Soaring insurance costs are leading Catholic churches in Otago and Southland to reconsider their options. Between them, the churches in the Catholic Diocese of Dunedin face a $240,000 insurance premium bill this year. It’s a lot of money. During the past 10 years the diocese has had just one significant claim as a result of Read more
The Catholic Church insurer is planning to enter a scheme of arrangement amid uncertainty over the quantum of long-term sex abuse and other claims and to avoid formal insolvency. Catholic Church Insurance chairman Joan Fitzpatrick has written to policyholders proposing a scheme of arrangement, which is a common procedure in global insurance markets amid uncertain Read more