NEW MEXICO
Albuquerque Journal
By Olivier Uyttebrouck / Journal Staff Writer
PUBLISHED: Friday, August 14, 2015
The Diocese of Gallup’s assets are “virtually non-existent” and insurance coverage is “extremely limited” for settling the diocese’s Chapter 11 bankruptcy case, an attorney for an insurance company said in court records.
At least 17 of the 57 sexual abuse claims filed in the case predate 1965, when the Diocese of Gallup had no insurance coverage, attorneys said in motions.
The company that insured the diocese from 1965 to 1977, Home Insurance Co., is insolvent and went into liquidation proceedings in 2003.
The 25 sexual abuse claims that date to that period are now covered by New Mexico Property and Casualty Guaranty Association, which was created by New Mexico state law in 1978 to cover insurance policies issued by defunct companies.
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