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Norwich Catholic Diocese Files Chapter 11 Plan With $30M Fund for Survivors
Sep 10 2024 // The Roman Catholic Diocese of Norwich and its parishes, along with its insurer Catholic Mutual Relief Society of America, have filed a joint Chapter 11 plan of reorganization as the diocese seeks to emerge from...
AM Best Assigns Issue Credit Rating to Church Mutual’s Surplus Notes
Aug 26 2024 // AM Best said it has assigned and placed under review with negative implications a Long-Term Issue Credit Rating of bbb+ (Good) to the $40 million, 9.5% surplus notes due 2044 issued by Church Mutual Insurance Company,...
Houses of Worship and the State of Insurance
Aug 19 2024 // A recent Insurance Journal article decried the state of insurance for churches and it’s mostly about their property insurance issues and we all know that the property insurance space has struggled in recent years,...
How a Perfect Storm Sent Church Insurance Rates Skyrocketing
Jul 25 2024 // The Rev. John Parks was taking his first sabbatical in 40 years of ministry when he got a call from his church’s accountant with some bad news. Church Mutual, the church’s insurance company, had dropped...
Fire Severely Damages Historic First Dallas Baptist Church Sanctuary
Jul 22 2024 // A fire all but destroyed the historic church sanctuary at First Baptist Dallas, sending smoke billowing over the city but causing no deaths or injuries, Dallas firefighters said. The fire in the Texas Historic Landmark, a...
Washington AG Says Catholic Church Stonewalling Sex Abuse Investigation
May 13 2024 // The Catholic church is refusing to cooperate with a Washington state investigation into whether it unlawfully used charitable trust funds to cover up sexual abuse by priests, Attorney General Bob Ferguson said, asking a...
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