Diocese of Syracuse insurers reach $60 million settlement with sexual abuse victims
Diocese of Syracuse to pay abuse survivors $100 Million
The settlements are split between multiple insurers, with two major companies that issued polices to the Diocese in the 1970s and 1980s, taking the brunt of the load to pay out to the Committee of Unsecured Creditors, who represented the victims. London Market Insurers settled for $22.5 million, and Interstate Fire & Casualty Company settled for $35 million. Other insurers that recently settled are contributing between $90,000 and $1 million to the trust.
'This breaks the gridlock and the iron wall that these insurance companies have put up in settling these clergy abuse cases in New York and across the country. This is a breakthrough in making them accountable to those they insured, the Catholic bishops and more importantly – the suffering survivors.' Jeff Anderson, a representative of the Committee said.
According to the Committee's release, Travelers Insurance has not settled as of this reporting., but will be negotiating in the coming weeks.
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