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Foster-care provider warns insurance costs threaten Georgia child-placement services
Summary
Faithbridge CEO Bob Rudermatz told the committee that commercial insurance costs for licensed child-placing agencies have risen dramatically and that many insurers have exited or stopped quoting products needed by providers, threatening capacity to care for foster children.
Bob Rudermatz, president and CEO of Faithbridge, a licensed child-placing agency, told the Insurance Rate Study Committee on Aug. 15 that a national insurance market shift has sharply increased premiums and deductibles for organizations that license and support foster families.
Rudermatz said insurers that once wrote required liability, auto and malpractice coverage for Georgia agencies have scaled back or…
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