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Insurance official: historic sexual‑abuse claims are driving childcare liability crisis
Summary
A state insurance study found payouts for historic sexual‑abuse claims have surged and are outpacing premiums, making sexual‑abuse coverage the principal driver of market stress for child‑care and child‑placing agencies; OIC advised options including safe harbors, a victims’ compensation fund and federal coordination.
The Office of the Insurance Commissioner (OIC) told providers that a surge in historic sexual‑abuse claims — not property or general liability losses — is the primary driver of escalating child‑care liability costs and reduced market availability.
David Fort, who presented OIC’s December report, said actuaries reviewed 10 years of premium and claim data and interviewed child‑care entities, brokers and trade associations. While property and commercial‑auto markets remain broadly available,…
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