Curated News
By: NewsRamp Editorial Staff
August 21, 2024
NIAC Announces Nonrenewal of Coverages for California Foster Family Agencies
Discuss on RedditTLDR
- FFAs in California will not be renewed due to lack of insurability, creating potential opportunity for alternative insurance providers.
- NIAC's announcement regarding nonrenewal of coverages for California FFAs is a result of the unlikeliness of AB 2496 to pass.
- NIAC's commitment to advocating for California FFAs demonstrates their dedication to support the important work of these organizations.
- The announcement by NIAC highlights the challenges faced by FFAs in California, shedding light on the need for legislative change.
Impact - Why it Matters
This news matters as it directly affects the insurance coverage of foster family agencies in California. The nonrenewal of coverages has significant implications for the organizations' ability to continue their important work with children in resource homes. It also highlights the ongoing advocacy efforts of NIAC to support FFAs and the need for legislative action to make FFAs insurable.
Summary
The Nonprofits Insurance Alliance of California (NIAC) announced the nonrenewal of all coverages for foster family agencies in California due to the unlikelihood of the passage of AB 2496, The Foster Family Agency Protection Act. The bill, as originally drafted, would have made FFAs insurable, but it is now unlikely to pass in a form that allows FFAs to be insurable. NIAC remains committed to advocating for California FFAs and is actively working to pass legislation that would allow FFAs to be insurable. The organization encourages FFAs to reach out to their elected officials to raise awareness about the dire situation.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, NIAC Announces Nonrenewal of Coverages for California Foster Family Agencies
