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The deal settles all 508 cases that remained against the archdiocese, which also paid $60 million in December to settle 45 cases that weren't covered by sexual abuse insurance.
The archdiocese will pay $250 million, insurance carriers will pay a combined $227 million and several religious orders will chip in $60 million.
When a child is a victim of sexual abuse, is insurance coverage available to pay damages?
According to the Maine Supreme Judicial Court under Perreault v. Maine Bonding and Casualty Co., where the molester is the defendant in the civil action, the answer is certainly "no". Where, however, the civil defendant is not the molester but rather a third-party whose negligence allowed the abuse to occur, the Law Court's answer is "maybe."
Insurance Recoveries. In the report issued last year there was considerable detail provided with regard to the claims made by the Archdiocese against its insurers related to the cost of sexual abuse settlements. The report discussed a settlement reached in early 2005
between the Archdiocese and Lumbermens Mutual Insurance Company (the carrier which provided coverage for the Archdiocese from the mid-1950s until early 1983). As part of that settlement, the Archdiocese received $7 million which was allocated toward settling or defending then pending or future claims. Of that fund, $5,842,500 was used to fund the
settlements reached in the fiscal year ending June 30, 2006. That fund also was used to pay $88,075 in related costs for arbitration fees
Originally posted by theindependentjournal
As I said in my thread on this very topic a few days ago, anyone who puts money in a collection plate of an organization that says as a rule:
It is ok to diddle children two times but the third time your out..
Originally posted by theindependentjournal
IS NUTS!!! I do not get how anyone could put money in a plate that they could be assured is going to pay off victims.
Building modern, affordable housing for the working poor, then selling it below cost doesn't make sense. That's why Catholics do it here.
Originally posted by carewemust
There
is no escaping this unless you never spend another Nickle. -cwm
Originally posted by Leyla
Well well the big bad RCC of LA has to pay out for the abuse. The RCC needs to be closed in my book. They shame us to no end.
www.cnn.com...
Originally posted by shearder
This thread was spawned by Leyla because she wasn't getting enough attention in a previous thread. There is a thread that deals with corruption in the church and this has been thrashed out - time and time again.
A victims' advocacy group has said the Southern Baptists, the nation's largest Protestant denomination, could do more to prevent abuse by creating a list of accused clergy the public and churches could access.