Two insurers will pay $122 million; judge extends deadline
Two insurance companies who represented the Diocese of Buffalo have agreed to pay $122.5 million to help settle 900 sexual abuse claims in U.S. Bankruptcy Court.
The settlement, which was detailed in court papers provided Wednesday by U.S. Bankruptcy Judge Carl Bucki, comes in addition to the previously announced $150 million the diocese will be contributing toward the deal. The insurance companies’ amount brings the total settlement to $272.5 million.
Continental Insurance Company will contribute $85 million toward the settlement and Wausau Insurance will pay $37.5 million, attorneys for the Diocese said in court papers.
Attorneys for abuse survivors applauded the additions to the settlement.
“These settlements are another step toward the resolution of this case,” said attorney Stacey Benson of Jeff Anderson & Associates. “These settlements are a testament to survivors who refuse to stay silent until the…
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