Article ID: 36138fea8f984b1d4b6220b573183e1a75eca4274cb56fcf8fdd5bddf4a4db25
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/diocese-insurers-agree-to-increase-settlement-with-abuse-victims/
Body Text
Diocese, insurers agree to increase settlement with abuse victims - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Diocese, insurers agree to increase settlement with abuse victims by Gavin Souter General liability Feb 18, 2026 The Roman Catholic Diocese of Camden in New Jersey said it has reached an agreement with insurers that would increase the settlement trust to $180 million. The proposed funding, announced Monday and intended to expand compensation for more than 300 claimants, requires approval from the U.S. Bankruptcy Court. The money comes from diocesan resources, parish contributions and insurance recoveries, the diocese said in a statement. Under a previous agreement in March 2024, the trust was funded to $87.5 million. The agreement caps more than five years of litigation with hold-out insurers and clears a major hurdle to fully capitalizing the trust, law firm Lowenstein Sandler, which represents the victims, said in a statement. The insurers agreeing to the latest settlement are Interstate Fire & Casualty Company and National Surety Corp., which were acquired by Arch Capital from Allianz in 2024; Century Indemnity Co., a unit of Chubb; and various London market insurers, including syndicates at Lloyd’s of London, a spokeswoman for Lowenstein Sandler said. The diocese sought bankruptcy protection in 2020 as it faced hundreds of abuse lawsuits. (An earlier version of this story misstated the total amount of compensation available to claimants.) Related News Gallagher appoints four execs formerly with Woodruff Sawyer February 18, 2026 Ranch worker’s tick-bite comp claim revived February 18, 2026 Specialty Program Group acquires freight cargo agency February 18, 2026 A&E insurers plan to seek rate hikes: Survey February 18, 2026 German insurer HDI plans North America expansion February 18, 2026 Major comp reform bill heads to Wisconsin governor February 18, 2026 BayPine buying Relation from PE firm Aquiline February 18, 2026 Washington state asbestos contractor faces fines February 18, 2026 Single-payer proposal returns in California February 18, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
Metadata (JSON)
{
"score": 11
}