Late last year, Christ Covenant learned Church Mutual had dropped its insurance coverage. “The reason we were given was we’re not worth the risk anymore,” elder Jake Pfaff said. Though Christ Covenant’s story is a common one among churches in and beyond the coastal regions, the insurance maelstrom has hit Texas and Louisiana hard.
Read MoreOn Nov. 29, the U.S. District Court in Kentucky entered judgments of nearly $4.7 million against Aliera, which marketed “sham policies” and “realized exorbitant profits” by declining to pay claims and instead retaining 84% of customer donations, in violation of federal requirements.
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