Milwaukee Archdiocese Reaches Deal With Insurer
The Archdiocese of Milwaukee says it has reached a settlement with one of its major insurers as it works to resolve its bankruptcy case.
The Wisconsin archdiocese filed for bankruptcy in 2011, saying it wouldn’t have the money to pay if lawsuits filed by victims of clergy sexual abuse went against it.
The archdiocese has listed as chief assets insurance policies taken out in the 1960s and 1970s, when much of the abuse happened. The archdiocese and its insurers have been arguing in court over whether the policies cover abuse.
Court documents filed Monday show the archdiocese and one insurer, Lloyd’s of London, have reached a deal that requires the insurer to pay some money. But details won’t be disclosed until the church files its bankruptcy reorganization plan.