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Superintendent: 17 uninsured Child Victims Act settlements totaled $55.25 million; district using bonds
Summary
Superintendent Dr. Maloney updated the board on Child Victims Act litigation: six insured cases remain with carriers, 17 uninsured cases were settled for $55.25 million and the district has issued bond anticipation notes, to be renewed until cases conclude and converted to a judgment bond.
Superintendent Dr. Maloney updated the Board on the district'level status of litigation under the Child Victims Act and explained the district's financing approach for settled claims.
Dr. Maloney said six cases had insurance coverage and remained with carriers, 17 cases had been settled but lacked insurance because prior liability…
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