Thursday, June 13, 2019

Episcopal Church of SC files complaint against insurance company

From South Carolina-

The Episcopal Church of South Carolina filed a complaint in federal court against its insurance company.
 
Court documents show the insurance company, Church Insurance Company of Vermont, wrongfully made secret payments to churches that sued the Episcopal Church, helping to fund their litigation against the diocese.
The complaint specifically names St. Philip's in downtown Charleston and seeks actual and punitive damages from the insurance company.
According to the complaint, the church discovered that the company paid insurance proceeds to at least one of the disaffiliated parishes, St. Philip’s Church in downtown Charleston. This discovery came through an annual report published online by St. Philip’s that said “After spending for TEC legal fees, Loan Amortization, and Capital Expenditures, St. Philip’s incurred a net cash deficit of $79,045. However, roughly half of the TEC Legal Fees were eligible for partial reimbursement from the Church Insurance Co. of Vermont, totaling some $111,749.”
 More here-

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