New York Archdiocese Sees Almost $1 Billion Settlement for Abuse Victims

The Archdiocese of New York has proposed a settlement approaching $1 billion to about 1,300 survivors of clergy abuse under the state’s Child Victims Act, to be paid in two installments ($615 million and $185 million) within 15 months and subject to full survivor agreement. The deal would create a trust for victims, require ongoing updating of a list of credibly accused clergy on the archdiocese website, pause related litigation, and comes amid a separate dispute with insurer Chubb over payouts. Archbishop Ronal d Hicks expressed cautious optimism about the proposal.