Archdiocese of Portland, Ore., Declares Bankruptcy (washingtonpost.com)
In a letter to the Portland archdiocese's 356,000 Catholics, Vlazny portrayed the decision as strictly a response to a dire local situation. He said that the diocese had "worked diligently to settle claims," but that "major insurers have abandoned us" and that bankruptcy was the best way to keep the archdiocese's parishes and schools running while still paying claims.
I wish I knew what the Archbishop meant. If the insurers breached a legal duty then there is a bad faith lawsuit in the works. If they refused to pay for claims they believe were not covered, then that is another question.
See also the NYTimes for other interesting quotes.
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