SAN ANTONIO, TEXAS–A national regulators' session to discuss guidelines insurers use to rate customers as risks turned into a debate between consumer and industry representatives over redlining yesterday.
Redlining, the controversial practice of refusing coverage to a geographic area because of its ethnic and economic makeup, became an issue at a hearing of the National Association of Insurance Commissioners panel.
The session, conducted by the NAIC Market Conduct Committee during the NAIC annual winter meeting, was called to discuss whether a review of insurers' underwriting and risk classification guidelines is needed.
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