A group of insurers that includes Lloyd's of London has agreed to buy back policies they sold to the church, in exchange for avoiding liability in paying claims to victims of sex abuse by priests.
Church spokesman Jerry Topczewski would not say how much the archdiocese will get from the settlement. He says it will be spelled out in the church's financial re-organization plan which must be approved in federal bankruptcy court. Topczewski did not know when the plan will be filed. Media reports say settlement talks continue with another carrier, Stonewall Insurance.
Click on the following to read the entire article: Insurance companies to buy back policies as part of Milwaukee Archdiocese bankruptcy - News - 1330 WHBL Sheboygan's News Radio
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