The reopening of a Roman Catholic school in Springfield severely damaged by last summer’s tornadoes has been delayed because of a dispute between the diocese and its insurer.
Officials with the Diocese of Springfield said Tuesday that while they estimate it will take $70 million to repair tornado damage to the building that housed both Cathedral High School as well as St. Michael’s Academy middle school, the insurance company has only agreed to a $15 million payment.
In accordance with state law, the diocese says it will take the matter to arbitration.
As a result the diocese is planning to extend the lease agreement on property it rents for Cathedral in Wilbraham.
A diocese spokesman says Bishop Timothy McDonnell is profoundly disappointed. The schools have about 600 students combined.
Topics Carriers Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
AI for the Defense: Should Insurers or Law Firms Pay? 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
