One of the most important and interesting 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, gender and income bracket of their prospects and clients. In responding, insurers are damned if they do and damned if they don't support the proposal.
(To read full coverage of the proposal, click here.)
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.
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