Let The Sun Shine In On Property Insurance.(prevention of discrimination)(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, September, 2001 by Squires, Gregory D.

Twenty-five years ago, when redlining and racial discrimination were widespread in the mortgage lending market, the federal government responded by passing the Home Mortgage Disclosure Act requiring most lenders to publicly reveal the census tracts in which they were making loans. Two years later the Community Reinvestment Act was passed banning redlining.

HMDA and CRA are credited by the National Community Reinvestment Coalition with generating over $1 billion in new loans for older urban neighborhoods around the country. Redlining and discrimination have long permeated property insurance markets, but nothing close to even minimal disclosure requirements have ever been required by the federal government for this industry. A modest disclosure bill was passed...

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