In a sign of the long-lasting fallout from the Larry Nassar sex-abuse scandal, Michigan State University no longer has direct liability insurance covering sexual-misconduct claims. After Michigan State agreed to a $500 million settlement to more than 300 victims of Mr. Nassar’s abuse last year, its insurer of 18 years, United Educators, reduced the coverage it offered the East Lansing, Mich., school when negotiating to renew the general-liability policy.

Source: Wall Street Journal March 03, 2019 15:00 UTC