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Catholic Church Insurance is planning to enter a scheme of arrangement amid uncertainty over the quantum of historical sexual abuse and other claims, and to avoid formal insolvency. Source: The Australian.
Catholic Church Insurance will wind down after failing to receive another financial lifeline amid large numbers of historical sexual abuse and other claims. Source: The Australian.
Church leaders say they remain fully committed to engaging with survivors of abuse with justice and compassion, including in the payment of compensation, as changes at Catholic Church Insurance loom. Source: The Australian.