Insurance companies who opted out of the Boy Scouts of America Settlement Trust have been invoiced $6.99 billion since September 2024, according to the latest report from the trustee of the sexual abuse settlement fund.
In a status report dated June 2, trustee Barbara J. Houser said as of May 30 no payments had been received from those insurers. “None of the non-participating carriers … have confirmed any intention to make payments toward the abuse-related claims,” Houser wrote.
Houser noted that in most of the responses, the insurers raised defenses challenging their coverage obligations.
A0mong the insurers disputing the demands from the Trust are affiliates of Allianz Global Risk US Insurance Co., who said in a letter that that the requests for payment were inconsistent over time and made arbitrarily and in violation of due process.
The Allianz affiliates also cited objection to the independent review option available to claimants, because of the lack of protections in the procedures used.
A number of other insurers, including Liberty Mutual, Old Republic and some AIG affiliates are involved in litigation against, or participated in litigation against, the Trust’s enforcement.