The Catholic Diocese of Rochester, its insurers, and survivors of clergy sexual abuse have agreed on a $246 million fund to pay abuse claims as part of the diocese’s Chapter 11 plan to emerge from bankruptcy.
The plan came together last week when the last holdout among the insurers, Continental Insurance Co. (CNA), agreed to contribute $120 million.
The western New York diocese and its parishes are contributing $55 million to the claims fund. The rest will come from insurers. In addition to the $120 million from CNA, the fund will include $19.5 million from London Market Insurers (LMI), $1.1 million from LMI Underwriters, $50 million from Interstate and $750,000 from First State.
Payments to the fund will go to resolve an estimated 470 sex abuse claims filed against the diocese.
The 300,000-member diocese declared bankruptcy in 2019 when hundreds of lawsuits were filed against it after the state enacted the…
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