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The Fox News Rundown

Business Rundown: Childcare Providers Are Facing An Insurance Affordability Crisis

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 1 September 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

Costs are rising rapidly for child care providers. The latest driver? Liability insurance. A recent survey from the National Association of the Education of Young Children showed 62% of educators reported difficulties finding or affording this insurance. FOX Business' Lydia Hu speaks with Samantha Phillips, a Texas-based insurance agent who works with hundreds of childcare providers across the country. Phillips explains why this surging expense poses an existential threat to the entire child care industry. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I'll now hand you over to my best man, Eddie.

0:04.0

Wow, wow, wow, second time's a charm, eh, Billy Boy?

0:09.0

Oh God.

0:10.0

Substitution, courtesy of Paddy Power, embarrassing Eddie, makes way for sensible Samuel.

0:15.0

Cool, that was close.

0:16.0

You might not always pick the right starter, but your sub can still deliver.

0:19.0

Because with Paddy's super sub, your bet rolls over to the player coming on. Patti power. Valid on selected leagues and

0:24.3

markets only. Pre-match and in-play bets on qualifying player outcome selections only. T's and

0:27.8

exclusions apply. 18 plus scumannware.org. I'm Lydia Who, and this is the Fox Business Rundown.

0:40.3

Monday, September 1st, 2025. Costs are rising rapidly for child care providers.

0:44.3

The latest driver, liability insurance.

0:46.3

A survey from the National Association of the Education of Young Children showed

0:52.3

62% of educators reported difficulties, finding or affording

0:57.1

this insurance.

0:58.5

And experts suggest this surging expense poses an existential threat to the entire child

1:03.9

care industry.

1:05.2

If we don't figure out a solution and if we don't start raising awareness to this issue, we're going to be in a situation where

1:13.0

we're in trouble.

1:14.9

We've got to do something now before it's too late.

1:17.4

It isn't only surging liability insurance costs.

1:20.6

They're also seeing their coverage reduced or their insurance policies dropped altogether.

1:26.6

This jump in insurance costs is forcing some small

...

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