Rising church insurance premiums and the increasing difficulty of securing coverage are leaving many churches across the U.S. struggling, with significant implications for the insurance industry.
Tag: church insurance
Surge of New Abuse Claims Threatens Church Like Never Before
A wave of new laws in 15 states that allow people to make claims of sexual abuse going back decades could bring a deluge of lawsuits against the Roman Catholic Church that could surpass anything it’s seen before. At the end of another long day trying to sign up new clients accusing the Roman Catholic… Continue reading Surge of New Abuse Claims Threatens Church Like Never Before
New Laws Open Door to Decades-Old Child Sex Abuse Cases
When sex abuse victim Jim Keenan filed his first lawsuit 13 years ago, he thought his was “a lone case.” But after settling with the Catholic Archdiocese of St. Paul, Minnesota, in 2018, he became the leader of a small army as chairman of a group of 440 sexual abuse victims within that diocese. It… Continue reading New Laws Open Door to Decades-Old Child Sex Abuse Cases
U.S. Religious Centers Buy More Insurance after Raft of Shootings
U.S. religious centers are buying special insurance to protect them from the financial consequences of an armed intruder opening fire in their buildings. Many congregations have been reassessing coverage and buying separate “active assailant” policies as shootings at houses of worship, including churches, synagogues and mosques, become more common, religious leaders and insurance representatives said… Continue reading U.S. Religious Centers Buy More Insurance after Raft of Shootings
Duluth Diocese Settles with Liberty Mutual to Pay for Church Abuse Claims
The Diocese of Duluth in Minnesota entered into an agreement this week that would end years of litigation over insurance coverage and provide more than $30 million to victims of child sexual abuse. Liberty Mutual Insurance Company agreed to pay $6.5 million under a settlement agreement filed this week in U.S. Bankruptcy Court. It is… Continue reading Duluth Diocese Settles with Liberty Mutual to Pay for Church Abuse Claims
Risk Management: Synagogues Across U.S. Step Up Security in Wake of Pittsburgh Shooting
Synagogues around the U.S. were tightening security procedures Sunday in the wake of the mass shooting in Pittsburgh, while police went door-to-door to some urging a lockdown. But what may be the worst attack on a Jewish community in U.S. history is only the latest assault on religious institutions in recent years. Houses of worship… Continue reading Risk Management: Synagogues Across U.S. Step Up Security in Wake of Pittsburgh Shooting
Brooklyn Diocese to Pay $27.5 Million to Settle 4 Sex Abuse Cases
Four men who were repeatedly sexually abused as children by a religion teacher at a Catholic church in Brooklyn received a $27.5 million settlement from the Diocese of Brooklyn on Tuesday, in one of the largest settlements ever awarded to individual victims of sexual abuse within the Catholic Church. The settlement comes two weeks after… Continue reading Brooklyn Diocese to Pay $27.5 Million to Settle 4 Sex Abuse Cases
Church Mutual Now Live with CM Select, A New Online Insurer
Church Mutual Insurance Company has launched CM Select Insurance Company. CM Select is the first insurer to offer online access to a product created specifically for smaller churches and other religious organizations. These organizations can easily obtain quotes, purchase policies and manage their insurance needs online, simplifying the insurance-buying process. “As all sectors of business,… Continue reading Church Mutual Now Live with CM Select, A New Online Insurer