ZURVY Zurich Insurance Group Limited (QX)

   By Becky Yerak 
 

The Boy Scouts of America, which filed for bankruptcy last year over a growing wave of lawsuits from sexual abuse survivors, has struck deals with a United Methodist church group and with insurer Zurich.

The deal with the United Methodist church group includes a $30 million payment to a settlement trust over three years.

Also, Zurich Insurance Group AG will make a $52.5 million contribution, Boy Scouts lawyer Jessica Lauria said during a hearing Tuesday in the U.S. Bankruptcy Court in Wilmington, Del.

Total settlements are approaching $3 billion, she said.

During the proceedings, which were focused on scheduling matters, Richard Pachulski, a lawyer for a survivors committee, said the Zurich contribution was "50% less than we think it should be."

A Zurich lawyer had no comment afterwards on Mr. Pachulski's remark.

Write to Becky Yerak at becky.yerak@wsj.com

(END) Dow Jones Newswires

December 21, 2021 19:32 ET (00:32 GMT)

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