![]() Knights of Columbus currently has an A+ rating from AM Best. ![]() One of the main indicators of that is whether a company’s customer pool is growing, and whether young people who will pay their life insurance claims for a long time are buying policies. The key thing insurance rating companies are looking for is the ability to pay back the claims of policyholders. In order for life insurance companies to be appealing to prospective policy holders and get them to buy its plans, it's beneficial for them to have a top rating from an insurance rating company. The court will begin hearing the case Monday.Īccording to multiple sources and the lawsuit, the alleged scheme went like this: The case is accusing the Knights of Columbus of “fraud, deception, theft, and broken promises,” a 2017 complaint in the US District Court for Colorado reads. Today, however, McAtee is a witness for the plaintiffs in a massive lawsuit that could shake one of America’s most powerful socially conservative groups to its core. They raised money for charity, had Christmas parties for good causes, and fried fish for its friends and family in the local community center. He was also, though he didn't realize it at the time, becoming a pawn in an alleged scheme to inflate membership numbers for a multibillion-dollar life insurance company.īut to him, the Knights were mostly just a group of nice men from his parish in Mobile, Alabama, who wore matching shirts with shield insignias. Kennedy, and it continues to have powerful political allies in 2019. He was joining a formidable club, the largest Catholic fraternal organization in the world with alumni like Babe Ruth and John F. Greg McAtee first joined the Knights of Columbus 16 years ago, when he was 55.
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