US EditionInsurers to contribute to Buffalo Diocese abuse settlement
The Diocese of Buffalo has secured $122.5 million from two insurers, adding to a $150 million survivor settlement, totaling $272.5 million amid ongoing bankruptcy negotiations.
- The Buffalo Catholic Diocese's Survivors Committee reached settlements with Wausau Insurance and CNA Insurance, totaling $122.5 million and advancing the diocese toward finalizing its clergy abuse settlement.
- In 2020 the Diocese of Buffalo declared Chapter 11 bankruptcy and in April agreed to a $150 million settlement with more than 800 survivors amid over 900 filed claims.
- Wausau Insurance agreed to pay $37.5 million and CNA Insurance $85 million toward settlements, Attorney Steve Boyd called the deals 'massive' and among the largest insurance recoveries in church abuse litigation.
- Boyd explained insurers will seek input on the bankruptcy plan, and the Diocese had asked Judge Carl Bucki for an extension from the original Sept. 1 deadline to Oct. 1 to finalize settlement language.
- Boyd said negotiations continue under mediation privilege as negotiators press for agreements with other insurance carriers, expecting the current $272.5 million from insurers to grow.
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Buffalo Diocese reaches settlements with two insurers
The Buffalo Catholic Diocese is moving a step closer to finalizing its clergy abuse settlement. Two of the Diocese’s insurers have reached an agreement, on top of the $150 million the Diocese must pay. Read more from WBEN:
'This is huge news': Two Diocese of Buffalo insurance carriers settle with sex abuse survivors
The Diocese of Buffalo declared bankruptcy in 2020 as it faced hundreds of sex abuse lawsuits, and in April, the diocese announced it reached a $150 million settlement with more than 800 survivors of sexual abuse.As the diocese continues its "Road to Renewal" and its Chapter 11 bankruptcy restructuring process, 7 News has learned there's a new major development.We learned that the Survivors Committee reached a settlement with two of the Diocese …
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BishopAccountability.org - Documenting the Catholic Sexual Abuse and Financial Crisis - Data on bishInsurers to contribute to Buffalo Diocese abuse settlement
Wausau Insurance and Continental Insurance Company will pay over $122 million combined.
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