Executive Board approves loan to self-insurance trust
By Brian Blackwell, Baptist Message staff writer WOODWORTH, La. (LBM) – In response to the church insurance crisis that is pressing on congregations across the state, Executive Board members approved, during its Sept. 24 meeting, a motion that would loan $250,000 from the Disaster Relief Restricted Fund to help cover initial costs of a newly-formed church self-insured organization. The money would be used as a loan for establishment and administration of the self-insurance trust, also known as the Fellowship of Louisiana Churches and Non-Profit Religious Organizations. “We have continued to take the lead to take steps so that this will become a reality,” Louisiana Baptist Executive Director Steve Horn told Executive Board members. “I have met on many occasions, in person and in conference calls, with individuals in the insurance industry and government officials who can hopefully assist us.” BACKGROUND In 2023 congregations began to receive nonrenewal notices or to see exorbitant premium hikes from the three largest insurers of faith-based organizations in the state (Church Mutual, Brotherhood Mutual and GuideOne). In response, the LBC launched a successful effort with the state legislature to establish a church … [Read more...]
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