State Farm is pulling its ads from Penn State football broadcasts, while General Motors is reconsidering its sponsorship deal and Wall Street is threatening to downgrade the school’s credit rating, suggesting the price of the sexual abuse scandal could go …
Liability insurance carriers and brokers that offer coverage to higher educational institutions have been watching the Penn State scandal unfold. And one broker says liability insurers are likely to tighten their underwriting and demand more data from schools regarding protective …
Penn State University could face years of litigation over Jerry Sandusky’s abuse of children, but the school is also doing some things that may limit the damage, according to lawyers with experience in such cases. The 267-page report released last …
A judge ruled on Monday that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now. Sandusky is the former Penn State assistant football coach who is accused …
Former Penn State University president Graham Spanier has filed a civil lawsuit to force the school to release emails related to the Jerry Sandusky child sex abuse scandal. The lawsuit was filed late last Friday in Centre County court and …
Penn State says it will reimburse the legal expenses of employees who received subpoenas from state attorneys prosecuting the child sex abuse case against former assistant football coach Jerry Sandusky. The university suggested Tuesday that those who received subpoenas retain …
Penn State has filed a countersuit against its primary general liability insurer, Pennsylvania Manufacturers’ Association (PMA) Insurance Co. PMA had filed for declaratory judgment on Jan. 31, arguing that the Blue Bell, Penn.-based insurer should not have to pay for …
Penn State’s insurer wants a judge to determine if it has to provide coverage or pay for defense costs in a lawsuit over alleged child sex abuse by former football coach Jerry Sandusky, a newspaper reported Wednesday. The complaint filed …
