation or organization is responsible for the acts of its members. Most of any settlement is going to come from insurers, that have not written the type of policy that will be utilized in many, many years. The insurance contracts were purchased for a reason, and they were agreed upon between the Scouts and Insurers. They collect huge premiums all day long and sometimes they get to pay out. I don't agree that their payouts are hurting current members. When the contracts were purchased, many in the 70's, they were factored in as part of the cost of employment and operations. I will not feel sad for Hartford, Century or Chubb for God's sake.

New to the forum, repeatedly molested by a BSA Camp employee. They can't fix the lifetime of damage I have endured. But I'm going to take what I am offered and do my best to finally let it go. My question is: Will all valid claimants receive the same share. Or (as in my case) will those who were more severely abused receive settlement on some sort of scale or factor? Obviously there is a difference between getting touched and raped, in level of severity.