A session to discuss guidelines used by insurers to rate customer risks turned into a debate between consumer and industry representatives over redlining allegations at last week's meeting of the National Association of Insurance Commissioners.
Redlining–the controversial practice of refusing coverage to a geographic area because of its racial, ethnic or economic makeup–became an issue at a hearing conducted by the NAIC Market Conduct Committee to discuss whether a review of insurer underwriting and risk classification guidelines is needed.
“If it ain't broke, don't break it,” said David Snyder, assistant general counsel of the American Insurance Association.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
