The Beaufort County School District has agreed to a $2.6 million settlement of a lawsuit with two insurance companies stemming from a student molestation case.
The Beaufort Gazette reports the settlement ends a four-year lawsuit between the district and the two insurance companies, United National Insurance and the South Carolina School Boards Insurance Trust.
The district sued the companies in 2007 to recover about $4.6 million the district paid to six molestation victims of former elementary school music teacher Philip Underwood-Sheppard.
The companies had paid $650,000 several years ago for the settlement, saying the cases should be combined into a single claim. A court later ruled the claims should be treated separately.
Underwood-Sheppard was sentenced to 25 years in prison in 2003.
Was this article valuable?
Here are more articles you may enjoy.
Founder of Auto Parts Maker Charged With Fraud That Wiped Out Billions 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
US Airlines Cut Flights Again as Another Winter Storm Looms 
These Five Technologies Increase The Risk of Cyber Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.