boy scouts scandal

The Boy Scouts of America is changing its name for the first time in its 114-year history. The Texas-based organization announced Tuesday that it would become Scouting America. It's a significant shift for the organization as it emerges from bankruptcy after a flood of sexual abuse claims, and focuses on including everyone after decades of turmoil.

Chubb Ltd.'s Century Indemnity Company said it would contribute to the fund to settle more than 82,000 claims as part of a bankruptcy reorganization ordered in August.

The organization ignored decades of sex abuse allegations, but it could now pay the price. More than 60,000 men say they were abused as scouts, ahead of Monday's deadline to file a claim.