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PSU hoping for quick settlements

Updated: July 29, 2012, 11:21 PM ET
Associated Press

WASHINGTON -- Penn State is adequately covered to handle lawsuits stemming from the sexual abuse scandal that has enveloped the campus, its president said, repeating that the university hopes to settle many of them "as quickly as possible" even though its insurer has sought to limit claims.

Rodney Erickson told CBS's "Face the Nation" program in an interview taped for broadcast Sunday that the university has general liability coverage like any institution of its size.

"We believe ...

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