California schools face a new budget hit: Soaring insurance costs after sex abuse lawsuits

California schools face a new budget hit: Soaring insurance costs after sex abuse lawsuits

In summary A recent state law lifted the statute of limitations on sex abuse lawsuits, driving a huge increase in payouts by school districts and government agencies. It has also increased insurance premiums for all agencies. Since California made it easier for sexual abuse survivors to sue government agencies, victims have brought forth more than $3 billion in claims. But even agencies that haven’t been sued are facing financial hardship as a r…