Is the Archdiocese of New York Pushed into Bankruptcy?
A New York state appeals court ruled on 23 April that an insurance company for the Archdiocese of New York doesn't have to pay to settle 1,500 mostly homosexual abuse claims.
The archdiocese called the ruling 'extremely disappointing' and 'wrong'. The five judges unanimously overturned a lower court's order from December 2023 that would have forced the insurer to pay.
The insurance group had issued more than 30 liability policies to the archdiocese and several of its parishes, schools and institutions between 1956 and 2003.
New laws enacted in 2019 (the Child Victims Act) and 2022 (the Adult Survivors Act) have opened the door to hundreds of previously time-barred claims. Some of the allegations date back to the 1930s (sic).
"If allowed to stand, the decision will allow insurance companies to evade the contractual obligations of the policies they issue," Joseph Zwilling, director of communications for the archdiocese, told OSVNews.com (27 April).
The case now heads to New York's highest court.
Picture: St. Patrick's Cathedral in Manhattan © wikipedia CC BY-SA, #newsTcrhxbldjk
The archdiocese called the ruling 'extremely disappointing' and 'wrong'. The five judges unanimously overturned a lower court's order from December 2023 that would have forced the insurer to pay.
The insurance group had issued more than 30 liability policies to the archdiocese and several of its parishes, schools and institutions between 1956 and 2003.
New laws enacted in 2019 (the Child Victims Act) and 2022 (the Adult Survivors Act) have opened the door to hundreds of previously time-barred claims. Some of the allegations date back to the 1930s (sic).
"If allowed to stand, the decision will allow insurance companies to evade the contractual obligations of the policies they issue," Joseph Zwilling, director of communications for the archdiocese, told OSVNews.com (27 April).
The case now heads to New York's highest court.
Picture: St. Patrick's Cathedral in Manhattan © wikipedia CC BY-SA, #newsTcrhxbldjk