U.S. Supreme Court,
Insurance
Jul. 16, 2024
Insurers have been more active in Catholic diocese bankruptcies. Here's why
The Supreme Court ruling last month could give insurers even more say in Chapter 11 proceedings.
Insurers have become more active in bankruptcy cases involving Catholic dioceses, attorneys say. Meanwhile, a U.S. Supreme Court ruling last month could give them even more say in Chapter 11 proceedings.
The trend grew out of a previous round of clergy sex abuse cases around the nation 10 to 20 years ago, when several large insurers had to pay out millions to settle claims. A more aggressive litigation stance by insurers has led to a paradoxical situation: some plaintiffs' at...
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