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Healthcare

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

Sept 14 (Reuters) - Hartford Financial Services Group Inc :

* 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 Source text for Eikon: Further company coverage:

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