An arbitration panel has ruled that the Roman Catholic Diocese of Springfield, Mass., should get as much as $49 million from its insurance company to replace Cathedral High School, which sustained such severe damage during a 2011 tornado that it’s been closed since.
The insurance company, Catholic Mutual Group, argued the school could be repaired and offered $15 million. The diocese wanted $70 million to replace the school.
The arbitration panel issued its ruling Tuesday.
A spokesman for the diocese tells The Republican that church lawyers will file a revised claim with the insurance company based on the arbitration ruling. The company has 30 days to write a check or appeal. Catholic Mutual did not return calls for comment.
Students have been taking classes in rented space in Wilbraham.
Topics Carriers Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Battle Between Applied Systems and Comulate Escalates With New Antitrust Lawsuit
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data
Travelers Q4 Net Income Up 20% on Underwriting, Lower Catastrophe Losses
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results 

