Hartford Financial Services Group Inc.

-0.67 (-0.99%)
Debt Financing / Related, Bankruptcy / Related

The Hartford Announces New Agreement-In-Principle With Boy Scouts Of America And Majority Of Claimants

Published: 09/14/2021 20:45 GMT
Hartford Financial Services Group Inc. (HIG) - The Hartford Announces New Agreement-in-principle With Boy Scouts of America and Majority of Claimants.
The Hartford - As Part of Agreement-in-principle in Bsa Bankruptcy, Co to Pay $787 Million, Before Tax, for Claims Associated With Policies Mostly Issued in 1970s.
The Hartford - Boy Scouts of America, Its Local Councils Will Fully Release Co From Any Obligation Under Policies Co Issued to Bsa, Local Councils.
The Hartford - Parties to Agreement-in-principle in Boy Scouts of America Bankruptcy Expect to Receive Court Approval of Settlement in Late 2021.
The Hartford - Expects to Record Charge Against Earnings of About $137 Million, Before Tax, in Q3, in Connection With Additional Amounts Anticipated to Be Paid.
The Hartford - Representatives for Claimants Joining Agreement-in-principle in Bsa Bankruptcy to Support a Plan of Reorganization That Incorporates Settlement.