CA Insurance company not renewing policies for foster agencies [Video]

CALIFORNIA, USA — Foster family agencies say one of their major insurance carriers is no longer renewing policies in the state as California‘s insurance crisis continues.

“We really have to have that insurance to be able to operate, especially our foster family agency,” said Tony Yadon, the CEO of Parents by Choice.

Parents by Choice is a Stockton-based nonprofit, aimed at helping foster youth in the welfare system, insurance is required, as it protects the agency from various claims, including sexual misconduct insurance. The Nonprofits Insurance Alliance of California (NIAC) has been its provider.

“It’s a very costly piece of our operation and we have to make sure that we’re not only getting the best insurance, but we’re getting the best price,” said Yadon.

In September, NIAC announced it would not renew policies for all California-based agencies, blaming AB 2496. The governor …