One of the most important developments at the recent NAIC meeting came in under the radar and took most insurers by surprise–a controversial call to force homeowners carriers to collect and disclose data on the race and income of prospects and clients. Insurers are damned if they do, and damned if they don't support the proposal.
The suggestion came from Greg Squires, a sociology professor at George Washington University, who delivered his pitch at the National Association of Insurance Commissioners meeting in Orlando during his first appearance as a funded consumer representative.
Greg and I go way back. I've published a number of his op-ed columns in NU over the years, most concerning allegations of insurer redlining in poor and minority communities. (Greg makes his latest case in "Final Say" on page 34.) Insurers are not happy about the idea, and will fight it tooth and nail.
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