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Home»Specialized Insurance»New York proposes assigned-risk market to rescue foster care agencies from insurance collapse
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New York proposes assigned-risk market to rescue foster care agencies from insurance collapse

AwaisBy AwaisFebruary 6, 2026No Comments1 Min Read0 Views
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New York proposes assigned-risk market to rescue foster care agencies from insurance collapse
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Private foster care agencies in New York face around 800 lawsuits under the Child Victims Act, according to a survey by the Council of Family and Child Caring Agencies. In nearly 40% of those cases, the insurance policy in place at the time has since been voided, leaving agencies responsible for full settlement costs.

Agencies assignedrisk Care Collapse foster Insurance market proposes rescue York
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