BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
(Reuters) — The United States Olympic and Paralympic Committee said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.
Committee Chair Susanne Lyons, speaking on a conference call, accused insurers of holding up settlement negotiations with the hundreds of women who were abused by the disgraced former USA Gymnastics national team doctor.
“For nearly a year and a half we have actively participated in the mediation process,” said Ms. Lyons.
“Because the insurance companies, in our belief, have not lived up to their contractual obligations to the USOPC — including not acting fairly and in good faith and in exploring whether a reasonable settlement can be achieved — we were forced to file this lawsuit.”
The USOPC is suing 11 insurers, including units of Chubb Ltd. and American International Group Inc. Those companies did not immediately respond to requests for comment.
Mr. Nassar was sentenced to up to 300 years in prison in two different trials in 2018 after hundreds of women accused him of sexual abuse. He also worked as a faculty member at Michigan State University.
The university, which was accused of dismissing complaints about Mr. Nassar, agreed to pay $500 million in settlements to those who said they were sexually assaulted by Mr. Nassar.
USA Gymnastics offered a $215 million settlement in late February to survivors. The USOPC and USA Gymnastics have been participating in mediation with victims.
“The lawsuit seeks to have a court resolve the issues related to the insurer’s obligations as part of our efforts to achieve a fair resolution for the victims and survivors,” said Ms. Lyons.
“We have a deep respect and empathy for the survivors and victims of abuse. They have shown tremendous bravery and strength in the most difficult of circumstances.
“We deeply regret the amount of time this complicated mediation has taken and we want nothing more than a swift and fair resolution to give some closure to the survivor community.”
Embattled USA Gymnastics sued seven of its insurers on Friday seeking defense costs related to damages suits it faces related to the sex abuse scandal involving former team doctor Larry Nassar.