WASHINGTON (Reuters) – Pennsylvania State University has enough insurance coverage to deal with lawsuits that might result from its child sexual abuse scandal, President Rodney Erickson said.
The school wants to settle any lawsuits “as quickly as possible,” Erickson reaffirmed in an interview on CBS' “Face the Nation” program that airs on Sunday.
A summary of his remarks was posted on Saturday on the program's website.
He was quoted as saying the school was “adequately covered” against lawsuits that might arise. Jerry Sandusky, a retired assistant football coach, was convicted last month of sexually abusing 10 boys over 15 years, including at Penn State facilities, in one of the worst scandals in college sports.
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