Eighteen consumer, civil rights, and community organizations jointly submitted comments to the National Association of Insurance Commissioners (NAIC) Special Committee on Race and Insurance, urging the NAIC to focus its efforts on creating tools to help states and insurers identify and combat systemic racism in insurance. The letter called for the Special Committee to "avoid meetings with debates about the existence of systemic racism but instead move quickly to identify the places it appears and develop the strategies needed to address it…following the murder of George Floyd." Specifically, the groups' comments call for the following from the NAIC:

Examination of the ways systemic biases impact underwriting decisions, premiums, claims handling, and fraud investigation;
Detailed recommendations to states and insurers on how to test for disparate impacts and eliminate unfair discrimination and racism in the industry; and
More robust data collection of insurance market outcomes and data transparency, so advocates, insurers, and regulators can more effectively stop discrimination.

The Travelers Companies, Inc. launched Global Companion Plus+. This new product builds upon the company's broad property and casualty offerings for U.S. firms with foreign exposures. Features of Global Companion Plus+ include:

Primary foreign voluntary workers compensation
Financial interest
Global panel counsel service
Emergency evacuation coverage

Professional Insurance Agents of New York State has named Anthony Kammas its Professional Agent of the Year, posthumously. The announcement was made at the association's annual meeting on Oct. 1. At the time of his death, Kammas was president-elect for PIANY for 2020-21. He was a revered leader of PIANY and was planning his term as president with great enthusiasm. He served in nearly every leadership role in PIANY and garnered the respect of his peers and community for his many other volunteer efforts. Kammas passed away on June 29, 2020, at age 49.

Special Reports /

Around the P&C insurance industry: November 18, 2020

Related Stories

Recommended For You