The University of Michigan has reached a $490 million settlement with more than 1,000 former students who say they were sexually assaulted by a former sports doctor, the college’s Board of Regents announced on Wednesday. “Our most solemn responsibility to our university and community members is to support healing and restoration of trust in an environment where safety is paramount,” the board said in a statement. Approximately 1,050 claimants who had sued the university alleging abuse by Dr. Robert Anderson will share the $490 million in settlement money, meaning that each accuser will receive an average of about $438,000. The settlement was reached through a mediation process that began in October 2020 and was supervised by United States District Court Judge Victoria Roberts. However, the agreement still needs to be signed off by the Board of Regents and approved by 98 percent of the claimants. Of the $490 million, $30 million will be reserved for future …