From the supplier: Insurance companies' exposure to charges of discrimination have increased as the federal and state governments and private sector civil rights lawyers have increased their scrutiny of the insurance industry for incidences of redlining. Insurers can reduce their exposure to redlining liability by eliminating objective underwriting criteria that do not have a material effect on risk. Rather than requiring a minimum value, insurers should charge a minimum premium. Insurers also should apply underwriting criteria consistently and validate their underwriting criteria.
Citation Details
Title: Insurers can minimize redlining exposures.(Another Perspective)(Column)
Author: Brian W. McGrath
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: February 19, 1996
Publisher: The National Underwriter Company
Issue: n8 Page: p17(2)
Article Type: Column
Distributed by Thomson Gale
Price: $5.95
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