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Stock impact report

Baltimore Archbishop expected to testify in motions hearing for church's bankruptcy case [CBS News]

The Hartford Insurance Group, Inc. (HIG) 
Last the hartford insurance group, inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.thehartford.com
Company Research Source: CBS News
The Baltimore Archdiocese filed for bankruptcy after Maryland's Attorney General in 2023 found that more than 600 children were abused under the church's supervision. The bankruptcy filing came just before the Maryland Child Victims Act went into effect, allowing survivors to independently sue the church. Survivors and their attorneys are calling for the case to be dismissed so trials and settlements can proceed. "By filing Chapter 11, the Archdiocese is seeking to provide the most orderly process in which victim survivors can be compensated, including from its insurance policies, while maintaining the mission and ministry of the church," the Archdiocese of Baltimore previously told WJZ. Seeking closure for abuse claims The case is reliant upon mediation, with each survivor seeking about $1 million. Court documents show the church has about $100 million in assets. The institution initially tried to enact the charitable immunity clause , which would have protected it from Show less Read more
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