In the mid 1980’s, there was a substantial hardening of the insurance market, especially in the area of casualty insurance. As a result, it was not uncommon to see increases of up to 400% for liability charges. Also, some coverages became unavailable in the marketplace. For instance, municipalities and day care centers were just two entities that were seriously impacted.As a result, Catholic Mutual Group, along with a number of Dioceses, explored the possibility of forming an excess liability pool. This endeavor became a reality with the formation and commencement of operation of the Catholic Umbrella Pool (CUP) on July 1, 1987. There were 16 charter members, and with a steady growth, the number of members currently in the Pool has risen to over 30. Originally, CUP operated as a fund within Catholic Mutual. As CUP grew and matured, it was decided that CUP should have its own legal identity. After a prudent review of the options available, the membership voted to separately incorporate effective July 1, 1998. CUP now operates as a Nebraska Corporation. CUP is a 501 (c) (3) corporation which is listed in the Official Catholic Directory. The Pool participates in the $3.5 million liability layer excess of $1.5 million for its members and acts as a reinsurer for Catholic Mutual.