The amount of money that might have to be paid out to the victims of Jerry Sandusky is staggering. No wonder they are terrified at the prospect of having to pay out what could be hundreds of millions of dollars in settlements.
What people don't realize is that if the insurer does not pay, the taxpayers of Pennsylvania will be on the hook for the money that will bleed Penn State dry. There are no ethics left when you can't even get a major insurance company to honor a signed contract. What are they going to do? Sell off University property? Who would buy a state-of-the-art football stadium in the middle of nowhere?
You could, literally, field a professional football team from State College and call them the Settlements. They could play eight games a year in the stadium and the proceeds could go towards paying off the victims. The NFL is an organization with parity anyway; in ten years, this could be a Superbowl team.