May 20, 2005 - Archdiocese of Boston Settles Insurance Claims
with St. Paul Travelers
(Boston, Massachusetts) May 20, 2005 ... The Archdiocese of Boston
today announced that it has reached a settlement with one of its insurance
carriers, St. Paul Travelers. St. Paul Travelers insured the Archdiocese
for a period during the 1980s. Pursuant to the settlement, the Archdiocese
has
received $8.5 million with respect to previously settled claims, including
those settled as part of the global settlement of 541 sexual abuse claims
in late 2003. St. Paul Travelers also waived certain premiums the Archdiocese
otherwise would have owed.
Negotiations between the Archdiocese and St. Paul Travelers began in 2004,
shortly after the conclusion of the global settlement. As previously announced,
in March 2005 the Archdiocese settled its case against another insurance
carrier, Lumbermens Mutual Casualty Company. The Archdiocese received $20 million
as
a result of that settlement.
With the conclusion of settlements with St. Paul Travelers and Lumbermens
Mutual Casualty Company, the Archdiocese now has resolved with its principal
insurance
carriers the insurance issues with respect to all previously settled
claims.
" With
these matters resolved, the Archdiocese hopes that it will soon be in
a position to begin discussions with plaintiffs' counsel about how to resolve
pending cases, " stated Rev. John Connolly, Special Assistant
to the Archbishop.
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