The Diocese of Rochester has asked a federal judge to approve a $35 million settlement agreement with its insurers to help pay survivors of sexual abuse.
In a statement issued Friday afternoon, the diocese said the proposed agreement was with Lloyd’s of London and Interstate Fire and Casuality, who are among the major insurers involved in its bankruptcy case.
“We believe this settlement, if approved, is a significant step forward in our goal of achieving a fair and equitable reorganization plan — the vast majority of which will be funded by our insurers — that will compensate the survivors of sexual abuse who have filed claims in our Chapter 11 case,” the statement said.
A hearing has been scheduled for July 9 with U.S. Bankruptcy Judge Paul R. Warren.
The diocese filed for Chapter 11 bankruptcy protection in September 2019, saying it could not afford to pay the compensation…
View Cache