A consumer representative got a positive response from insurance regulators here when he urged them to create a model law requiring homeowners carriers to disclose data on the race, sex and income of those who try to buy coverage from them.
Greg Squires, a sociology professor at George Washington University, told National Underwriter his data call would cover "all homeowners applications, even where they are denied and business was not written. [That way] the data would reflect all applications and allow for analysis of approvals and declinations."
Such detailed information is already required of home mortgage lenders under the federal Home Mortgage Disclosure Act (HMDA), noted Mr. Squires, who made his pitch to regulators last week at the National Association of Insurance Commissioners meeting in his first appearance as a funded consumer representative.
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