From a WSJ article today on the settlement:
The $852 million to settle the claims against Mr. Tyndall will be paid over two years through a variety of sources, the school said, including litigation reserves, insurance, the potential sale of assets and deferred capital spending.
In these cases, there is usually lawsuits going on alongside over the issue of how much of the conduct is covered by insurance, and how much is insurance going to pay. Over recent decades in the commercial insurance world, there are more and more exclusions written into the policy about no coverage for claims on sexual assault or misconduct. There may be some expense coverage for a legal defense to the claims, but no indemnity coverage to pay for any settlements or awards. Your homeowners' insurance policy most likely has these exclusions written into the policy as well.